XM Satellite Radio announced a revamped lineup today after merging recently with Sirius, and one of the Sirius channels that is now available on XM is Jimmy Buffett’s Radio Margaritaville! Starting today, XM subscribers can hear Radio Margaritaville on channel 55. Sirius subscribers can still hear RM on channel 31.

View the new channel lineup for XM here.

Radio Margaritaville joined Sirius in 2005 after several years of being offered solely online. It features music by Jimmy Buffett, James Taylor, Little Feat, Bob Marley, Bonnie Raitt, Van Morrison, The Beach Boys, Harry Belafonte, The Eagles and many more.

Get XM or Sirius today!

Put your creative hat on ’cause it’s time for another Buffett Caption Contest!

Make up your own caption for the image below and post it in the Comments Section. We’ll choose a few of the best and put them in a poll in a few days for everyone to vote on their favorite.

On Saturday afternoon, Jimmy Buffett and the Coral Reefer Band played an intimate show in front of 500-600 people at the Mohegan Sun Casino for the opening of the newest Margaritaville Cafe.

View the set list from the show here.

Did you attend the show? Post your comments on our forum.

Update – LiveDaily has a review of the show here.

Jimmy Buffett and the Coral Reefer Band will perform a private show for about 600 people today at the new Margaritaville Cafe at the Mohegan Sun Casino in Uncasville, Connecticut. The guests include parrotheads, local VIP guests, and 40 radio winners.

The doors open at 4:00 pm ET and the show starts at 5:00 pm ET.

Radio Margaritaville will broadcast the show live on Sirius 31 and on the web at www.radiomargaritaville.com. Carson Cooper will be on with the pre-show at 3:30 pm ET.

The Condé Nast Portfolio has an article on Jimmy Buffett’s recession strategy:

Buffett, the king of easy living, is set to do well in this recession. He’s the first to tell you he sells escapism, allowing his audiences to forget their job insecurity, slumping home values, the market, and instead parachute into paradise for a little while.

I caught up with Buffett last week at Bette Midler’s annual Hulaween Ball. Donning a smoking jacket and pencil-thin mustache as the lady-lovin’ Continental made famous by Christopher Walken on Saturday Night Live, Buffett mused on the economy. In down times like these, with companies laying people off, it’s important for people to find and focus on their niche, he said.

Read the entire article here.