Sirius XM Radio Being Removed From NASDAQ: End of Online Radio

by RouteBot on September 22, 2009

sirius xm radioSIRIUS XM Radio Inc. (Nasdaq: SIRI) announced today that it received notice from the Nasdaq Stock Market on September 15, 2009 that its common stock had closed below $1.00 per share for 30 consecutive business days and is therefore not in compliance with the Nasdaq Marketplace Rules.

Most people have announced that this is the end of traditional online radio as we know it. Online radio is an area in which is probably behind most others in terms of innovation, but with Last.fm, Pandora and online music streaming services why listen to an online radio where I have no choice in what I listen too, compared to streaming where I get to choose what I listen too.

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