Creative Destruction: Satellite Radio Edition

Sirius-XM appears poised on the brink of bankruptcy this morning, which should come as a surprise to no one and will present an opportunity for some.  The economics of the business were off from the start: it relied on expensive satellite technology governed by a morass of regulation, it had a costly top-down content model but, most critically, it entered the market just as its foundation were undergoing a tectonic shift.

In short, less people are listening to radio overall and the majority of those that are, are doing so at homes and in offices equipped with broadband Internet technology that offers an infinite selection of channels for free.  Gary Kim has a thoughtful pre-mortem in today's TMCnet which follows the satellite industry.

Now, it appears satellite radio's one and only stronghold, car listening, may soon fall, as car makers introduce in-vehicle wifi.  The promise of wi-fi has underdelivered thus far, having been tangled in competing standards and limited access to the radio spectrum.  But with new frquencies on the analog spectrum set to open up next week, we may be moving toward a new burst of innovation. Those who want to bet on the next big thing should take note and seriously study up....

Why a federal judge ordered White House to restore Jim Acosta's press badge

A federal judge ruled that the Trump administration likely violated the reporter's Fifth Amendment rights when it stripped his press credentials earlier this month.

WASHINGTON, DC - NOVEMBER 16: CNN chief White House correspondent Jim Acosta (R) returns to the White House with CNN Washington bureau chief Sam Feist after Federal judge Timothy J. Kelly ordered the White House to reinstate his press pass November 16, 2018 in Washington, DC. CNN has filed a lawsuit against the White House after Acosta's press pass was revoked after a dispute involving a news conference last week. (Photo by Alex Wong/Getty Images)
Politics & Current Affairs
  • Acosta will be allowed to return to the White House on Friday.
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Protected animals are feared to be headed for the black market.

Politics & Current Affairs
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New research identifies an unexpected source for some of earth's water.

Surprising Science
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