Shares of yet-to-merge satellite radio rivals Sirius and XM fell sharply Thursday after Goldman Sachs analyst Mark Wienkes issued a negative outlook for the companies. Demand for satellite radio is falling among younger audiences "in favor of MP3 players, streaming audio." Sunday, June 22, 2008
XM, Sirius Demand Is Diminishing Among Youth.
Shares of yet-to-merge satellite radio rivals Sirius and XM fell sharply Thursday after Goldman Sachs analyst Mark Wienkes issued a negative outlook for the companies. Demand for satellite radio is falling among younger audiences "in favor of MP3 players, streaming audio."
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