Re: ABC Radio?
> you're reading my mind.
>
> > Couldn't this be taken as an admission that satellite
> isn't
> > exactly the future and terrestrial radio isn't dead? Why
> > else would they want to stick their fingers in the
> > land-based pie?
> >
>
*If true,* the only reason I can think of is to give them access to the ABC News and satellite delivery network, and the station acquisition would give them a land-based service from which to make money. We know that both of the satellite services (XM and Sirius) haven't made a dime, yet continue to spend on talent (e.g., Cousin Brucie, Howard Stern). So, a good business move would be to acquire a service which will give a relatively stable cash-flow and revenue stream (radio).
However, what makes this whole thing strange, is the fact that to acquire these stations and assets, Sirius needs money--which it doesn't have because it needs the stations to get the money. It's a catch-22...
It's a very weird proposition.