Looks like Sirius XM is going out of business, ending all satellite radio coverage in the US. That was a pretty short lived (and expensive) technology, I'm glad I never got into it. I'd imagine truckers are going to suffer the most. They're going from 100's of channels of radio to scanning the dials trying to get a signal. http://blogs.computerworld.com/satelite_radio_the_end_is_near_0
I've used sirius in the past....i like it....hope it stays.....was about to re-sign up....obstacle is the wiring i need to put in my car. i'd listen to it all day in my car......
I'll blame the MP3 players. Ever since I hooked my ipod up to the car . . . I barely listen to The Game these days.
You guys don't have a clue. Bankruptcy is all about restructuring. There's a big company that has just bought $300 million in Sirius/XM debt, and they may take the company over and run it. You think they're just going to let those mega-expensive satellites float around up in space without being used?
I don't know much about bankruptcy . . . does this big company have to take on Sirius/XM's 3.4 billion dollar debt or is that all erased?
Seems like Sirius would be one of the first thing consumers stop spending money on as times get tight. So I hope the new owners have deep pockets. barfo
I agree that there is too much capital that exists with the satellites, not to mention all of the people that already own receivers and have contracts. They won't go out of business super fast. At the very least someone will come in and buy up the company at a cut rate and continue to run the operations. I do think they might need to cut back on the payroll for people like Howard Stern though. But I imagine there are a decent amount of people that would like to have the service that it will exist for a while in one form or another.
Wow anger and incorrectness all in one. Please read the article. They can't make money, their business model has been replaced by cheaper technology which they cannot compete with. No the satellites won't be wasted. They'll be leased out or sold, but they won't be playing radio. Bankruptcy is all about restructuring? Tell that to Circuit City and the hundreds of other franchises that "restructured" this year.
Again, you have no clue. They ARE making money. In fact, their subscriber base has been growing every quarter for several years now. About 20 million people subscribe to satellite radio. The problem is, they have a huge amount of debt, due to the enormous contracts they signed with Howard Stern, Major League Baseball, etc. Not to mention the costs of putting their satellites into orbit. While it's true that you can listen to music on other, cheaper technologies, you can't listen to NBA games, NFL games, MLB, NASCAR, Howard Stern, etc., etc. on an I-Pod. That's where Sirius/XM has an advantage.
Well, I've provided a link from a reputable industry journalist. All you've provided is a condescending attitude. Sure you can. The technology is there, the contracts aren't. They will be.
It seems like every thread in the Blazer's forum turns into some heated debate... And it's always between the same people - Strange.
