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!
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