I think Sat Radio would have long ago failed if it has not been for Mel. When Mel came to work in this industry he gave it great credibility. Love him, Hate him it doesn't matter that is a fact.
If anyone can save this thing I think it is Mel. I read the stuff people type about him all the time, most of it is just whinny pissy crap because they aren't happy because their favorite channel was taken away. Well I am sorry but hard decisions had to and will continue to be made. We either go for the ride in hopes that it will stabilize and get better or we jump off and move on to what we feel suits our lives better over sat radio. I for one continue to support sat radio and Mel.
Mel indeed inherited a lot of very, very, very poor decisions by Clayton and his crew of consultants. Mel himself as much as he likes Stern said he would not have paid Stern those kinds of bucks. But the deal was done and he had to make the best of it. Most of those deals were already done when Mel came on board. Just like video, Mel I can tell you is not a fan of backseat video, but again contracts were signed, promises were made, he couldn't just drop it. Many said this company wouldn't last a year, then the next year it was said they wouldn't last much longer. Mel comes along and now Sat Radio has been kicking for 8 years now. Still hasn't made a freaking dime because of all the poor decisions made by both companies early on.
The other part of this Mel gets the merger done, it was necessary rather we want to believe that or not, it was. No one could foresee that gas prices were going to sky rocket and that car sales were going to hit an all time low, that eventually the economy as a whole was going to go into the toilet. Mel expected he would get investors or would be able to refinance or get additional loans to keep things going. But with things the way they are they may not be able to get loans or refinance the huge debt they have. I don't see this as being Mel's fault. I think if anyone can work out loans and or file for protection and keep this company going. Sirius XM has the very best man for the job already on board.
All this whining and crying about loss of channels, I understand that, but none of that really matters if this company doesn't stay in business. If folks are so darn displeased that they simply can't get beyond this and see no value in sat radio beyond these channels that were loss, then by all means cancel. I am just hopeful that there simply aren't enough of you that it is going to make much difference in the long term. Most of you will be back, because we want to think about Slacker, iPods and other avenues as being as good or equal to sat radio. But the fact is, it's just not (my opinion of course).
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