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Sat Jul 5th 07:56 AM
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June Auto Sales: No Good News Here for Satellite Radio

Satellite radio has been made a martyr. May be it is a paback for excessively high expectations in the beginning. Those who went to school and can add 2 & 2 can see that even with this "bad news" the news is not that bad at all. Even with a very conservative retention rate of, say, 40% during this very tough year, Sirius and XM should have picked up jointly about 1.6 M new subscribers by July 1. And this is a time when they are being literally destroyed, intentionally or untintentionally, by the FCC. Once they are combined, they will get back on track within 12 to 18 months, the confusiion will be gone, and some analysts will have to shut up. You cannot stop the progress and innovation no matter how hard you try. The future is definitely with the satellite radio.
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