I've said all kinds of things about satellite radio over the years, so I won't rehash them now. Here's what I think:
ClearChannel went back private a few years ago and traditional radio is not necessarily doing very well. Although none of us are able to look at ClearChannel's cash position any longer with them having gone private, I would be willing to be that they have a warchest. I'm guessing that they're looking hard at purchasing the combined XM/Sirius entity, especially at a discount price -- I almost wonder if the bankruptcy was a takeover protection effort.Just my $0.02, but it seems like radio has a strong history of simple consolidating stations and channels to maintain advertising revenue instead of directly addressing the problem -- XM/Sirius, at its core, is just another set of stations and channels; it's just delivered via a different medium.