Financial Troubles at SiriusXM

  • Financial troubles based on declining auto sales, a main component of the satellite network’s growth is spurring layoffs that will become evident over the next few weeks.
  • What went wrong with the satellite monopoly that was supposed to be the next great thing in radio – remember? AM, FM and that’s how the name XM was born.
  • But wait: In these ways, satellite is dragging down terrestrial radio, too.
  • And the behind-the-scenes greedy tricks coming from auto manufacturers that threaten satellite and even terrestrial radio.

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