Sirius in serious trouble
Posted: February 11th, 2009 | Author: Greg | Filed under: Music Business | Tags: Music, radio, satellite radio | No Comments »The global economic issues are claiming businesses left and right.
Not immune are companies that once appeared to be untouchable.
But lo and behold, even after Sirius and XM merged, Sirius is apparently on the verge of going belly up.
According to this article in Rolling Stone today the debt is overwhelming and could force the immediate termination of Howard Stern’s contract among others.
Amazing.
It seems like literally yesterday that XM and Sirius were all the rage and in a blink, the ginormous programming beast could be slayed.