Wal-Mart Cuts Sirius’s Throat

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By Douglas A. McIntyre Published
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It is hard to believe that the nation’s largest retailer could do much to hurt a satellite radio company. But, think again.

Wal-Mart (WMT) is going to be selling high-definition radios. As The Wall Street Journal points out the "radio industry is positioning HD radio as a free alternative to satellite radio".

Of course, without a big sales channel for high-definition receivers, the regular old radio guys would have trouble going after Sirius (SIRI) and XM (XMSR). That is where Wal-Mart comes in. The retailer even describes HD radios as something of a second coming:  "We want to offer incredible products at a great value; this is a perfect example."

Satellite radio already had enough problems.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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