Slowing auto sales hurt satellite radio

November 7, 2008 3:25:14 PM PST
Slowing auto sales are having a negative impact on satellite radio. Sirius XM Radio says plummeting auto sales hurt its sales this year and is expected to limit its growth next year.

Sirius XM Radio expects to end the year with just over 19 million subscribers and to only gain another 1 million subscribers next year.