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XM Dogged By Bad News

After years of trading pretty much together, the two main satellite radio companies "appear ready to put some space between them," writes Peter Lauria in the New York Post. "Sirius Satellite Radio, lifted in large part by Howard Stern joining its ranks, has been hitting its subscriber-growth targets and doing everything right in the corner office, while rival XM Satellite Radio has been hit with a litany of negative issues," he says. Lauria notes that in May, Sirius' stock was down 5 percent versus a more than 21 percent swoon from XM. "We seem to be at the inflection point where more and more attention is being paid to Sirius and XM as individual companies," says The Carmel Group's Jimmy Schaeffler. Of course, Lauria continues, "Sirius has helped nurture that view among investors by countering the bad news from XM with positive announcements"--often within hours.

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