News
Sirius XM Still Doing Bad, Chairman Steps Down
It's been a while since we've talked about the flailing satellite radio business, but this post could have come from any time in the last five years: Sales of the radios are doing bad, the stock price of Sirius XM is still bargain basement low, and now the chairman, Gary Parsons, has stepped down amid the crisis. Because there's so much money tied into Sirius XM (due to the whole launching a satellite into space thing), I wonder at what point the company can realistically fold, and who would buy a radio satellite at auction. [Daily Swarm]
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Another ill read douchebag with internet access. Get your story straight about parson, TIP: read more about liberty board set up..
Jimmy
Winistofer, nice. Must of been a difficult childhood with that name. If you have any ambition to be a credible journalist, try attempting to do your own independent research and form you own factual results of a story. If that was not the issue, than just plain read some more.
Napoleon Dynamite
You are a true POS. Clueless. Get your facts straight.
Richard Keane
Richard Keane
This article is so factually incorrect, it is libelous. I SINCERELY hope you get sued for this false article. Not everything is covered by freedom of speech or freedom of the press.
Subscription rates are UP. They added 100K subsribers in Q3.
Parsons is leaving because he is no longer needed. We has the CEO of the acquired company. They usually only stay on until the merger is done.
The company is on SOLID financal footing, having NO real debt obligations until 2011. And you didn't mention that they are FREE CASH FLOW POSITIVE and turned in a breakeven quarter.
The day will come that journalism like yours will be no more. That day will be soon, based on the substance above.
EgisCodr
What ashame that you can write an article with no substance or research. This article (if you can call it that) seems to be written on a seventh grade level. It should have been written on sheet of paper from a spiral notebook then folded up very tightly then passed around. Prefixmag.com must have their H R office in some middle school next to the janitor's room.
Neal Barkett
Dude, who would have guessed that Sirius subscribers would get mad when you say the company is doing bad? Because they are. The stock is available for pennies.