On Dec 16, 12:01*am, "David Eduardo" wrote:
Satellite radio is growing so much that the two companies had to merge to
survive, after losing over $10 billion since they launched. Subscriber churn
is producing a net loss in subscribers this year, while new installs have
slowed to nearly nothing due to the lack of new car sales.
http://www.todaysfinancialnews.com/u...nity-5671.html
They claim the subscriber base is growing but at a slower rate and
it's certainly losing a ton of money. The share price is down to 15
cents, so you are probably right that's it is going down the drain.
They are indeed in trouble in the US. I think Satellite radio in
Europe is much more solid financially.
So thanks for the information..... Cheers