Re: Sirius Satellite Radio
The better play may be to short XM as the news of Stern subs starts to boost SIRI. Also long term shorts of the big traditional broadcasters like Clear Channel may still work.
In a speech given to the Progress And Freedom Foundation, Clear Channel President/CEO Mark Mays called for Congress to further loosen media ownership rules, to allow terrestrial radio stations to better compete with newer musical mediums. "Free radio is struggling. The cost of competing with new technologies and increased listener choice is staggering and profits are down," Mays said
Just bought the lifetime deal for Sirius ($500), terrestrial radio is history.
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