Over the years all the talk about Sirius is about going into or competing with the money losing streaming services. Pandora, Spotify Slacker, the list never ends. What about the music play that actually is growing cash flow every year with great EBITDA margins? What about live music that doesn't compete with the internet? What about the content and cross promotional synergies between Sirius and Live Nation?
Obviously Liberty has chosen to invest in 2 music related plays - Sirius and Live Nation and neither follow the internet radio business model. Maybe one day they will come together. Everybody wants Sirius to grow in the music streaming business. How about growing in a profitable music business - Live Nation?
May be slower growing than Sirius EBITDA growth rates but certainly no comparison to the cash flow bleeding streamers.