NAB “Rave” Newsletter Slams Pay Radio

In its newsletter “Rave” NAB slams the satcasters XM Satellite Radio and Sirius Satellite Radio as having “mountains of debt,” stock volatility and high subscriber churn rates.
It quotes Deutsche Bank analyst Drew Marcus as saying pay radio will have limited impact on over-the-air radio, noting that “even if satellite radio penetrated 20% of vehicles, broadcast radio would only lose 4% of its revenues.”
The Wall Street Journal recently ran an opinion piece with the title, “Overspending on Stern, NFL Plus Too-Optimistic Assumptions Look Like Recipe for a Flameout.”