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 Send to email | While SIRI-XMSR Wait For FCC, Market Deteriorates in SIRIXMSRAAPL |  By Silicon
el 03-Jun-2008 |
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 Sirius Satellite Radio (SIRI) and XM Satellite Radio (XMSR) may yet get their merger approved after 15 months or so. At that point, who's going to care?
While Sirius and XM wait for the FCC to rule, the WSJ looks at the deteriorating market conditions taking their toll on both businesses.
- Satellite radios aren't selling at retail: sales declined 35% across both companies last year.
- Sales of new cars, the biggest source of new radio activations, are also slowing.
- Each company has more than $200 million in cash, but reserves are dwindling.
- Both have convertible bonds, $400 million for XM and $300 million for Sirius, that re-up next year.
- XM said it will tap a $150 million credit facility from GM for the first time this year.
Stifel Nicolaus analyst Kit Spring says he's looking for added pressure on consumer discretionary spending (higher gas, food prices, etc.) to start showing up in both company's Q2 churn rates. Makes sense to us. Meanwhile satellite's competitors aren't letting up: Combined, the two companies have about 18 million subs. But last year Apple (AAPL) sold 21 million iPods, and 54 million people supposedly listened to Internet radio.
Related: FCC: We'll Rule On Sirius - XM By The End Of June
Sirius: FCC Delay Hurting Satellite Radio Sales
DOJ Approves Sirius-XM Merger
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 | Joystiq |  Blogger | Covers video game news from an independent, unbiased perspective
Joystiq Joystiq |
| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
Joystiq Joystiq |
| Ding! Majesco serves up more Cooking Mama for Wii |  Filed under: Nintendo Wii, Casual
While we wait (and wait, and wait ... ) for an official Iron Chef game (maybe if we clap our hands and click our heels it'll happen?) there's a new entree on the cooking game menu fro [..] Read complete article | | Published 01-Jul-2008 by Randy Nelson in cooking-mamacooking-mama-world-kitchenmajesco
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Wait For Next Fallout Won't Be Too Long [Fallout 3] | | The wait between Fallout 2 and Fallout 3 was way too long, Eight years too long, in fact. So will we have to wait close to another decade to get our hands on, say, Fallout 4? Speaking to Reuters, Todd Howard, executive producer at Bethesda Softworks, discu [..] Read complete article | | Published 23-Oct-2008 by Jim Reilly in Fallout 3 Bethesda Fallout
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| So, *How* Long Until Half-Life 2: Episode Three? [Valve] | | If there's one thing Valve excels at, it's making us wait. If you thought the wait between Half-Life 2 and the episodes that followed it were long, expect to wait even longer for the third (and final?) episode in the continuing adventures of Gordon Freeman. Valve [..] Read complete article | | Published 15-Oct-2008 by Michael McWhertor in Valve doug lombardi Half-Life 2 Half-life 2: episode three
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
Joystiq Joystiq |
| Cliff Bleszinski is done being CliffyB |  Filed under: Culture
CliffyB is no more. Wait, wait, don't cry. The Gears of War designer didn't give himself brain damage in a freak hair dye accident or anything. (Although we're still haranguing him about his use of plut [..] Read complete article | | Published 22-May-2008 by Justin McElroy in cliff-bleszinskicliffybepic-games
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Would You Buy An Apple Gaming Console? [Apple] | | The prospect of another company jumping into the console market is laughable to most people, and for good reasons. It isn't a market you can just leap right into. You need connections, capital, and consumers hungry for any product you put on the market. Over at Cnet's The Dig [..] Read complete article | | Published 15-Sep-2008 by Mike Fahey in Apple Console Wars Culture Discussion Editorial IPOD GAMING
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From Clusterstock: New wrinkle in the interminable and ridiculous SIRI-XMSR saga. Sirius CEO Mel Karmazin is now being accused of misleading Congress about the Sirius [..] 
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"3000" no longer. We hereby dub thee: PSP Brite. Wait, wait, wait: PSP BRITE(Damn, aren't t [..] 
