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XM/Sirius- about to go bankrupt(Reuters) (pg. 2)
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| gimmebeatz |
| damn i love my sirius...howard stern and the live fri and sat night DJ broadcasts are great. |
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| CND |
| quote: | Originally posted by Nerologic
There is a beta version already out, and it works GREAT! |
Good news! |
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| 72hrpartyanimal |
| quote: | Originally posted by gerard6975
these stations most likely don't stream freely online.
and why will i use my phone to listen to music? i'd rather listen to digital music in my car equipped with 11-speaker Infiniti Studio by Bose. |
did that come stock or did you have it custom insalled? |
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| GPC |
I've had XM since the first year it was out. The programming at first was pretty good but its been going downhill since. The programming that actually made it interesting is all gone. The EDM stations suck for the most part save a good show here and there which were never on when I was driving. Retired XM to work for background music a few years ago. Starting in March you will have to pay for the internet streaming and they are going to raise rates. I will be canceling.
Think they need like $300 billion by March and then another $500 billion shortly after that. Good luck. Obama better not bail them out. |
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| Brian Scott |
| quote: | Originally posted by 72hrpartyanimal
did that come stock or did you have it custom insalled? |
No sane audiophile would have Bose gear custom-installed in their car. It's a pain in the ass to work with (every speaker comes with its own amplifier) and is very expensive when compared to other products of similar sound quality.
Bose systems tend to come as factory options for cars. They're generally an upgrade from the standard audio system. |
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| Brian Scott |
| quote: | Originally posted by GPC
Think they need like $300 Million by March and then another $500 Million shortly after that. Good luck. Obama better not bail them out. |
Fixed :) |
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| GPC |
| quote: | Originally posted by Brian Scott
Fixed :) |
Ha! I thought that was a ridicules amount of money but I read that elsewhere. Guess I should check my sources lol. I was like those satellites must have been expensive lol. |
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| DJ RANN |
I somehow got sirius free with my car I bough second hand (even though the dealer didn't know).
Normal radio sucks hard, so having the option of Area 38 (formally 33 - EDM) and BPM (36 - cheesy house) are at least two OK stations. On 38 you get the Carl Cox sessions, ASOT, VONYC sessions (PVD), Nocturnal (matt darey), The Essential Mix, etc. every week so there's something to be found worth listenting to every day.
36 plays some good chillout stuff too.
Also get BBC world service fro some decent world news too. |
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| gerard6975 |
| quote: | Originally posted by 72hrpartyanimal
did that come stock or did you have it custom insalled? |
it's stock. hell no i'm paying extra just to customize my car :) it doesn't add value to it and i'm just leasing. |
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| Trancelover24 |
| quote: | Originally posted by GPC
Starting in March you will have to pay for the internet streaming and they are going to raise rates. I will be canceling.
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YOu are correct internet streaming will no longer b free but it will be available at an additional $2.99 price and also the price to add an additional radio will go up from $6.99 to $8.99. If you are a dummy you can pre pay and get free streaming for the term of the prepayment period, but you run the risk of that ending with the Chapter 11.
That is all that will go up for a few years. Part of the agreement of allowing Sirius and XM merge was that there would be a price freeze.
Anyways THE GOVERNMENT is responsible for the failure of Sirius/XM, I mean the FCC delayed their apoproval for 6 months after the DOJ had cleared them, and you have to remember that it took the DOJ around 12 months to clear them... The companies both bleed money, and now this... |
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| Trancelover24 |
Liberty Media invests $530M in Sirius XM RadioSouth Florida Business Journal - by Greg Avery
Engelwood, Colo.-based Liberty, the media and entertainment company founded by John Malone, will immediately loan Sirius XM $280 million, about $171 million of which will to pay off debt Sirius had coming due this week.
A second round of $250 million from Liberty (NASDAQ: LCAPA) will also be available to Sirius XM to help it pay its debts and ward off a potential takeover of Sirius by Charlie Ergen’s Dish Network Corp., the Englewood, Colo.-based satellite TV company.
In return for the investment in Sirius XM, Liberty will own 12.5 million shares of preferred stock in Sirius XM (NASDAQ: SIRI), which Liberty can convert into common stock.
That would give Liberty a 40 percent ownership stake in the radio company.
Malone and Liberty Media President and CEO Greg Maffei are expected to join the Sirius XM board of directors.
"We are excited to be investing in Sirius XM. We have been impressed with the company, its operations and management team," Maffei said a statement. "Sirius XM's ability to grow subscribers and revenue in a difficult financial and auto market is indicative of how listeners view this as a 'must have' service."
Sirius XM CEO Mel Karmazin called the deal with Liberty remarkable, given today’s capital markets, and validation of what the company envisioned when it merged the nation’s two satellite radio companies last year.
“This agreement enables Sirius XM to continue to develop the opportunities first outlined in the merger of Sirius and XM,” he said. “By strengthening our capital structure and enhancing our financial flexibility, this investment allows us to continue providing the great content and innovative programming our subscribers know and love.” |
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| Electrophile |
| quote: | Originally posted by Trancelover24
Liberty Media invests $530M in Sirius XM RadioSouth Florida Business Journal - by Greg Avery
Engelwood, Colo.-based Liberty, the media and entertainment company founded by John Malone, will immediately loan Sirius XM $280 million, about $171 million of which will to pay off debt Sirius had coming due this week.
A second round of $250 million from Liberty (NASDAQ: LCAPA) will also be available to Sirius XM to help it pay its debts and ward off a potential takeover of Sirius by Charlie Ergen’s Dish Network Corp., the Englewood, Colo.-based satellite TV company.
In return for the investment in Sirius XM, Liberty will own 12.5 million shares of preferred stock in Sirius XM (NASDAQ: SIRI), which Liberty can convert into common stock.
That would give Liberty a 40 percent ownership stake in the radio company.
Malone and Liberty Media President and CEO Greg Maffei are expected to join the Sirius XM board of directors.
"We are excited to be investing in Sirius XM. We have been impressed with the company, its operations and management team," Maffei said a statement. "Sirius XM's ability to grow subscribers and revenue in a difficult financial and auto market is indicative of how listeners view this as a 'must have' service."
Sirius XM CEO Mel Karmazin called the deal with Liberty remarkable, given today’s capital markets, and validation of what the company envisioned when it merged the nation’s two satellite radio companies last year.
“This agreement enables Sirius XM to continue to develop the opportunities first outlined in the merger of Sirius and XM,” he said. “By strengthening our capital structure and enhancing our financial flexibility, this investment allows us to continue providing the great content and innovative programming our subscribers know and love.” |
I made $8,000 today thanks to this deal :) |
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