According to reports, General Motors announced Tuesday that, based on positive feedback from consumers, it would expand its XM Satellite Radio program and make the company’s satellite receivers available in 44 of its 57 models, or 75% of its cars.
Meanwhile, Sirius announced that the FCC has approved its application to transfer control of its operating licenses as part of a proposed recapitalization, which the company says will be completed this quarter.
Both XM (Nasdaq: XMSR) and Sirius (Nasdaq: SIRI) have been pounded on the stock market recently. Once trading in the mid-40s, XM has been in the two-dollar range over the past quarter. Similarly, Sirius peaked at around 50, only to slide to the one-dollar level over the past three months.
As of this posting, however, shares in XM were up .44 to 4.08, while Sirius had gained .21 to 1.49. XM and Sirius have 52-week highs of 16.68 and 8.14, respectively.
SONG REVENUE: CALM BEFORE THE STORM
J. Cole has his moment; Future-Metro have another big payday. (4/19a)
WARNER CHAPPELL ROPES IN RED CLAY STRAYS
Another big get for Guy and Carianne (4/19a)
THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/19a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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