Originally posted by anarchist:
someone told me that clear channel programs xm.
Someone is wrong. There is so much disinformation out there. Clear channel supplies a very small amount of XM programming, for a limited time. these companies hate each other.
Back in ye olden days, circa 1998, clear channel was an early investor in XM. in exchange for their investment they got to supply programming for about 10% of XM's bandwidth, some of which would be talk, and some music channels with limited commercials. The agreement would expire if and when clear channel divested itself of xm.
It was clear that the companies were really competitors, not partners, but them's the breaks and XM had to suck it up.
In mid 2003, clear channel entered into a "forward sale" agreement of its XM shares with its bankers. They delivered the shares for sale, and got a guaranteed stream of $$$.
XM considered clear channel to have sold out, kicked clear channel off the XM board of directors, and as part of going 100% commercial free on the music channels, stopped taking ads on the music channels desired by clear channel.
clear channel sued and, incredibly, won. XM doesn't have to let clear channel back in the boardroom, but they have to take the clear channel content, with ads, until the forward sale ends.
luckily, at about the same time, XM had another technology upgrade, so they could make more efficient use of their bandwidth. XM added additional music channels, including copycats of the four --FOUR -- clear channel music channels, so they can still maintain they have the most commercial free music channels in satellite radio -- 69. In other worse, clear channel provides a whopping 4 out of 73 music channels on XM (mix, kiss, sunny, and nashville).