Monday, August 07, 2006

Google Subverts XM Satellite Radio

Google (Nasdaq:GOOG) subverts XM Satellite Radio (Nasdaq:XMSR) with word ads to be placed on non music channels. Satellite Radio model supposedly was subscription driven and advertising free. Google has cash. XMSR bleeds cash. Google wants a foothold into music and entertainment delivery. Satellite Radio is the new way without legacy costs.