Get tingly, jazz fans. Sirius XM Radio
Enjoy it while it lasts, though. It's a temporary tribute that will be available on both Sirius and XM from Friday afternoon through Nov. 25.
Sirius XM enjoys brandishing its flexibility. Whether it's reacting quickly to Michael Jackson's death or a Monty Python milestone, the broadcaster doesn't rest on the laurels of being the only satellite radio in town. It may have cut corners when it consolidated some of its programming a year ago, but now that subscribers are footing the bill for additional music royalty fees, the expectations run high.
To be fair, some of the sting behind the nearly $2 monthly music fee can be offset by the platform's viability. There is no longer a whole lot of risk in renewing a long-term subscription. Between this past quarter's breakeven results and an S&P credit upgrade, Sirius XM isn't going away anytime soon. Many of Sirius XM's ambassadors are doing well, spearheaded by recent successes at Ford
Nasdaq listing requirements may force Sirius XM into a reverse split if its stock price doesn't top $1 over the next few months, but the satellite radio star is wiggling its way off the exchange's naughty list.
Three hours before it made the announcement yesterday about Miles Davis Radio, Sirius XM said it's in compliance with Nasdaq rules governing independent directors and audit committees.
This isn't going to be enough to give the stock the better-than- 50% pop it needs to break the buck, but this company seems to be reporting a lot more good news than bad these days, so it may just find a way to nickel-and-dime its way there.
What will it take for Sirius XM to go back over a buck? Share your thoughts in the comments box below.
