The Washington Post’s Howard Kurtz writes:
The reason these two [satellite radio] companies have 13 million subscribers willing to cough up $12.95 a month for something we all grew up thinking should be free is that commercial radio has self-destructed. . . . Really, can you think of an industry (okay, maybe American automakers) that has frittered away such huge advantages and sent its customers scrambling for alternatives?
Update: Hugh Hewitt agrees: “Howard is writing about radio but his critique is really applicable to all old media companies”.