Group claims Sirius XM bankruptcy plans "drafted and ready to file" - Orbitcast . Personally I am not too sure about this , but I think this guy is lying out of his ass potentially , but who knows.
Im not the most "business minded" person there is. So, I have to ask this stupid question; what would happen if they do file?
All contracts would be thrown out. I wonder what this will do to programing like Howard?
It would be irresponsible not to have drawn something up. They would probably file Chapter 11, which is reorganization, and not 7, which is liquidation. That would mean selling the satellites, etc.
I wouldn't be surprised to see Chapter 11 in the next six months. Throw out some of the high priced talent, keep some of the more listened-to cheaper names, lose some of the sports (likely keep MLB, lose at least NHL, maybe keep NFL and NBA, everything else maybe gone). Merge all channels (creating a duplicate service on both sides). Possibly see some plan to eliminate one set of technology to save long term before emerging from bankruptcy. Expect to see a changed company that tries to appeal across the board to Joe and Jane Sixpack more than to the diehards (those of us who subscribed before 2004) and maybe even see a price cut, or some type of advertising returning to channels to create revenue. Maybe even a two-tiered system, limited channels, all with limited ads, for $7.99 a month, all channels, with the additional ones ad-free and more nichey, for $12.99.
I'm no business major, but that would be my plan going forward. Mind you, I'm looking at this from a strictly try-to-make-a-profit-this-century perspective, as I no longer feel any passion or dedication to what was once XM. In fact, I quite enjoyed putting my Slacker sticker on my truck about a half hour ago. I think the fact my parents are in love with Slacker says a lot about how satrad alienated their listeners, and nobody I know in person has been happy with the changes.
I wouldn't be surprised to see Chapter 11 in the next six months. Throw out some of the high priced talent, keep some of the more listened-to cheaper names, lose some of the sports (likely keep MLB, lose at least NHL, maybe keep NFL and NBA, everything else maybe gone). Merge all channels (creating a duplicate service on both sides). Possibly see some plan to eliminate one set of technology to save long term before emerging from bankruptcy. Expect to see a changed company that tries to appeal across the board to Joe and Jane Sixpack more than to the diehards (those of us who subscribed before 2004) and maybe even see a price cut, or some type of advertising returning to channels to create revenue. Maybe even a two-tiered system, limited channels, all with limited ads, for $7.99 a month, all channels, with the additional ones ad-free and more nichey, for $12.99.
I'm no business major, but that would be my plan going forward. Mind you, I'm looking at this from a strictly try-to-make-a-profit-this-century perspective, as I no longer feel any passion or dedication to what was once XM. In fact, I quite enjoyed putting my Slacker sticker on my truck about a half hour ago. I think the fact my parents are in love with Slacker says a lot about how satrad alienated their listeners, and nobody I know in person has been happy with the changes.
Well you know I have turned lots and lots of people on to sat radio and this so called issue of people having a hard time installing, difficulty getting a signal honestly only applies to folks that are total idiots. None of the folks that I know ever had those difficulties and most of them did really nice clean installs. In regards to high priced equipment, last I checked no one is forced into buying the higher end equipment, they have tuners as cheap as $30, so that argument doesn't hold water.
This isn't to say that folks don't ever have equipment problems and that reception in homes doesn't take a bit of effort it most certainly does. I think the issue here lies more with lazy people than the service itself. This is afterall SATELLITE radio so yes you may need to get that antenna outside at home and instead of throwing the antenna under your seat or on your dash and then getting poor reception isn't a Sirius issue that is a end user issue. Fortunately it seems that most of the customers have enough since to do proper installs.
It is my opinion that what is hurting sat radio is all this debt and the perception that the industry will surely fail. Yet my Gauge which isn't anything but watching stock in stores such as Best Buy, Circuit City and Walmart indicate to me that radios are still being sold as are subscriptions.
The poor customer service is really more about the crappy outsourcing companies than Sirius itself. They really need to look at these companies they outsource too and make sure they are providing a better level of care.
I do feel if Sirius can get the money to get through this year with all this debt coming through, then they will be just fine. You naysayers, have been saying this shit about Sirius for 8 years now and they are still here.
Well you know I have turned lots and lots of people on to sat radio and this so called issue of people having a hard time installing, difficulty getting a signal honestly only applies to folks that are total idiots. None of the folks that I know ever had those difficulties and most of them did really nice clean installs. In regards to high priced equipment, last I checked no one is forced into buying the higher end equipment, they have tuners as cheap as $30, so that argument doesn't hold water.
This isn't to say that folks don't ever have equipment problems and that reception in homes doesn't take a bit of effort it most certainly does. I think the issue here lies more with lazy people than the service itself. This is afterall SATELLITE radio so yes you may need to get that antenna outside at home and instead of throwing the antenna under your seat or on your dash and then getting poor reception isn't a Sirius issue that is a end user issue. Fortunately it seems that most of the customers have enough since to do proper installs.
It is my opinion that what is hurting sat radio is all this debt and the perception that the industry will surely fail. Yet my Gauge which isn't anything but watching stock in stores such as Best Buy, Circuit City and Walmart indicate to me that radios are still being sold as are subscriptions.
The poor customer service is really more about the crappy outsourcing companies than Sirius itself. They really need to look at these companies they outsource too and make sure they are providing a better level of care.
I do feel if Sirius can get the money to get through this year with all this debt coming through, then they will be just fine. You naysayers, have been saying this shit about Sirius for 8 years now and they are still here.
Well you know I have turned lots and lots of people on to sat radio and this so called issue of people having a hard time installing, difficulty getting a signal honestly only applies to folks that are total idiots. None of the folks that I know ever had those difficulties and most of them did really nice clean installs. In regards to high priced equipment, last I checked no one is forced into buying the higher end equipment, they have tuners as cheap as $30, so that argument doesn't hold water.
This isn't to say that folks don't ever have equipment problems and that reception in homes doesn't take a bit of effort it most certainly does. I think the issue here lies more with lazy people than the service itself. This is afterall SATELLITE radio so yes you may need to get that antenna outside at home and instead of throwing the antenna under your seat or on your dash and then getting poor reception isn't a Sirius issue that is a end user issue. Fortunately it seems that most of the customers have enough since to do proper installs.
It is my opinion that what is hurting sat radio is all this debt and the perception that the industry will surely fail. Yet my Gauge which isn't anything but watching stock in stores such as Best Buy, Circuit City and Walmart indicate to me that radios are still being sold as are subscriptions.
The poor customer service is really more about the crappy outsourcing companies than Sirius itself. They really need to look at these companies they outsource too and make sure they are providing a better level of care.
I do feel if Sirius can get the money to get through this year with all this debt coming through, then they will be just fine. You naysayers, have been saying this shit about Sirius for 8 years now and they are still here.
All contracts would be thrown out. I wonder what this will do to programing like Howard, MLB, NFL, etc...?