Today’s NYT has an interesting article on Sirius SR. The point is SSR is in trouble. In a few short years they have billions (yes with a “b”) of money to refinance…if they get someone to loan them the money.
The article makes a great point. One in which helps me with my own “Core Music Source Limbo”conundrum…Who needs satellites — or, for that matter, printing presses and delivery trucks — when the world is wired for broadband and Wi-Fi?
Here is the link to the full article, but it is on the cover of today business section too.
“The company has never turned a profit and cannot predict when it ever will. Cap that with the struggles of Detroit — the bulk of new satellite radio subscribers come from partnerships with automakers — and you have a set of obstacles that Sirius XM has to overcome at the very moment the recession seems to be deepening.”
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