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Sirius (SIRI): Another 52-Week Low

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By Douglas A. McIntyre Published
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Sirius Satellite Radio (SIRI) hit another 52-week low today at $2.66, down from its 52-week high of $4.84.

There could be several reasons, but the most likely is popular radio team Opie and Anthony were suspended from XM (XMSR) for 30 days. Lewd remarks and all.

The incident raises two thorny issues. The satellite radio companies managements are holding their breaths while the FCC and Congress look at the deal. Morals issues are bound to play a part in how the merger is viewed. Even Howard Stern could run into issues at Sirius if the company thinks he is hurting the chances of the deal.

But, customers go to satellite radio for programming that is not allowed on over-the-air radio. Stern is the prime example. It Stern and his bawdy friends are pushed off the satellite waves, subscriber growth could plateau or even fall.

Douglas A. McIntyre

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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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