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Quote:
Originally Posted by Macguy59
Not quite as XM/Sirius is going bankrupt
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1. They won't be going bankrupt any time soon. I'm a shareholder and if they were I'd sell immediately. With the debt relief loan they got from Liberty Media, they'll be good for a few years while they restructure (which they have been doing since the DOJ approved the merger). The merger created a ton of debt because of XM's poor financial performance AND the expenses of running a private Satellite network (as Janak correctly noted).
2. They have about 3.2 million subscribers. I'd hardly call that "no interest." That means 1% of Americans have paid radios from SiriusXM. Nothing to shake a stick at.
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