Music-oriented FMs are utterly screwed - news/talk/sports on AM rules!
"Dave" wrote in message
m...
David Eduardo wrote:
"BoobleStubble" wrote in message
...
On Jan 4, 12:46�pm, RHF wrote:
"Music FMs of any flavor are utterly screwed... Right now -- while FMs
are losing the music audience to new media -- satellite radio is
offering more News/Talk/Sports programming than we can fit on AM
radio."
FM listening is relatively stable over the last 25 years, while AM is off
by 30%.
Satellite had a net loss of subscribers last year, with a horrible
Christmas season and low sales of new cars with pre-installs sealing that
coffin. XM Sirius has no cash and nearly a half-billion in debt due in
April.
They will declare bankruptcy and reorganize lean and mean. They are not
going anywhere but up.
They lost a collective $12 billion since launching, and are, even merged,
not profitable. With the auto industry in crisis, they may not survive or
will be sold to a media company... although few would want to take on the
operating losses.
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