Will Sirius XM go bankrupt in 09

Discussion in 'SiriusXM Soundwave Cafe' started by Jleimer, Dec 17, 2008.

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Will Sirius XM go bankrupt in 09

Poll closed Jan 16, 2009.
  1. Yes

    33 vote(s)
    34.4%
  2. No

    63 vote(s)
    65.6%
  1. Foreigners cannot own broadcast media in the United States.
     
  2. hexagram

    hexagram Medicinal & Recreational.

    People without jobs dont buy radio. They listen to FM. As more and more americans lose their jobs they will not buy radio or they will cancel their subscriptions.

    Go back and read my response to #4 and #11.

    One artist channels are paid for by the artist. Think about it. Thats great exposure for the artist. So they pay Sirius to have a channel all to themselves.

    Right, but they can always dedicate ONE (or even two) channels for this purpose. Rotate them out weekly, monthly, or whenever needed. Then give the channel a name that people will always recognize as a single artist channel, such as "Artist Spotlight 1" (and "Artist Spotlight 2" if absolutely necessary). You would still save bandwidth for more diverse content to the lineup while satisfying those that would enjoy hearing a non-stop station of their favorite artist for a week.
     
  3. DAB

    DAB Mod Emeritus

    This is not necessarily true in my opinion. I think many will look at their budgets and how they are spending their money. So, they will decide instead of going to the movies and out ot eat, they'd rather have sat radio as it will offer them more value overall. Sat Radio is about 43 cents per day, you could simply not get a cup of coffee on your way to work on that cold drink at lunch and pay for it. Even if you have an iPod you'd end up spending more than $12.95 per month to keep it loaded with fresh music.

    I think it is a matter of people look at what gives them more bang for their limited funds. Many will draw unemployment so they won't be totally without any income, but the income will be limited. People will just set priorities in their spending and when you look at sat version many other entertainment venues it really is a great value by comparsion.

    It is my opinion that sat radio will not fail and I suspect they will get the funding to pay their upcoming debts. If they can get through 2009, I think sat radio will have smooth sailing from that point on.
     
  4. hexagram

    hexagram Medicinal & Recreational.

    DAB, my comments are in bold, You're quoting Tgajr's comments.

    Just clarifying. :)

    As I said previously,

     
  5. DAB

    DAB Mod Emeritus

    Ahh.. sorry for the mix up, thanks for clarifying! LOL
     
  6. Brad Bishop

    Brad Bishop Member

    I think malls, in general, lost their edge with men. As a guy, I want to park outside a store, go in, get what I need, and get out. I have no interest in window shopping or strolling around inside a mall. For the most part malls are shoes, jewelry, clothing, and odd things like candles. They'll have an odd crappy-gadgets store like Radio Shack, Brookstone, or Sharper Image (I think they're out of business now) but malls are for women. I think that's why Best Buy and Home Depot do so well. You can park, get in, get your stuff, and get out.

    The last thing I read about Sears was that, in general, it wasn't doing well. He had a lot of money in the bank but the stores themselves weren't all that profitable.

    Anyway, it's always interested me how companies can rise to the top and then fall.
     
  7. jamesp717

    jamesp717 Member

    Originally Posted by h3xagram
    People without jobs dont buy radio. They listen to FM. As more and more americans lose their jobs they will not buy radio or they will cancel their subscriptions.


    Good points DAB and as a big fan & investor in Sat Rad I hope they survive.

    I agree that movies and dining out will be sacrificed in a recession as cost savers, but that guy without a job giving up his coffee on the way to work or denying himself a cold drink at lunch, I have to question those.

    Anyway here is to many years of listening to Sat Rad and to profits somewhere down the pike.
     
  8. blynch87

    blynch87 New Member

    Nope..... They have to grab some of that Tarp Money thats floating around!!!:roflmao:
     
  9. Bandit 5160

    Bandit 5160 Member

    I simply don't or can't believe that well EVER turn on our radios are simply see NO SIGNAL on every channel. The company may (and probably will) file for bankruptcy at some point, but they'll find a way to stay on the air.
     
  10. DAB

    DAB Mod Emeritus

    Question away, but when money is tight and you have to make hard choices, you don't think there are people that give up a drink at lunch or pass on their usual morning cup of coffee. I know people that are doing that already. I went to lunch with a buddy of mine just this passed week. He got water with his meal. I found it rather odd so I said, wow you aren't getting your usual diet coke. He said no the wife and I decided as one of the ways we would cut back was to get water with their meals, though they had all but cut out eating out except for lunch occasionally. It adds anywhere from $1.50 to $2.00 to your meal. Add that up over a week or a month and you end up with some coins. Makes perfect sense for someone on a tight budget or if you are only getting unemployement because you lost your job.

    Now there are those I am sure that if they have no money coming in will be forced to cancel totally, but most that get layed off will get unemployment and will still have some income. If you lived in a situation where you spent every dime you made, you are likely in trouble regardless of cutting back or not and will likely lose a lot more than just your sat radio subscription.

    If you have no job you aren't going to be stopping by getting a cup of coffee on your way to work, because you don't have to go to work! But people don't stop living because they don't have a job, they just have to figure out how they are going to survive and stretch the money they do have coming in or spending their emergency funds or savings.
     
  11. kryptonite

    kryptonite Well-Known Member

    I've done the math, and ISTM that Howard has certainly brought enough people to pay off his contract.

    Apparently XM offered first, but then they went back and discussed various things, and in that time, Sirius came in with a better deal and Howard signed.

    Hasn't Mel said that he'd rather have talent be satellite exclusive? If I can get Howard on podcast, why should I have Sirius, unless it's two seperate shows?

    The two channels are fine. During a break, i'll switch over to the West Coast Feed... having the exact same show run on two different channels is good stuff. If you've already heard something, flip it over to the other one.

    Having two channels allows 100 to be Howard 24/7 and the other to have the various other shows. In order to get rid of 101, you'd have to put Bubba elsewhere on the dial (Sirius Stars? Too? Do they even HAVE holes in the lineup?) You'd also have to find a spot for Ferrall elsewhere. Buying out the contracts would be too costly with paying money to do so, and then losing the subscribers.
     
  12. Undertaker

    Undertaker New Member

    No, but there may be some rough times ahead. I think they will be up to the challenge
     
  13. Tgajr

    Tgajr Member

    Stern was only part of the mistake

    Offering him too much money for part time work was part of the problem.

    Offering Oprah and Martha Stewart ANY money was a complete disaster.

    NOT ONE PERSON SIGNED UP FOR THESE TWO
     
  14. Supafly

    Supafly Member

    10 things that won't survive the recession

    Sirius is number 10 on the list.
    Link

     
    Last edited: Dec 29, 2008
  15. Jleimer

    Jleimer Active Member

  16. Bandit 5160

    Bandit 5160 Member

    Seeing stuff like this really depresses me. :( All I can do is hope they are wrong.
     
  17. Jleimer

    Jleimer Active Member

    I am one of those people that hopes there wrong , but just is not sure what is going to happen because in this economic climate anything could happen. I would also add that the advent of internet radio in the car via the Iphone and the Slacker players are going to take some of the potential subscribers away from Sirius XM in my view.:eek:
     
  18. limegrass69

    limegrass69 Confused

    Maybe he should add an 11th..."Jerk-off's who print meaningless end of the year countdowns" :p
     
  19. Steel Cranium

    Steel Cranium Well-Known Member

    Yep. One of Obama's "wishes" for the coming years is wi-fi everywhere. Would be interesting to see how the FCC handles that since it's non-subscriber based content going over the airwaves. Chap-11 by the end of year, if not by the end of March. Fortuntely, clear channel is having problems or else they would buy it.
     
  20. GoodDog

    GoodDog Well-Known Member

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