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Release Date: August 05, 2009
Genre: Games
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iTunes New Music Releases

Release Date: September 29, 2009
Genre: Rock
Release Date: September 20, 2009
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Genre: Rock
Release Date: August 25, 2009

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  • 8:30

    • 10 out of 10
    • Weather Report
    • This is Weather Reports quintessential line-up captured live. Jaco Pastorious and Peter Erskine join Wayne Shorter and, of course, Joe Zawinul to create this masterpiece.
  • Hello

    • 8 out of 10
    • Poe
    • Poe rocked my world with "Angry Johnny" (I want to kill you/I want to blow you/Away) and "Trigger Happy Jack" (Trigger Happy Jack/ You're gonna blow/But I'm gonna get off/Before you go), as powe

  • Pressure Chief

    • 6 out of 10
    • Cake
    • Pressure Chief, Cake's latest album, didn't immediately grab me. In fact, it took perhaps half a dozen listens before I started truly enjoying it. Any

  • With Teeth

    • 4 out of 10
    • Nine Inch Nails
    • In the sprawling post-A&R rock and roll world, there are two camps: the Beatles and the Stones. The Beatles are the artists that like to explore, evolve, and change styles. The Stones are the artis

  • Live at the Magic Bag, Ferndale, MI

    • 6 out of 10
    • Supersuckers
    • Man, there's nothing like good, old fashioned, rock and roll... add a bit of industry resentment to that with a double-shot of cynicism, and you get one of the best "new" rock bands going. This album

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News

Goldman Sachs: Satellite Radio Missed its Opportunity

Goldman Sachs analyst Mark Wienkes has lowered his target price for XM radio, based on its Q2 numbers. The satellite radio service will continue to function, merged or unmerged, but after ten years, it has missed its opportunity in the marketplace.

XM radio, which at one time traded in the US$40s, is now trading at around $9/share, and Mr. Wienkes that’s still to high and has lowered his target price from $6.50 to $5.00

The Goldman Sachs analyst sees rough times ahead for satellite radio thanks to lower auto sales, a principle source for new subscribers.

"Specifically, we believe the ultimate universe for satellite radio is increasingly impaired by a both lowered OEM production levels and an array of lower cost/higher value alternatives that may prevent the medium from gaining the critical mass necessary to drive attractive risk adjusted returns to shareholders," Mr. Wienkes said.

Unnamed in those "lower cost/higher value alternatives" were a host of modern alternatives: Internet subscription music services, iTunes, the iPod, the iPhone with apps like AOL radio and Pandora and terrestrial HD radio with connections back to iTunes.

"In our view, with the rapid increase in adoption of competing streaming media technologies and a falling demand amongst the under 44-year-old demographics, we have to wonder if, after nearly 10 years since inception, satellite radio has missed its opportunity as a mass market product," Mr. Wienkes noted.

Sirius Satellite Radio and XM Radio have been eager to merge due to competition for a small audience and tough economics, but the federal government hasn’t been keen on the idea until recently -- and will impose some tough measures to satisfy antitrust issues. The intense focus on the merger as a solution to their problems may have allowed technology to pass satellite radio by.

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