mikeinnj Posted February 11, 2009 Report Share Posted February 11, 2009 http://www.engadget.com/2009/02/10/report-sirius-xm-preparing-to-file-for-bankruptcy/ This is bad news. I hope they get bought out by Echostar, but I doubt it in this economic climate. It will suck not having an alternative to Terrestrial radio when it comes to new music. Will have to stick to iPod when/if satellite radio is no more. The quality of programming both content (yammering DJs) and sound quality have dropped significantly for me since the merger, but still will miss it when gone. Quote Link to post Share on other sites
CamelTowing Posted February 11, 2009 Report Share Posted February 11, 2009 Quote Link to post Share on other sites
s1xsp33d Posted February 11, 2009 Report Share Posted February 11, 2009 i wonder how much longer they will keep the programming running. Quote Link to post Share on other sites
S4 Posted February 11, 2009 Report Share Posted February 11, 2009 From my experience XM had the worst customer service I have ever experienced. If you don't like mainstream music there is nothing for you in their programming either. Quote Link to post Share on other sites
CamelTowing Posted February 11, 2009 Report Share Posted February 11, 2009 Guess we can hope that someone else buys them while they are in bankruptcy and keeps the service alive. Lots of talk about this guy from Dish Network wanting them Quote Link to post Share on other sites
mikeinnj Posted February 11, 2009 Author Report Share Posted February 11, 2009 Hopefully then the management can be changed up and get rid of the terrestrial-radio owning screwheads from Sirius. Then maybe we can get rid of the blathering DJs and get rid of some of the Artist only channels to free up bandwidth for better SQ across the board. I'm still pissed about the loss of the Fine Tuning channel, found it just weeks before it went off the air. Quote Link to post Share on other sites
s1xsp33d Posted February 11, 2009 Report Share Posted February 11, 2009 whoa whoa fine tuning channel? details! also, i have noticed that my reception blows most of the time, going to marginal just from going under trees, and sometimes for no reason at all in a clear sky. any ideas? i just have the 10xmt and the stock antenna on my dash. Quote Link to post Share on other sites
LawVol Posted February 11, 2009 Report Share Posted February 11, 2009 the NYT article talks of a Ch. 11 reorganization rather than a Ch 7 liquidation, so I don't think the service is going to go away. That's absolutely unreal that Howard Stern costs them $100m year, though. Quote Link to post Share on other sites
mikeinnj Posted February 11, 2009 Author Report Share Posted February 11, 2009 whoa whoa fine tuning channel? details! Sorry to excite. I meant that I miss the channel "Fine Tuning" the got taken off when XM and Sirius merged music channels a couple months back. There was/is no new channel to replace it. I WISH they would would bring back FT or atleast a suitable replacement. Also, yeah, it is BS with Stern sucking $100 mil out of the company each year. That however supposedly covers not just stern but everyone involved with the broadcast. BTW, not a Stern fan here, so for all I care they got rid of him. What the company needs to do is get rid of the damn DJs blathering all over my music channels. I don't mind a few seconds of talk, but sometimes these people are yakking for minutes on end and it feels like FM. They really need to make the music channels more like that of the Music Choice channels on cable/DTV where its just pure streaming music 24/7. Oh well. Quote Link to post Share on other sites
s1xsp33d Posted February 11, 2009 Report Share Posted February 11, 2009 then again they are in debt, so not too bright. Quote Link to post Share on other sites
S4 Posted February 11, 2009 Report Share Posted February 11, 2009 That's where iPhone 3G and Pandora come in to play Quote Link to post Share on other sites
CamelTowing Posted February 12, 2009 Report Share Posted February 12, 2009 Stern is rumored to make a salary of around $10 mil per year plus his stock bonuses. The rest of that $100 mil/year goes to pay everyone else on the show, production costs for his and all the other shows on 100/101, etc. Worth it if you ask me. Its not his fault the company got screwed by the SEC and its leadership overspent on trying to aquire subscribers Quote Link to post Share on other sites
vwboy308 Posted March 1, 2009 Report Share Posted March 1, 2009 the NYT article talks of a Ch. 11 reorganization rather than a Ch 7 liquidation, so I don't think the service is going to go away. That's absolutely unreal that Howard Stern costs them $100m year, though. Yeah that was what happen to circuit city. file chap 11 and 2 months later they started to liquidate. Quote Link to post Share on other sites
CaptainInsaneO Posted March 12, 2009 Report Share Posted March 12, 2009 As an update to this, they were "bailed out" by Liberty Media Corp. just recently. Should save them from bankruptcy for another few years. Now, they need to worry about getting delisted from the NASDAQ. In order to avoid that, they will need to get their share price above $1. No easy task when they are currently sitting at $.16. They also recently reported "pro forma" numbers for 2007 (they are reporting post-merger subs and income numbers as if they were pre and post-merger) that were better than forecast. It's very exciting to see where this company goes from here. Mr. Karmazin definitely needs to change the company's focus to better hardware, better customer service, and PR issues (when's the last time you saw a commercial for SatRad?) You can listen to the conference call concerning their most recent SEC filing (if you're interested) today the 12th at 0800 ET at http://investor.sirius.com or on Sirius Channel 126 or XM Channel 90. As a disclaimer, I do own stock in SiriusXM. Quote Link to post Share on other sites
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.