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Thread: More negative press...Thanks Yahoo!

  1. #1
    TheAbbevilleKid is offline
    Junior Member
    TheAbbevilleKid's Avatar
    Joined: Jan 2009 Location: New Jersey - The Carcinogen State. Posts: 19

    More negative press...Thanks Yahoo!



    http://finance.yahoo.com/news/15-Com...-14279875.html

    "...Sirius Satellite Radio. (SIRI - parent company; about 1,000 employees; stock down 96%). The music rocks, but satellite radio has yet to be profitable, and huge contracts for performers like Howard Stern are looking unsustainable. Sirius is one of two satellite-radio services owned by parent company Sirius XM, which was formed when Sirius and XM merged last year. So far, the merger hasn't generated the savings needed to make the company profitable, and Moody's thinks there's a "high likelihood" that Sirius will fail to repay or refinance its debt in 2009. One outcome could be a takeover, at distressed prices, by other firms active in the satellite business...."

    Why is it no one wants to grasp the idea of a merger?
    The Abbeville Kid

  2. #2
    trippingthespeculatingpos is offline
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    trippingthespeculatingpos's Avatar
    Joined: Dec 2008 Location: San Antonio Posts: 2,884
    hey abbevill we all love it when some1 helps us keep track of sirius info but we try to keep it all in the intra-day forum just so it can be centralized, and yeah so many hit pieces going around right now.

  3. #3
    TheAbbevilleKid is offline
    Junior Member
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    Joined: Jan 2009 Location: New Jersey - The Carcinogen State. Posts: 19
    Duly noted...will post in there whenever I find information on sirius.

  4. Ad Fairy Senior Member

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