Posted in radio on February 11, 2009

Transistor Radio

..But now Sirius XM, the satellite radio company, has problems with much bigger price tags. It has hired advisers to prepare for a possible bankruptcy filing, people involved in the processsaid.

That would, of course, be a grim turn of events for the normally upbeat Mr. Karmazin, Sirius XM's chief executive, who had hoped to create a mobile entertainment juggernaut with stars like Howard Stern.

It is unclear how a bankruptcy would affect customers. Service is unlikely to be interrupted, but the company might have to terminate contracts with high-priced talent like Mr. Stern or Martha Stewart.

A bankruptcy would make Sirius XM one of the largest casualties of the credit squeeze. With over $5 billion in assets, it would be the second-largest Chapter 11 filing so far this year, according to Capital IQ. The filing by Smurfit-Stone, with assets of $7 billion, has been the year's biggest to date... [NY Times]

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Comments (27)

Smurfit-Stone

???

is that real?

Posted by Anonymous | February 11, 2009 9:48 AM

Top 40 lives on.

Posted by Anonymous | February 11, 2009 9:49 AM

that blows. Although I can't say I would pay for the service.

Posted by Anonymous | February 11, 2009 10:07 AM

ron and fez noon to 3

Posted by Anonymous | February 11, 2009 10:45 AM

Fuck them. They took away Fred. Assholes.

Posted by Anonymous | February 11, 2009 10:48 AM

not pay for the service? All of you rats who think music should be free are kidding yourselves. Satelite radio is the greatest thing to happen to music lovers since...... fuck, I don't know. If you ever spent anytime with the service on a road trip, or in your daily life you realize how essential it is.

Food, Water, Satelite Radio for me. Essentials.

Posted by rod munch | February 11, 2009 11:22 AM

Time for a federal bailout. Where Obama at?

Posted by Regular reader | February 11, 2009 11:59 AM

Radio has always been free and THAT is why they are over. CreditCrunch, ha. Financial Crisis. hardy-har.

They boxxed out DAB/HD radio 10 years ago from America and no one noticed ... and now there's this thing called "Internet Radio," you may have heard of it.

Good Riddance.

Posted by Jeff Simmons | February 11, 2009 1:02 PM

I found XM Sirius in my rental car on a recent trip out West. Putting aside my carefully picked travel CD's, I decided to give satellite radio a shot. In short, I came away... underwhelmed.

Having no "guide" to consult, I began to scan through the channels. Apparently there are many hundred channels. I didn't get that far. The information displayed on the tuner is helpful - showing the genre of the channel, the show being aired, and the song being played. And there were some interesting discoveries - Kim Fowley chatting on his show on the Garage channel, blog radio shows (which included a show from some blog called Brooklyn Vegetarian...) - but as scanned from genre to sub-genre to sub-sub genre, it all started to sound to me like... Muzak.

I settled, for the most part, on XMU - XM Sirius' program of new "alternative" music - much of which is written about on this site. The occasional DJ chatter was informative, but the tone seemed to emanate from one place - New York City(!) - not my idea of a road-trip regional discovery.

There was a time when road trips meant scanning the dials for local broadcasts, and with that, local dialects and news and a feeling for the land you were traveling through. With satellite radio, you feel like your traveling through space, with all of the Earth looking the same from afar.

Even local over-the-air radio commercials have a certain appeal to the visitor and help to paint a picture of that region. And introducing commercials to satellite radio may be the only way to generate the income to keep that venture alive.

Posted by drewo | February 11, 2009 1:35 PM

nothing cool or good except for the dead channel. can't justify the price.

Posted by Sacred Absolute Hipster Cow | February 11, 2009 2:15 PM

"There was a time when road trips meant scanning the dials for local broadcasts..."

Drewo, you hit the nail on the head.

Posted by Aaron | February 11, 2009 2:25 PM

terrestrial radio sucks...i never wanna listen to GnR or pink floyds,"wish you were here"again.

It's really sad...just another great medium ruined by program directors, lawyers and special interest groups.

ron & fez noon-three

Posted by Anonymous | February 11, 2009 4:23 PM

Never fear; WiMax is almost here
the 1st internet car stereo came out last month!

http://reviews.cnet.com/8301-13746_7-10139194-48.html
http://gizmodo.com/5123673/worlds-first-internet-car-radio-would-go-perfectly-in-kitts-dashboard
http://blog.wired.com/gadgets/2008/12/blaupunkt-and-m.html

...and most people don't know the FCC awarded 100s of noncommercial full power FM light says last fall... it takes community stations well over a year to build and get them on the air...

Posted by Jeffory Hylton-Simmons | February 11, 2009 4:44 PM

bababooey?

Posted by Anonymous | February 11, 2009 6:48 PM

Fa-Fa Flo-Fly!

Posted by Anonymous | February 11, 2009 7:16 PM

What time does Daft Punk file for bankruptcy?

Posted by Anonymous | February 11, 2009 11:33 PM

Jeff Simmons :
You sound like every idiot who said "who would pay for television"

Posted by adam | February 12, 2009 9:09 PM

adam:

heh. seriously?

http://www.youtube.com/watch?v=j3BA_fpDhbQ

Today's music industry exists in a radically different climate than the motion picture/TV industry did in 70's/80's .. Today's best new stations are free community resources backed by the artists... pirate radio in the 90's lead to internet radio in the 21st century... just like the Zchannel except the artists backing it today are poor and sick of corporations.

http://www.internetworldstats.com/stats.htm

I want the power of media in the hands of the people and not the music industry machinery. Satellite got greedy and is paying the price of being a technologically-rich bully. It's ironic that it seems their only hope of survival is competition from Internet Radio and DAB/HDradio...

http://www.youtube.com/watch?v=_7XkHm9DJ48

Posted by Jeffory Hylton-Simmons | February 14, 2009 12:34 AM

The sound at this show was phenomenally awful! Our sound-system is better!

Posted by Lingerie | September 20, 2009 2:04 PM

What time does Daft Punk file for bankruptcy?

Posted by bottega veneta replica | October 16, 2009 3:22 AM

i like this url

Posted by lv | October 17, 2009 11:46 AM

Music is a man of wisdom, human solidarity, to a world of music to the joy and gladness. the great musician was an indelible contributions to mankind, heard the music makes people easy to think of the great Michael Jackson, the fine as the voice of God give the wounded in the soul. we thank him, and will always love him

Posted by http://www.sexy-yuans.com/sexy-costumes-c-3.html | August 20, 2010 9:10 PM

Talk about an awesome darn lineup! I'm so psyched to watch clips of these --especially Bruce Springsteen who is still amazing as ever.

Posted by magiceve | September 3, 2010 9:19 PM

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