Sirius / XM bankruptcy

  • Thread starter Thread starter William Combes
  • Start date Start date
James Siler said:
Thank you. I am tossing that coin, so to speak, in air right now. Maybe they would bounce back and go up again. But again thank you.
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I have not really paid much attention to this until today with your post. Now, after reading what is going on and the offer from Liberty to offer the financials due Tuesday, I would invest if you can afford it. As I said before, be sure you can afford to lose it, just in case. But I see a fairly good chance of a stock price increase this week, starting Monday. Remember, if you have not done this before, you will have the buy order and sell order fees to calculate to make your break even point.
It is still listed on Nasdaq, which is good. What the heck, it is worth it to me to play a chunk on this one and see what happens. I will make my order Monday AM.
 
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I have had both services (when they were not one) and they are both good but in the end not something I want to pay monthly for. The ipod was the killer app, if you wanted talk or music, that just leaves specialized sports and Stern/opie.

Personally when I listen to talk I want to hear local talk, when I listen to music I use my Slacker app on my Blackberry it has less comercials than XM and I can take in the car, house or office with no subscription.

Sirius has started doing TV, I think that could be an AMAZING market if they can figure out a price point that makes sense. I would like to have that in the minivan for the kids and for bordom while chasing.
 
What about mobile threatnet...this was where I was going with the post. nor really the music side of things. If the have the "streamline" could MTN be at risk?
 
I doubt that Sirius/XM is interested in giving up any individual revenue stream. Whoever ends up with the company has no incentive to cut off any of the income generators either.

Interesting game of chicken going on here. Sounds like the president of the company is being given a lot of disincentive to declaring bankruptcy. He's out if he declares bankruptcy and he's out if Echostar takes over. DirectTV is his potential white knight. A big note deadline is tomorrow.

http://www.marketwatch.com/news/sto...x?guid={54E73038-0285-4D2A-A05D-C7CDD8A6B1DA}
 
One could argue that those who bought at $3 and are now seeing 10 cents have already been "wiped out". But I know what you mean. This way they still have a chance to see it come back, long term.
 
Dave Gallaher said:
Isn't Liberty Media one of Rupert Murdoch's many firms?
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Liberty Media is owned by a different mogul, John Malone.

Murdoch used to own a 38% stake in DirectTV, but he became disenchanted with it at the end of 2006 after hearing that FCC chief Kevin Martin still wouldn't look favorably upon a merger between DirecTV and smaller competitor Echostar (the company that DirectTV is now trying to avoid takeover by). Murdoch then called DirectTV a "turd bird". So he traded his stake in DirectTV (plus a pile of cash and some regional sports cable networks) to Liberty Media for stock that Liberty Media owned in Murdoch's News Corporation.

Interestingly, the News Corp. stock that Liberty Media gave up has lost 7 billion dollars since the deal was made. In the crappy year that was 2008, the assets Liberty Media got in exchange dropped only 2 billion dollars. While that isn't exactly profit for his shareholders, Malone currently looks $5 billion smarter than Murdoch on that score.

I think DirectTV and Sirius/XM would be a perfect fit.
 
I hope to some degree or another that Sat. Radio continues. The group I'm associated with....Internet Partnership Radio, has the foundations to become a great addition to a Sat. Radio line up. Linking to a TV network is likely more of a business deal, but that would even sweeten the desire to build the group into a larger network/station.
 
It is official that Sirius and Liberty Media have formalized a deal. Before the market opened pre-trading for SIRI was up 22% per share or $0.12 per share from a previous close of $0.10 per share.
 
Dear Chasers and weather enthusiests

these problems with xm/ Sirius do worry us all but I spoke with a Good friend over at Barron Services about the Mobil Threat Net Plus that they now offer if you upgrade your package to the 1.37 upgrade and you have to also have 1.35 to do this. Anyway he tells me that there is no impending problems with ThreatNet that he can forsee at least not right now. So I'm going to use it until this changes I guess all of us we'll just have to wait and see.


Shawn Camp

Fox 4-Warn StormTracker

MyFoxDFW.com "Keeping you 4-Warned"
 
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