XM In Trouble?

DC-based XM Radio may be in a pile of trouble, after Federal Regulators were called in to check to see whether or not the company has violated laws concerning billing and marketing. Worse still, the company also put out its earnings statements for the first quarter. Did I say earnings? I meant losses. XM is out $150 Million for the 1st quarter, though subscribers are up.

What does this mean for XM? A beating at the stock market, for sure. Stock is trading at 20.31, 8% below opening, 1 hour ago, which is near a 52 week low. Ouch, XM. Ouch. Time to pull it together.

This post appeared in its original form at DC Metblogs