What do you think will happen if SiriusXM go out of business?
- Thread starter secrecyguy
- Start date
klingon_master
Member
I don't even have an IPOD and besides I listen to my music from my computer. Why should we forced to fork out hundreds of dollars for an IPOD and hundreds just for all those songs we want. For the people who don't have an IPOD what are we suppose to do? We just hope this satellite service stays around even if bough by another company.
DAB
Mod Emeritus
I am not so sure everyone that has sat radio if it were to shut down is going to rush out and buy a iPod. There are other alternatives coming forward now with Slacker and similar services and devices.
We all want sat radio to stay around, but the question is should it not, what are you going to do? No one knows if the will just go belly up and the FCC reclaim the spectrum and sell it to someone else or if someone will buy the company and conitnue it with a different business plan. But if you woke up tomorrow and there was no sat radio, what would you do for music?
I already have an iPod and Slacker so I am not worried about it myself. But still I would hate to lose sat radio.
Musicologist
Member
It'll suck if Sirius goes under, but I can't say I'll be surprised. Both companies were grossly mismanaged from the get-go. Karmazin has done a pretty good job, but his predecessors dug him a very deep hole to get out of.
My contingency plan if Sirius goes under:
1. Download more songs to my cellphone and computer, from Sprint Music Store.
2. Add more songs and channels to my Pandora account, which can be streamed to my Samsung Instinct for $2.99 unlimited per month.
3. Increase my usage of free internet radio sites.
4. Buy several Time-Life CD sets and upload to my computer, then download to my Instinct.
.
My contingency plan if Sirius goes under:
1. Download more songs to my cellphone and computer, from Sprint Music Store.
2. Add more songs and channels to my Pandora account, which can be streamed to my Samsung Instinct for $2.99 unlimited per month.
3. Increase my usage of free internet radio sites.
4. Buy several Time-Life CD sets and upload to my computer, then download to my Instinct.
.
hank-the-dwarf
Well-Known Member
A co-worker of mine has sirius so i still get to listen to stern,but other than that i dont miss it.I think if it does go down alot of talk shows will just podcast.
HOBOKENKID
New Member
Well, IMHO, I certainly hope Sirius-XM will be around for a long, long time. I love SINATRA.....and the Siriusly Sinatra channel is outstanding!! If Sirius-XM does fail, I'll still have all the fabulous SINATRA websites to go to AND my extensive completist collection of SINATRA CD's. I WILL survive!!
hank-the-dwarf
Well-Known Member
There is no reason to yell!LOL
ClubSteeler
Member
If SiriusXM went out of business, they'd go bankrupt. Their creditors would regain what they could, and write off the rest.
Now, someone else could come in, buy the spectrum (which is PRICELESS) these days, and already have 20 Million radios out there for free. They'd have satellites already up there.. for free. Plus they would be starting on a blank slate without billions of debt.
I can not imagine that Sirius can have 20Million customers, the 2nd largest subscription service in the world, and be losing money.
Maybe if someone could soak up these priceless assets for pennies on the dollar, it would be like printing their own money.
Now, someone else could come in, buy the spectrum (which is PRICELESS) these days, and already have 20 Million radios out there for free. They'd have satellites already up there.. for free. Plus they would be starting on a blank slate without billions of debt.
I can not imagine that Sirius can have 20Million customers, the 2nd largest subscription service in the world, and be losing money.
Maybe if someone could soak up these priceless assets for pennies on the dollar, it would be like printing their own money.
secrecyguy
Member
After thinking about it for a while after making this topic, here's my prediction what will happen.
Once the company shut down, the company and the satellites will be auction off. I think the most likely canidate to buy the company is Dish and DirecTV. If it will be auction off as a whole company, we will see a bidding war between those two companies. If it will be auction off seperately (XM and Sirius) than both companies will buy it.
Why do I think Dish and DirecTV will buy it? The US is switching over to digital tv. That means portable tv will not work anymore. Even if you do get a portable digital tv, it will not work in all areas because of the range.
I think most of the radio channels will end up getting replaced with satellite tv channels. We will see portable satellite tvs and satellite tv for the car. The radio channels that they do keep, they will auction off the channels to lease to the radio stations.
They will also expand the traffic updates and get several GPS manufactures to use it. I also see that they will sell home weather stations that you hang on the wall like picture frame and get the latest weather information. They will have monthly charge for it.
That's what I think it will happen.
Once the company shut down, the company and the satellites will be auction off. I think the most likely canidate to buy the company is Dish and DirecTV. If it will be auction off as a whole company, we will see a bidding war between those two companies. If it will be auction off seperately (XM and Sirius) than both companies will buy it.
Why do I think Dish and DirecTV will buy it? The US is switching over to digital tv. That means portable tv will not work anymore. Even if you do get a portable digital tv, it will not work in all areas because of the range.
I think most of the radio channels will end up getting replaced with satellite tv channels. We will see portable satellite tvs and satellite tv for the car. The radio channels that they do keep, they will auction off the channels to lease to the radio stations.
They will also expand the traffic updates and get several GPS manufactures to use it. I also see that they will sell home weather stations that you hang on the wall like picture frame and get the latest weather information. They will have monthly charge for it.
That's what I think it will happen.
secrecyguy
Member
After thinking about it for a while after making this topic, here's my prediction what will happen.
Once the company shut down, the company and the satellites will be auction off. I think the most likely canidate to buy the company is Dish and DirecTV. If it will be auction off as a whole company, we will see a bidding war between those two companies. If it will be auction off seperately (XM and Sirius) than both companies will buy it.
Why do I think Dish and DirecTV will buy it? The US is switching over to digital tv. That means portable tv will not work anymore. Even if you do get a portable digital tv, it will not work in all areas because of the range.
I think most of the radio channels will end up getting replaced with satellite tv channels. We will see portable satellite tvs and satellite tv for the car. The radio channels that they do keep, they will auction off the channels to lease to the radio stations.
They will also expand the traffic updates and get several GPS manufactures to use it. I also see that they will sell home weather stations that you hang on the wall like picture frame and get the latest weather information. They will have monthly charge for it.
That's what I think it will happen.
Once the company shut down, the company and the satellites will be auction off. I think the most likely canidate to buy the company is Dish and DirecTV. If it will be auction off as a whole company, we will see a bidding war between those two companies. If it will be auction off seperately (XM and Sirius) than both companies will buy it.
Why do I think Dish and DirecTV will buy it? The US is switching over to digital tv. That means portable tv will not work anymore. Even if you do get a portable digital tv, it will not work in all areas because of the range.
I think most of the radio channels will end up getting replaced with satellite tv channels. We will see portable satellite tvs and satellite tv for the car. The radio channels that they do keep, they will auction off the channels to lease to the radio stations.
They will also expand the traffic updates and get several GPS manufactures to use it. I also see that they will sell home weather stations that you hang on the wall like picture frame and get the latest weather information. They will have monthly charge for it.
That's what I think it will happen.
IdRatherBeSkiing
Sherbert is NOT and NEVER WILL BE ice cream.
What would I do if they went under? I would listen to my MP3s on my SL2 for a little while. Then start harrassing Slacker to move the ball on coming to Canada. Whan that fails. I will get some non-apple MP3 player that could read my 8Gb microSD card.
secrecyguy
Member
Well, this topic is about what you think will happen if they go out of business.
IdRatherBeSkiing
Sherbert is NOT and NEVER WILL BE ice cream.
I think I may have confused it with another I was reading which is 'what will you do'. My bad.
I think that if they go belly up, even if they are picked up by somebody else, any money subscribers had in their subscription will be null and void and it you want it again you will need to pay whatever activation fee + new sub plan is offered.
DAB
Mod Emeritus
I think they will file for protection under the bankruptcy laws. This will protect them from creditors while they attempt to reorganize. This will also be a time when an interested party could make an offer or knowing Mel he would go out and seek someone to buy the company. Is anyone going to want to buy a company that has this much debt? It all depends on how it works out as it goes through he bankruptcy process, some creditors may work out long term deals for this debt in order not to Totally lose everything or only get a certain % of it back at a fire sale. I think another thing that someone looking at this will consider is that you currently have almost 20 million subscribers and do you want to just throw that away? Ultimately I just feel that someone is going to step in or creditors are going to work things out so that Sat Radio can continue. Now will they have to change their business plan? I think more than likely! But what that new business model will look like I can't say. But lets face it they will have to look at what they are paying for content and if necessary make cuts. Will NFL, NBA, NHL, MLB, Stern will they renegotiate for less money? Will Mel and many of these big corporate folks be willing to take pay cuts until the company can become profitable?
All very interesting. I don't know I just don't see sat radio totally going away or being shut down and sold in a fire sale, maybe that is just wishful thinking on my part. I also don't think their sats would be suitable for Dish and Direct to make the investment no matter how cheap they are. The bandwidth would be a premium if it was reclaimed by the FCC for other uses. I also think if the company goes totally belly up the FCC automatically takes the spectrum back and no one could come in and then just get the sats and the spectrum. Once its gone it gone it could then be repurposed or some other company would have to bit on that spectrum again. Ultimately I just don't think sat radio is going to just go away!
All very interesting. I don't know I just don't see sat radio totally going away or being shut down and sold in a fire sale, maybe that is just wishful thinking on my part. I also don't think their sats would be suitable for Dish and Direct to make the investment no matter how cheap they are. The bandwidth would be a premium if it was reclaimed by the FCC for other uses. I also think if the company goes totally belly up the FCC automatically takes the spectrum back and no one could come in and then just get the sats and the spectrum. Once its gone it gone it could then be repurposed or some other company would have to bit on that spectrum again. Ultimately I just don't think sat radio is going to just go away!
semipenguin
Cheeseburger Connoisseur
Sirius filed for bankruptcy protections once before. Back in 2003 I believe...:right:
They can do it again if they so please. Just like Chrysler...
They can do it again if they so please. Just like Chrysler...
DAB
Mod Emeritus
Sirius filed for bankruptcy protections once before. Back in 2003 I believe...:right:
They can do it again if they so please. Just like Chrysler...
Sirius has never filed for bankruptcy protection to my knowledge! They always manipulated the stock to get more money to keep things going.
semipenguin
Cheeseburger Connoisseur
Ok, you're right. I thought they did. I looked into it and this is what I found...
Sirius Satellite Radio, Inc. -- Company History
I only remember talk of it. In 10/02 I didn't care about Sirius. I was only interested in XM...
ClubSteeler
Member
I'd probaby get a better MP3 player and subscribe to a music service where I can download channels to listen to. I get bored with my own music, and prefer more a "channel" format where someone else mixes it up for me.
I'd stream the steelers games from local radio station web sites.
I'd illegally download Howard Bit Torrents assuming he was still broadcasting.
Bubba just inked a deal with a local terrestrial station, so I'd go back to terrestrial in the mornings like the cavemen used to do.
I'd keep my sportster set up because no way is all that technology and bandwidth just going to go to waste. They would probably split up the spectrum again and auction it off.
limegrass69
Confused
Sirius/XM will likely reorganize in bankruptcy.
It will lessen their debt burden, and perhaps give them an opportunity to make some of their talent and programming contracts conform to economic reality.
I think that it will also give them a chance to consolidate their core operations under one roof.
The big problem they will not be able to immediately deal with is the fact that they still have to maintain two, non-compatible infrastructures given the designs of their radios.
Who has the cash these days to buy and operate Sirius/XM? Not Clear Channel or CBS.
It will lessen their debt burden, and perhaps give them an opportunity to make some of their talent and programming contracts conform to economic reality.
I think that it will also give them a chance to consolidate their core operations under one roof.
The big problem they will not be able to immediately deal with is the fact that they still have to maintain two, non-compatible infrastructures given the designs of their radios.
Who has the cash these days to buy and operate Sirius/XM? Not Clear Channel or CBS.