Audible: lose one, win one

Shares of Audible.com, provider of audio books, took a plunge Friday when partner Amazon.com decided to enter the market on its own.
Today the Wall Street Journal (subscription) and Paidcontent.org report an upcoming deal with XM Satellite Radio:

• Audible content on a dedicated XM channel (podcasting of sorts)
• XM programming available on Audible.com
• XM to introduce a new radio with expanded storage