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News reports are saying XM/Sirius is 1 Billion in debt and seeking bankrupcy protection. New car sales slumping has reduced new customers and old customers are flocking away as Sat. radio is only an extra cost.
http://finance.yahoo.com/news/EchoStar-ama...b-14259026.html
Stocks were at 11 cents today.
I wouldn't be renewing my contrct for their services for an entire year. Go monthly or even qurterly so you don't get burned if they do go under.
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meford4u,Feb 11 2009, 10:00 PM Wrote:News reports are saying XM/Sirius is 1 Billion in debt and seeking bankrupcy protection. New car sales slumping has reduced new customers and old customers are flocking away as Sat. radio is only an extra cost.
http://finance.yahoo.com/news/EchoStar-ama...b-14259026.html
Stocks were at 11 cents today.
I wouldn't be renewing my contrct for their services for an entire year. Go monthly or even qurterly so you don't get burned if they do go under.
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Agreed in terms of paying up front for a long-term deal ... but reading the underlying articles it appears this is more about Ergen gaining control of the assets without having to buy out the current shareholders - - as opposed to the service itself actually ceasing to exist.
Either way no doubt there's a big shakeup coming in sat radio.
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I just renewed for 1 Year in November...bad move on my part!
Makes me sad...
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Crap... and here I thought I was being smart singing up for a "lifetime" subscription to Sirius Canada back in October...
I guess I didn't realize that the "lifetime" was of the satellite service NVM the car :censored2: :lame:
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LOL - I feel bad for you long-termers. I'm monthly right now and thankfully I resisted the chance to go yearly when I did.
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I always thought this satellite radio should have been a pay as you go deal.
I wonder if Stern is wondering what he's gonna do with all that extra time he's gonna have.
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hmm the song "sucks to be you " from prozzak comes to mind hearing this news lol...
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Frost__2001,Feb 12 2009, 10:09 AM Wrote:hmm the song "sucks to be you " from prozzak comes to mind hearing this news lol...
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Yeah a $600 sucks to be me kick in the @$$ <_<
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NefCanuck,Feb 12 2009, 12:28 AM Wrote:Crap... and here I thought I was being smart singing up for a "lifetime" subscription to Sirius Canada back in October...
I guess I didn't realize that the "lifetime" was of the satellite service NVM the car :censored2: :lame:
NefCanuck
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well.. if you had gotten in on the Vonage lifetime subscription deal when they first came out, you would be dancing in the halls.
Not all good ideas fail.
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darkpuppet,Feb 12 2009, 01:54 PM Wrote:NefCanuck,Feb 12 2009, 12:28 AM Wrote:Crap... and here I thought I was being smart singing up for a "lifetime" subscription to Sirius Canada back in October...
I guess I didn't realize that the "lifetime" was of the satellite service NVM the car :censored2:ÃÂ :lame:
NefCanuck
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well.. if you had gotten in on the Vonage lifetime subscription deal when they first came out, you would be dancing in the halls.
Not all good ideas fail.
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True enough and the idea seemed sound at the time :(
Just hate the thought of losing the $600 I ponied up (minus the months of service since I signed up, a grand total of five months so far :angry: )
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I'm glad I'm not the only one who will suffer!!
And...I remember that Prozzak song - best song everrr!
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NefCanuck,Feb 12 2009, 04:51 PM Wrote:Just hate the thought of losing the $600 I ponied up (minus the months of service since I signed up, a grand total of five months so far :angry: )
NefCanuck
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Meh ... 120 bones a month - what's to complain about?
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2003 Focus ZX5 infra-red Track Rat - R*I*P
2003 ZX5 CD Silver Track Rat - retired, but still in the driveway
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* New Zetec crate motor - NFG - thanks Topspeed *
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awkward,Feb 12 2009, 08:29 PM Wrote:I'm glad I'm not the only one who will suffer!!
And...I remember that Prozzak song - best song everrr!
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Pfft Omobolasire!!! Best Prozzak song ever!
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ZTWsquared,Feb 12 2009, 08:01 PM Wrote:NefCanuck,Feb 12 2009, 04:51 PM Wrote:Just hate the thought of losing the $600 I ponied up (minus the months of service since I signed up, a grand total of five months so far :angry: )
NefCanuck
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Meh ... 120 bones a month - what's to complain about?
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:lol: if you can afford to be cavalier about $120 bones a month, adopt me, 'cause I sure can't :P
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ANTHONYD,Feb 12 2009, 08:44 AM Wrote:I wonder if Stern is wondering what he's gonna do with all that extra time he's gonna have.
Stern was never the same after marriage. Sirius bet big on him and lost. Thank you AM/FM for free.
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Don't worry guys (NEF) Sirius XM just got $530 million bailout from Liberty media, they will be around for at leaast a couple of years.
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Canadian ST,Feb 17 2009, 09:56 PM Wrote:Don't worry guys (NEF) Sirius XM just got $530 million bailout from Liberty media, they will be around for at leaast a couple of years.
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Hey if I at least get my $ worth before they shut it down I'll be happy (at the current pricing in Canada, I think my break even point is another 2.5 years away)
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02-18-2009, 08:35 PM
(This post was last modified: 02-18-2009, 08:37 PM by dBlast.)
Thank God!
I would never ever go back to listening to AM/FM.
Ninety percent of the time, every pre-set on my AM/FM dial on my drive to and from work would be playing a commercial. You'd think the jingle to "Sleep Country Canada" would have won an a Grammy, just for the amount of air-play alone.
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dBlast,Feb 18 2009, 05:35 AM Wrote:You'd think the jingle to "Sleep Country Canada" would have won an a Grammy, just for the amount of air-play alone.
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Maybe a Juno?
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even under bankruptcy, they likely wouldn't cease operations... this hasn't fully played out yet.
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