With its shares of stock worth little more than a dime, Sirius XM will reportedly impose a rate increase on March 11th. The company will seek an extra $2 per additional subscription per user, plus charge $2.99 to stream Sirius XM online. Via RollingStone.com
Not good… Sirius should be removing walls between themselves and the audience and will drive the consumers away. This is a prime example of Sirius acting upon old media rules. Sirius has so much competition that costs nothing, that they are fighting a lost cause. To make things worse, the best of Sirius programming is widely distributed on the internet for free anyway.