XM Radio had a big shakeup announced in their SEC filings yesterday as Pierce Roberts Jr, a director with the company, announced he was leaving the company due to a disagreement with the board over strategic direction. In and of itself this wouldn't be a newsmaker, but it became public that Roberts felt a crisis was looming: “Given current course and speed there is, in my view, a significant chance of a crisis on the horizon,” Roberts wrote. “Even absent a crisis, I believe that XM will inevitably serve its shareholders poorly without major changes now.”. Shares fell, analysts analyzed, and the question on everyone's lips is whether satellite radio can generate enough revenue to sustain it's growth. XM CEO Hugh Panero doesn't seem worried: he expects XM to reach profitability from its operations by the end of this year, with subscription revenues reaching $860 million. He also said he expects to have 9 million subscribers by the end of the year. Okay then. ...read full story