GO
Loading...

Enter multiple symbols separated by commas

XM And Sirius: Listeners Tuning Them Out?

Shares of the America's largest satellite operators were taking a tumble today. This is fueling new rumors about an inevitable merger between Sirius Satellite and XM Satellite--as the industry faces an onslaught of competition from Wi-fi devices to digital music players.

Sirius stocks were down 31 cents at one point to $3.87 a share, and XM stocks were down 27 cents to $14.36 a share.

Sarah McBride is a reporter for The Wall Street Journal. She told CNBC's Sue Herera on "Power Lunch" that these companies might have over estimated the market for satellite radio. She also said it's too early to tell if there's enough business for them both. She cited that gift certificates are not being bought as much as before--because the recipient does have to pay the monthly subscription bill.

Symbol
Price
 
Change
%Change
SIRI
---

Contact Power Lunch

  • Showtimes

    United States
    Monday - Friday 1PM-3P ET

Power Pitch

  • Alan Knuckman uses bone-in chicken thighs for his healthier version of the “rib”

    This start-up says it's cooking up a healthier, convenient version of barbecue ribs.

  • Parche takes your keys and takes care of parking your car

    Parche founder Christian Peneff pitches his valet start-up in 60 seconds. Will the panel get behind the wheel?

  • Female Running with AMPY charger

    AMPY co-founders Alex Smith and Tejas Shastry pitch their start-up to a panel of experts on CNBC.