The last big thing

Remember satellite radio? How it was going to revolutionize radio as we know it, and kill off “terresterial” radio? Well, it still has to make a nickel of profit. The recent US merger of Sirius and XM allows for cost-cutting, but does anybody really want it? With the auto industry in decline, satellite’s major market, it confirms the caution that every new technology promises to be the best, killing all “old” competition, but the market always sorts it out.

New York Times, August 7 2008

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