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such as XM and Sirius (well they're both the same now)

 

I have XM radio, I have had it since 2006 and I am not happy at all about the merger! It's satellite radio, not terrestrial, so I thought channels never got cut off! That's half the reason why i got it! Yet they replaced my favorite channel, XM 67 The City (Hip Hop). Alot of channels were cut, most of them with similar replacements, but their old school rap channel was cut and nothing replaced them.

 

Not to change the subject lol but I felt like saying this to someone :Z:.

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I have XM radio, I have had it since 2006 and I am not happy at all about the merger! It's satellite radio, not terrestrial, so I thought channels never got cut off! That's half the reason why i got it! Yet they replaced my favorite channel, XM 67 The City (Hip Hop). Alot of channels were cut, most of them with similar replacements, but their old school rap channel was cut and nothing replaced them.

 

Not to change the subject lol but I felt like saying this to someone :Z:.

 

Yup, Agreed. I have XM and now my favorite DJ's and stations are gone. Even some of my personal friends who worked there were laid off.

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  • 1 month later...

Yeah,

 

It's their sly way of trying to save money and be financially stable in the Recession. They combined their progrmming with the best of each genre, some from different sides. A replacement for 67 The City was launched a little after my post so now i'm happy, but all of XM's Urban Channel's were replaced axcept for The Groove, which was low rated, so I have no clue how that makes any sense?? Lol my girlfriend didn't care at all when her favorite channel, 26 Flight 26 was replaced with The Pulse, it was really just the urban music listeners that were screwed for a few months. And, the old school rap channel was relaunched a few weeks ago by popular demand (haha!) so that post is very obsolete lol.

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Correct me if I'm wrong, but I'm pretty sure that the merger proposals started long before we saw the recession coming....

 

Correct. I'll even go as far as to say, this is STILL one of the most profitable companies available on the street.

 

The issue with SIRI's finances is strictly DEBT. The current stock price is only because of the matured debt that is coming around now with the credit freeze that is currently in place with our markets.

 

This is an extremely solid, profitable, stable company with great credit that has been hit hard by the Credit Freeze imposed by banks after TARP releases.

 

1 or 2 years ago, (when we were "blind" to what was really happening) anyone would have lent or re-assumed this debt for SIRI based on their income/operating expenditure ratio.

 

They are in a rock and a hard place just like any mom/pop. It goes to show just how controversial the "Big Bank's Decisions" are.

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