The cover story (by Scott Woolley) in the September issue of Forbes is really more about the National Association of Broadcasters than XM Radio.

“For decades the radio industry has crushed incipient competitors by wielding raw political muscle and arguments that are at once apocalyptic and apocryphal. Radio station owners, who formed the National Association of Broadcasters in 1923, have won laws and regulations that have banned, crippled or massively delayed every major new competitive technology since the first threat emerged in 1934: FM radio.”

What would radio be like if broadcasters put this much energy into doing better radio?