Could Howard Stern be on the Unemployment line? Sirius Might Go Bankrupt! - Sitcoms Online Message Boards

Brian Damage · 02-11-2009, 02:47 AM

A bankruptcy filing by Sirius XM would have widespread implications not just for holders of the satellite radio company's debt and shares, but also for millions of listeners and for the celebrities like Howard Stern whose fat paychecks have made it harder for the company to pay its other bills.

The few poor souls who still hold Sirius XM (SIRI) stock may get poorer still. "I'll lose $1 million," says Michael Hartleib, a longtime activist shareholder. "They completely destroyed a perfectly viable company." Shares of the company closed at 11.39¢ on Feb. 10 after The New York Times said the company is preparing for a possible filing for Chapter 11 protection from creditors. Sirius declined to comment on the report.

http://www.businessweek.com/technolo...ge_top+stories

Big C · 02-11-2009, 03:09 AM

Yet another company suffers because a couple of idiots on Wall Street decided that selling was a good idea.

dawsongirl · 02-11-2009, 03:14 AM

XM was great until they merged with Sirius. But overall satellite radio is still better than terrestrial.

Let's just say that if it's between going under or firing the fat paychecks, then can Stern and Martha Stewart and whoever else.

TVFactFan · 02-12-2009, 01:37 AM

Quote:

Originally Posted by Brian Damage

A bankruptcy filing by Sirius XM would have widespread implications not just for holders of the satellite radio company's debt and shares, but also for millions of listeners and for the celebrities like Howard Stern whose fat paychecks have made it harder for the company to pay its other bills.

The few poor souls who still hold Sirius XM (SIRI) stock may get poorer still. "I'll lose $1 million," says Michael Hartleib, a longtime activist shareholder. "They completely destroyed a perfectly viable company." Shares of the company closed at 11.39¢ on Feb. 10 after The New York Times said the company is preparing for a possible filing for Chapter 11 protection from creditors. Sirius declined to comment on the report.

http://www.businessweek.com/technolo...ge_top+stories

Brian you know and I know there will always be a job waiting for Stern-lol

02-11-2009, 02:47 AM	#1
Brian Damage I'm Rich Bitch Forum Icon Join Date: Feb 03, 2002 Location: What Ain't No Country I Ever Heard Of...They Speak English in What? Posts: 63,107	Could Howard Stern be on the Unemployment line? Sirius Might Go Bankrupt! A bankruptcy filing by Sirius XM would have widespread implications not just for holders of the satellite radio company's debt and shares, but also for millions of listeners and for the celebrities like Howard Stern whose fat paychecks have made it harder for the company to pay its other bills. The few poor souls who still hold Sirius XM (SIRI) stock may get poorer still. "I'll lose $1 million," says Michael Hartleib, a longtime activist shareholder. "They completely destroyed a perfectly viable company." Shares of the company closed at 11.39¢ on Feb. 10 after The New York Times said the company is preparing for a possible filing for Chapter 11 protection from creditors. Sirius declined to comment on the report. http://www.businessweek.com/technolo...ge_top+stories
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02-11-2009, 03:09 AM	#2
Big C I Heart Angie Watson Forum 3000 Club Member Join Date: Oct 21, 2006 Posts: 3,531	Yet another company suffers because a couple of idiots on Wall Street decided that selling was a good idea.

02-11-2009, 03:14 AM	#3
dawsongirl Member Forum Icon Join Date: Jan 04, 2001 Posts: 53,140	XM was great until they merged with Sirius. But overall satellite radio is still better than terrestrial. Let's just say that if it's between going under or firing the fat paychecks, then can Stern and Martha Stewart and whoever else.