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XM & Sirius Satellite Radio

1618 messages, Last post on Nov 11, 2009 at 3:22 PM
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Have enjoyed XM for a number of years. First, on home receiver hooked up to home sound system maybe 5 years ago. Our 2004 car came with XM and then combined subscription with home receiver for 1+ year. Our 2007 car came with XM but did not take out a subscription after free trial of first 3 months. Don't remember when, maybe about 3 years ago, our Direct TV subscription started including all the XM channels for no extra charge. The variety of music offered is great and allows one to of course enjoy one's favorite music styles as well as exploring and finding other styles to enjoy. WIll be a huge loss if Sirius/XM fails to come back some way after bankruptcy. Never did understand why Sirius paid millions for a contract with a filthy porn talk show host. Are there that many listeners that want to be in the gutter? Sirius and XM should be about music. |
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Replying to: qbrozen (Feb 11, 2009 8:03 am) |
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"a solid business with an outstanding customer base, but we are burdened with substantial debt obligations" Sounds familiar. The music biz is tough these days: Muzak files for bankruptcy (CNN) |
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Replying to: lukedatruth (Feb 16, 2009 1:54 pm) don't do the hard wire.
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Replying to: ral2167 (Feb 16, 2009 4:03 pm)
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Replying to: lukedatruth (Feb 16, 2009 4:15 pm) |
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Liberty to lend Sirius $530 million, get 40% stake February 17, 2009 - 9:45 am ET NEW YORK (Reuters) -- John Malone's Liberty Media Corp. has agreed to lend $530 million to Sirius XM Radio Inc. in exchange for a 40 percent equity stake, saving the satellite radio provider from possible bankruptcy and sending its shares up 100 percent. The deal also helps Sirius CEO Mel Karmazin fend off a potential takeover bid by Charles Ergen's EchoStar Corp., which has purchased hundreds of millions of Sirius's total debt of about $3.25 billion. http://www.autonews.com/article/20090217/ANA05/302179823/1182 (registration link) So I guess they're not going bye-bye. But all is not that pretty, Liberty also owns a controlling share of DirecTV, one of the companies that was previously looking to take over Sirius. And that "doubling of Sirius' stock price" brings it up to a whopping $0.21 per share. :-/
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Replying to: nippononly (Feb 17, 2009 9:21 am) |
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| Just as an FYI, my subscription was up for "auto renewal" March 8th at the whopping price of $145 for the year. I called and said I wanted to cancel and the operator asked why, I said I can't afford it. She said I could renew for the promotional price of $77/year ( which I have been paying for the last 3 years) and I said yes. This price is available to everyone, you just have to ask for it. Heck, tell 'em I sent you! | |
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