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On February 9, 2006, XM Satellite announced a three-year, $55 million deal with Oprah Winfrey. The announcement stated that Oprah and Friends, a new channel

On February 9, 2006, XM Satellite announced a three-year, $55 million deal with Oprah Winfrey. The announcement stated that Oprah and Friends, a new channel on XM, would begin broadcasting in September 2006. What was the change in XMs market value from January 30, 2006 through February 10, 2006? Does the $55 million investment appear to have been a good idea?

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