According to FMQB:
Sirius XM Radio CEO Mel Karmazin predicted yesterday that the satcaster will see double-digit growth in its revenue in Q4, and also expects the company to refinance its debut next year. Speaking to the Reuters Media Summit in New York, Karmazin said the satcaster kept its expectations low for Black Friday sales targets.
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Do we believe him? Unlikely. Sirius/XM’s is on life support with the Big 3 automakers. The Big 3 continually talk about the damage would not only be done to the automakers themselves if they fail to receive a bailout loan but also the suppliers. Sirius/XM is a major supplier to the Big 3 and expect a significant decline in revenues should one of the Big 3 fail.
December 6th, 2008 at 10:11 pm
I have hope that if the government bails out the big 3 that Mel will be able to refinance the company’s debt. Let’s see if he sneaks in a reverse stock split during this horrific economy tsunami we are facing.
GO MEL!!!
December 29th, 2008 at 2:16 pm
Why would anyone want an overpriced satellite service when you can listen to whatever you want on the net for free? (including pirated stern shows)
Sat radio would have been good in the 80’s or 90’s, but these morons actually think this is going somewhere. It is, in for re-entry when the sat’s run out of power lol.
December 29th, 2008 at 2:21 pm
BTW: stern is boring, he’s hardly ever live, plus he’s a maniac to think he “invented” a network show by going nationwide in the 90’s. The first radio network was created around 1920. Herb Jepko was the first american radio talk show host to do a nationally syndicated, satellite-delivered program in the 60’s. The only thing stern has ever invented was a smelly intern named Babaooey.
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