http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png http://gawker.com/tag/valleywag/siriusxm http://gawker.com/tag/valleywag/siriusxm Sirius XM Radio's third quarter results are in: a stupefying $4.88 billion loss. The biggest chunk of that is an impairment charge due to a drop in stock price. Slow auto sales have reduced the number of new customers. This is worse news for me than AAPL taking a dive — I'm not a shareholder, but XM Highway 16 is one of Valleywag's raw ingredients. If satellite radio dies, it'll be like those dark years when the government barred Detroit from building convertibles.

]]> http://gawker.com/index.php?op=postcommentfeed&postId=5083385&view=rss&microfeed=true The holding company for North America's recently merged satellite-radio networks promises "synergy" from the merger in 2009. But today, the company is short of cash to pay upcoming debts, and is looking into bank financing — which is scarce, given the credit crunch. The radio business is different from the Web: Sirius XM only expects to grow its 20 million customer base around 10 percent next year, but that's way more than Clear Channel and other maxed-out FM broadcasters can hope to add.

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