I just have to laugh about all this talk of iPods and internet radio replacing satellite radio.
If anything were to get replaced, wouldn't it be television? Haven't they been saying the internet would kill TV for a long time? Think about it--TV is stationary. It requires a monitor and a cable coming from the wall. The internet should have already replaced television as a content medium.
Thing is, while it's technically possible, it's not practical yet. When Bubba can buy it at Wal-Mart and hook it up in the trailer, then it's a threat.
So, having said that, consider satellite radio--a totally mobile technology. If we can't replace Bubba's cable TV with the Internet, how in the hell do we expect to beam broadband into moving cars on the highway? Where the hell is that technology?
I call bullshit!
Satellite's problem is expensive content, not the delivery medium. Both companies overspent to beat each other, and here we are, stuck with each other's debts.
I don't care what others think of Mel, I must say that I respect the man and the work he has done for Satellite Radio. Him showing his confidence makes me feel confident about the future of Satellite Radio under his control.