3 Media Stocks in Focus: Sirius Faces a Lawsuit, Disney’s NASCAR Woes, and Time Warner Cable App Hits Xbox

Sirius XM Radio Inc. (NASDAQ:SIRI): A lawsuit has been brought against Sirius XM by SoundExchange, which claims that it was “systematically” underpaid for licensing music for the satellite radio service. SoundExchange is looking for a $50 million payout from Sirius and says that the latter in particular reduced by 10 percent to 15 percent the gross revenues it reports to calculate the royalties because that corresponded with performances of pre-1972 recordings.

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