XM-AOL: We got Tunes

Looks like there is more music coming our way on the web. AOL and XM Satellite Radio just announced a deal where AOL will stream 200CD-quality XM radio channels over the web, for a monthly fee of $5 a month. 150 Lower bit-rate channels will be available to web users for free. Another sign that the terrestrial radio is getting a bloody nose – they are losing out on the distribution mediums of the 21st century – wireless, satellite and broadband. AOL, has a lot of work to do before its makeover is complete, but most of its recent attempts – VoIP service, and now this music deal – show that it is desperately trying to monetize its community of users. Given the subscriber loss, they better hurry up!