If Merger Fails, Might Howard Stern Bolt?
Who would have thought that a wardrobe malfunction on prime time television could forever alter the course of radio? Janet Jackson’s bared breast at the halftime show during the 2004 Super Bowl — which a court is presently hearing — brought about the FCC’s zero tolerance policy, which, in turn, led to Howard Stern boldly going the censorship-free route of Sirius satellite radio.
Fast forward several years. The two satellite radio companies — Sirius and XM — are both hemorrhaging cash and decide to no longer fight but merge.
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