NYT: Sirius XM about to go bankrupt

howard_stern.jpg

Well, I’ll be. [New York Times]

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21 Responses to NYT: Sirius XM about to go bankrupt

  1. ridl says:

    @zuzu #2 -

    There’s this fancy new tech called AM (amplitude modulation – what won’t they think of next) and here in the hinterlands of Oregon I get BBC radio fine via public broadcasting. Take a ride on the cutting edge and explore the AM band!

  2. ROSSINDETROIT says:

    Howard sure is one funny looking dude.

    I guess I was wrong. Now that you point out his appearance, there is something about Howard Stern that’s funny after all.

  3. Scott says:

    Your headline is misleading, and inaccurate. Sirius/XM is not “about to go bankrupt,” nor has the NYT said any such thing.

    Sirius/XM is exploring their options, one of which is the possibility of bankruptcy. Additionally, the mere fact that they’re exploring the possibility could, in itself, be a negotiation tactic (and they, themselves, may have leaked the information for that very reason).

    One other thing to remember is that bankruptcy in this form does not mean the end of business; it’s a financial restructuring. They’d still be in business, they’d still broadcast their programming, and they’ll still retain talent.

  4. strider_mt2k says:

    NOW Howard has something to REALLY bitch about!

    Too bad I haven’t listened to HIM since not long after he came over and the show went formulaic.

    I just renewed 2 subscriptions too, durnit. :|

  5. Anonymous says:

    Good riddance. They have jacked their customers around for years. XM raised the price of their subscriptions and justified it by saying that you now could listen to them on the net and get opie & anthony for free. How does free equate to a price increase? Now, I just received a notice that they are going to start charging for the privilege of listening to XM on the net.

    Don’t count on the $6 ala carte. That will require a new receiver. So, those of us with older xm receivers are sh*t outta luck.

    And then there was the poor decision to take Fungus 53 off the air…

  6. strider_mt2k says:

    -that and the hair dye.

    (meow, listen to ME today!)

  7. Tommy says:

    When I called to renew my sub earlier this week, they were really pushing hard for me to get a lifetime sub and to buy new radios.

    It was kind of pathetic. Now I know why.

  8. tsteele999 says:

    I signed up with XM in 2003 and at our households peak we had 5 radios enabled. About a year and a half ago I started using my ipod more and more and finally dropped the subscriptions on all but one radio. One reason to keep the remaining account was the free online streaming but I heard last week they area planning to start charging for it too.

  9. Anonymous says:

    I’m in the public radio business and five or six years ago we were absolutely terrified by Sirius and XM. They have not taken away listeners as much as we feared, though. Public radio has really benefited from the internet and by focusing locally. Whether the idea of subscription satellite services dies or not, it’s nice to know there’s still a place for public radio five years from when we saw our doom.

    Satellite seems like a great idea, but when everyone has an HD radio a few years from now and can hear whatever they’d like because every station has 3 additional digital stations, I can’t see satellite surviving much longer.

  10. zuzu says:

    Wow, a monopoly on satellite radio and still not profitable?

    Sirius XM’s problems could pave the way for a takeover by EchoStar, the TV satellite company, which has bought up Sirius XM’s debt. … In addition to the $175 million due in February, EchoStar also owns $400 million of Sirius XM’s debt due in December. If Sirius XM files for bankruptcy, EchoStar could seek in court to take over the company.

    p.s. Sirius XM is the only way to get BBC Radio in North America anymore. Shortwave is no longer broadcast for there.

  11. Anonymous says:

    Right after the merger, sirius drove off the really interesting stations and replaced them with about 15 classic rock stations. Of course, I’d just re-upped for a year. Then, around the middle of January, they did a refresh of their stations. The Classic hip-hop station was brought back, the classic soul / motown station finally stopped playing mid-90′s ‘urban contemporary’, and the alternative lineup improved by leaps and bounds.

    Now there’s another takeover on the horizon. It’s a shame really, since they’ll probably make the same mistake that Sirius just finished correcting. The new owners will look at the flawed radio station ‘ratings’ numbers (which don’t even count XM / sirius listeners), lop off the interesting stations and become ClearChannel mk.2

  12. Tony Moore says:

    they goddamn better well stay going! i bought a lifetime subscription to Sirius a couple years ago, because i’ve found it indispensable!

    -T

  13. killdeer says:

    Howard doesn’t care about working anyway. He’d care more about the picture you’ve posted than about the company folding and EchoStar taking over.

  14. zuzu says:

    Breaking contract on lifetime subscriptions could very well be in the bankruptcy restructuring.

    I just hope they keep the $6/month al a carte service.

  15. guy_jin says:

    Perhaps when sirius xm goes out of business, the new satellite owners will use them for something good.

  16. Anonymous says:

    I am feeling really ripped off right now. I have 4 accounts and just called last week to update my subscriptions. Sirius gave me a very hard sell for the lifetime subscriptions and I took them up on it at a cost of more than $1,000. Literally the next day they started talking about bankruptcy in the papers and over the airwaves. This sucks!! It seems like a blantantly deceptive sales tactic – if the lifetime memberships end up being broken in a restructuring deal.

  17. dculberson says:

    Howard sure is one funny looking dude.

  18. RyanMcFitz says:

    My love/hate relationship with Rogers wireless service has resulted in so many apologies from them for screwing me around that I now have unlimited wireless data for the next three years.

    But because when it comes to Rogers, there’s no limit to how petulant and snarky I can be, I make it a point to listen to internet radio on my N95 over my Bluetooth car stereo when I’m driving.

    Yes, holy bandwidthwastetastic.

    But should anyone be able to swing this kind of sweet-ass deal (preferably without the multitude of headaches Rogers has issued me) this will replace your Sirius jones in a jiffy.

  19. coop says:

    “Sirius XM is the only way to get BBC Radio in North America anymore. Shortwave is no longer broadcast for there”

    Actually, the flycast app on an iPhone has the BBC world service as one of it’s channels.

    coop

  20. elguapostrikes says:

    I only use my xm to listen to Ron & Fez. Over 9000 times better than Howard Stern.

  21. zuzu says:

    There’s this fancy new tech called AM (amplitude modulation – what won’t they think of next) and here in the hinterlands of Oregon I get BBC radio fine via public broadcasting. Take a ride on the cutting edge and explore the AM band!

    PBS selections of BBC programming (which is half of their content anyway) doesn’t count. Or are you saying that you have a local independent public-supported mediumwave rebroadcaster of BBC Radio?

    Actually, the flycast app on an iPhone has the BBC world service as one of it’s channels.

    Oh, word, thanks!

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