XM / Sirius rated 1 of 15 Companies That Might Not Survive 2009

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Old 02-09-2009, 09:04 PM
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XM / Sirius rated 1 of 15 Companies That Might Not Survive 2009

A Yahoo article rated XM/ Sirius one of the top 15 companies to not survive 2009.
http://finance.yahoo.com/news/15-Com...-14279875.html

From the article -
"Sirius Satellite Radio. (SIRI - parent company; about 1,000 employees; stock down 96%). The music rocks, but satellite radio has yet to be profitable, and huge contracts for performers like Howard Stern are looking unsustainable. Sirius is one of two satellite-radio services owned by parent company Sirius XM, which was formed when Sirius and XM merged last year. So far, the merger hasn't generated the savings needed to make the company profitable, and Moody's thinks there's a "high likelihood" that Sirius will fail to repay or refinance its debt in 2009. One outcome could be a takeover, at distressed prices, by other firms active in the satellite business."

I was about to renew, but I'd be quite peeved if my service was cut off due to bankruptcy.
Old 02-09-2009, 10:06 PM
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Good. They fired my friend who is a sound engineer after they found out he was making too much. They didn't even offer a lower salary. This was 4 years ago and as an installer i had to install it but refused to listen to it. The first week i had my TL i disconnected the damn xm box and antenna so i wouldnt listen to it. Then i shaved the antenna completely to seal my deal. They advertise cd quality but it sounds like shit and they play the same stuff all day long. I don't like them if you couldn't tell.
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