View Single Post
  #54   Report Post  
Old January 5th 09, 01:31 AM posted to rec.radio.shortwave
David Eduardo[_4_] David Eduardo[_4_] is offline
external usenet poster
 
First recorded activity by RadioBanter: Jun 2007
Posts: 1,817
Default 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.