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I thought Sirius/ XM might make it. The combined company is a monopoly, right?
All they need is some capital, it would seem to be a reasonable investment.
Yes, the high cost of talent hurt them. Howard Stern is a great draw, but at some price he makes no sense. Maybe by paying Stern $500 million --they tried to grow too fast. Factor in the recession, when people are cutting back on non-essential services, and... kaboom.
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