Saturday, July 26, 2008

A Little Prediction

The FCC et al approved the Sirius/XM merger yesterday.

I think the combined entity will raise some cash then go to zero. The common, that is.

By the way, one of my best friends in the whole world owns some terrestrial radio properties in Canada and he predicted this (not the merger, the busto eventuality) about 10 years ago.

I didn't get much sleep last night so I could be wrong.

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