The Wall Street Journal put Sirius/XM on its list of 10 companies it feels won't survive 2009. I hope they are wrong because I don't want to lose my Sirus radio. What the heck would take its place? What would happen to all of Sirius XM's assets such as satellites, repeaters etc.? Could someone buy them on the cheap and continue a new satellite radio system?
Wall Street Journal 2009 Death Watch List
- Thread starter siriusdude
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I do not know , but I would think someone like CC would take them and have a commericalized Sat Radio service , and you have to consider Internet Radio as a possible cause of Sirius XM's death because you can now take it in the car and listen to it wherever you go.
Is Sirius really in that kind of trouble? Or is the Journal just proclaiming "the sky is falling" in order to sell papers?
I don't claim to be anyone in the know, but I think with all the subscribers and all the units in cars, SiriusXM is going to be around past 2009. It may not continue as the same company that it is right now, but it will be around. That's just my thought...
I am truly concerned that when we ring in 2010, we will do so without satellite radio. Many business folks give it no chance of surviving 2009. I hope that SiriusXM will be willing to do anything it takes to stay on the air, because depite some little faults here and there, it is truly a great service. Personally, I think (and hope) that Mel has no plans of giving up any time soon! But February will be an anxious month for the world of Sirius-XM to be sure. I hope no Chapter 7 plans are on the table. Chapter 11 might actually can help the company survive.
From what I've read (granted from many different articles on the web over the past few months) SiriusXM has a 300 million dollar debt payment due in Feb. They may not be able to make that. If they file for bankruptcy it'll come down to whether or not they can get financing to restructure.
Sam
Sam
SIRIUS has it taken care of (the upcoming debt, that is). I wouldn't worry too much about satellite radio for 2009... But let's keep our fingers crossed just in case.
Right now it is just so unpredictible that I am not sure if Sat Radio will survive 09 , I hope it does , but if it doesnt I wouldnt be suprised in a way.
SIRIUS XM will pull through and succeed. The worst that could happen is a re-structuring of the service and company. But people will have radios and service for sure. An audience of 20 million is just too much to give up.