Tuesday, February 10, 2009

BREAKING: Sirius/XM to file for Chapter 11 Bankruptcy

From the New York Times ...

Looks like the marriage of Sirius/XM is in serious jeopardy today. The ONLY satellite radio company in America is filing for Chapter 11. I really knew this was going to happen. I never was a fan of the merger. Plus, the technology has not really taken off enough for it to be really profitable. I also think the mass exodus of subscribers has lead to this as well.

R.I.P. XM radio. This was the stronger of the two, but no, they didn't listen. Maybe now Sirius will.

-- Matt

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