Friday, February 13, 2009

Sirius XM Filing for Bankruptcy??

Sirius XM radio is in danger of filing for bankruptcy! According to a New York Times article the company will be deciding within days if they are going to file. This is a surprise to everyone, even their CEO. Sirius was supposed to be the most successful of all the XM stations and they are running out of money. The economy is taking its toll on everyone and not letting up at all. If the bankruptcy does go through they are not sure what will happen to customers. At this point they assume they will not be affected by it but who knows what will happen in the future. The big problem is that the company might have to cancel some of their big name shows, like Howard Stern and Martha Stuart. I think this would piss a lot of people off, especially Howard Stern because now the only way to hear his show is through Sirius XM. If bankruptcy does occur it would make it one of the largest casualties of this recession with over $5 billion in assets. I hope that it does not come to that but you never know. My question is what is going to be next??

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