Re: [Swprograms] Slightly OT: For whom the bell tolls

[Joe Buch <josephbuch@xxxxxxxxx>]

I remember when Sirius and XM were trying to convince the FCC to allow them to "merge".  Karmizan promised the moon like 30 ala carte channels of your choosing for $6.95 per month by the end of 2008.  

As far as I know, programable receivers which could take advantage of the ala carte offering never happened.  Now they announce their intent to raise the price for a second receiver on an account from $6.99 to $8.99 and start charging for their on-line service, which was free to subscribers, on March 11.

Karmizan now has a huge loss in his equity position and Howard Stern's stock is also near worthless (down 45% today at $.06 per share).  Couldn't happen to nicer guys.  Good riddance.

I hear Echostar's Charlie Ergen is wading into the sludge looking for that buried pony in there somewhere.  I hope he finds it.

Joe Buch  


--- On Wed, 2/11/09, Richard Cuff <rdcuff@xxxxxxxxx> wrote:

> From: Richard Cuff <rdcuff@xxxxxxxxx>
> Subject: Re: [Swprograms] Slightly OT: For whom the bell tolls
> To: rdesantos@xxxxxxxxx, "Shortwave programming discussion" <swprograms@xxxxxxxxxxxxxxxx>
> Date: Wednesday, February 11, 2009, 11:15 AM
> At a market price of 11.4 cents/share, I'd agree.  Seems
> to me that
> prospective users don't see enough value in the
> programming diversity
> -- as offered -- to pay for it.  Those who want diversity
> get it via
> their MP3 players and iPods, or accept the alternatives via
> terrestrial radio.
> 
> Then there's the overpriced talent, including its
> management (Mr.
> Karmizan) and its on-air talent (Howard Stern).  Neither
> appear to be
> worth what they've been paid.
> 
> Richard Cuff / Allentown, PA
> 
> On Tue, Feb 10, 2009 at 10:16 PM, Rob de Santos
> <rdesantos@xxxxxxxxx> wrote:
> > Sirius XM close to filing bankruptcy:
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