As a Car Company, Sirius XM may have had a bad year revenue wise. Nevertheless, the Radio side to the organisation is looking forward to releasing a music streaming application in the second quarter of 09.

During a conference call that discussing the forth quarter loss of more than $245 million, Sirius XM executives CFO David Frear, CEO Mel Karmazin and operations and sales chief Jim Meyer all made references to the upcoming iPhone application. The app will stream music through the Sirius Xm’s satellite radio service over WiFi or cellular data networks.

The app too has sparked thoughts that Sirius XM might be looking towards an Internet based radio service. At this point, the cost of, availability, time frame and access to the app is not clear. Again, thoughts lean towards the service being bundled in with subscriptions. My decision will all depend on whether the tunes are any good…

[via IntoMobile]