Sirius XM Radio Inc (SIRI) Battles To Keep Royalties Low

Sirius XM Radio Inc (NASDAQ:SIRI) has had a good year. The firm’s stock price has risen by more than 50% in the last twelve months and currently stands at $2.80 on improving metrics in the sector, and the increasing prominence of Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB) in the firm’s decision making. One stumbling block for the company, outlined today in a report from Barclays PLC (LON:BARC) (NYSE:BCS) Equity Research, is the upcoming setting of royalties the company must pay on the music it streams. Current royalty rates have been set since 2007. The upcoming rates will kick in in January…