Hearing a lot of Sirius underwriting (let's just call them what they are, "commercials") announcements on NPR. Many of those, ahem, announcements for Sirius tout Howard Stern. Strange, interesting, yet no surprise, since research showed many of Stern's terrestrial radio listeners also listened to NPR, especially in morning drive.
Further interesting is this item which appeared earlier this week:
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Further interesting is this item which appeared earlier this week:
Inside Radio said:A selloff day but not a stampede for the satellite stocks.
The catalyst was Mel Karmazin's trimming of the holiday expectations for Sirius - and then Jim Cramer's pronouncement that it was "the first big miss for the Karmazin team." Cramer - who's had Mel on his CNBC show - says "Mel had been money in the bank. Everyone deserves one strike. But in my league, two strikes and you're out. Even a half-strike more, and you're out of the satellite game." Even so - Sirius stock fell but didn't quite touch its 52-week low of $3.60. Rival XM also dropped, probably in sympathy - despite announcement of a big GM deal.
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