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....
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.
- Acosta will be allowed to return to the White House on Friday.
- The judge described the ruling as narrow, and didn't rule one way or the other on violations of the First Amendment.
- The case is still open, and the administration may choose to appeal the ruling.
Protected animals are feared to be headed for the black market.
New research identifies an unexpected source for some of earth's water.
- A lot of Earth's water is asteroidal in origin, but some of it may come from dissolved solar nebula gas.
- Our planet hides majority of its water inside: two oceans in the mantle and 4–5 in the core.
- New reason to suspect that water is abundant throughout the universe.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.