[ryangripp]

+SiriusXM plays "commercials" on channels where clearchannel has an interest (KISS, etc.) Clear channel was an early investor in XM to insulate them from the threat of satellite radio vs FM networks (which they own a large share of)

+Streaming networks like Pandora and Spotify actually pay more per stream then SiriusXM does because satellite radio pays the Terrestrial (FM/AM) radio rates.

+The Math on this is confusing because a Terrestrial (FM/AM) station might pay $50 royalty to play a song but 200,000 people listened to it when it was broadcast.