Congratulations, XM Satellite Radio
No, don't come up to give a speech. It's really just Bob Dylan who was honored with a Pulitzer earlier this month, but kudos to you as the home for Dylan's popular Theme Time Radio Hour show.
Dylan's "Special Citation" Pulitzer is an honorary one, unlike the annual award for music that typically goes to a classical music composer. Rock and Pulitzers go together about as well as mudslides and white linen tablecloths.
However, I'd like to think that a wee sliver of Dylan's recognition is thanks to the renewed interest in the rocking wordsmith that's stemmed from his XM's show runaway success. Obviously his catalog of songs is his crowning achievement, but XM has helped give Dylan exposure these days with his music show that devotes different installments to specific themes.
In a nutshell, this is why I dismiss the bearish knocks on satellite radio. Are there a growing number of alternatives to XM and Sirius Satellite Radio
Terrestrial-radio heavyweights like CBS
So you have to think XM and Sirius will be able to keep putting on head-turning content like Dylan's trendsetting show. As for Dylan's Pulitzer, I'm sure XM will find ways to ride the coattails of recognition to further market its radio service.
So congrats to Dylan, even as the XM executives drink his wine.
For recent XM stories on its long courtship with Sirius:
Longtime Fool contributor Rick Munarriz is such a big satellite radio fan that he subscribes to both XM and Sirius. He does not own shares in any of the companies in this story. He is also a member of the Rule Breakers analytical team, seeking out the next great growth stock early in its defiance. The Fool has a disclosure policy.