sirius-xm1

Recently announced, Sirius XM is to receive a bailout loan from Liberty Media for 530 million dollars.  Liberty Media is the parent company of Direct TV and expects a 15% interest rate in 3.5 years time.  At the present, Sirius XM has about 20 million customers and clears about 2 billion dollars a year, but never turns a profit.  Some say that’s largely due to the fact that their talent is so expensive.  Howard Stern alone gets 100 million a year.  No idea what Martha Stewart gets but I’m sure she’s pricey.  Any how, I don’t see many more people subscribing to satellite radio with the advent of internet radio apps for phones and in dash receivers coming soon to market.

[TechRadar]










Jeff B