Sirius-ly Stinks: Bankruptcy Possible
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The very popular satellite-powered radio service, Sirius XM, may be getting ready for file for bankruptcy.
The two corporations, Sirius and XM merged earlier last year in hopes to finally cut costs and begin making actual profit. But, no such money was made and the company fears near death.
The news fell grim on me as I just paid for a year of XM service in my car. Those who are avid listeners may soon be forced into missing the staticless and broad amount of listening channels.
But, there is hope. DirecTV is looking to takeover the satellite radio business, and we sure hope they do (at least so I don’t have to eat a whole years worth of bought service). In the meantime, the company says that service will not be interrupted while they figure out what is to happen.
Buy-out, or bankruptcy? That is the question. I would certainly miss it if (when) its gone.
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