XM: ‘Management’s still got explaining to do’

The Washington Post today looks at some of the challenges facing DC-based XM Satellite Radio: “Trouble at two key business partners, product delays, and the impending arrival of Howard Stern on the airwaves of a competitor have combined to drive the stock of… [XM] down more than 20 percent over the past four weeks.”

The verdict? XM may be in for a few rough months, especially as Sirius launches a Howard Stern-related blitz, but the company–which currently has a dominant lead in subscribers–still leads the race and its deals with automakers will help it hold on.