Discussion in 'General Discussion Archive' started by Sinn Fein, Feb 27, 2008.
Satellite radio in limbo as merger stalls
Merger is stalled...Karmazin wants Hoo Hoo to extend for less money
Basically it looks like Sirius is reliant on Hoo Hoo and nothing else. Good luck with that.
I guess he is sugessting/realizing Hoo hoo isn't really worth it....
"Great content costs money," Karmazin reminded analysts Tuesday during a conference call to discuss quarterly earnings.
"If Howard is on the call and listening, if he would like to extend his deal at less money, we would be interested in that,"
Sounds like the merger may be fucked. Too bad.
I blame the Jews....HooHoo,Melvin they are Ripping Me Off....
He's one of the big selling points in every Sirius ad I've ever seen. But then I guess Mel's not going to issue press releases calling his buddy's show a money pit that maxed out the number of subscribers he was capable of bringing in years ago.
And yes, let's bring him back at less money. You know, because he's delivering such inspired radio with his current salary and I'm sure will try even harder at a reduced rate. "whaa"
He was not talking about selling Stern to subscribers, he was talking about selling Stern to advertisers. The ad dollars have not been there for satellite radio, just listen to the crap advertisers both Stern and O&A have. I tend to think cash for gold would not be there if they had to pay Stern's old rate. Sirius only took in 35 million ad dollars, given Mel's history he'd have to have thought they'd be well over 100 million by now.
Oh I'm sure, but even with that as the floor that would still leave 80% of Stern's salary which would have to be justified by subscriptions... and that's if you assumed every single ad on Sirius could be attributed to Howard.
I just love watching Mel squirm. :icon_mrgr
Stern may have almost been worth the initial pop... to bring the 1/20th or so of his hardcore zombies on board with Sirius... but that's a one time shot. Whatever they give him after his five years is up, will just be gasoline on the conflagration that is Sirius.
Stern will probably end up sending both companies crashing down in flames, and he'll probably jump ship right before the whole mess hits the ground... just wait and see.
Stern Is Gonna Sink That Company
You know what, I've said it here before, and I'll say it again. I know some DIE HARD Stern fans who have never bothered to subscribe to Sirius because they have said themselves the show is not what it used to be anymore, or it's not worth the money, or they're waiting on the merger, etc. Basically a stream of excuses. And that's just the fans. If the company who's employing him is having second thoughts or regrets, that is BAD....but I love it
Call me a dinosaur, then, because I don't see this merger doing anything but fucking over the consumer.
Can some one explain how when they merge how it will save money? They will still have to pay for all current content O&A, Stern, news , sports ETC. and 2 sets of satellites. The only thing i can see that they will save money on is they will need 50 ipods for the music channel instead of 100. and the salaries of bunch of executives.
Ding! Ding! Ding!
Everything and everybody XM in Washington DC... GONE! Count on it.
But even after that bloodletting... you're correct... the reduction in operating costs after combining the two companies, trimming the redundancy, and eliminating jobs still won't be nearly enough to make the new company profitable... it won't even bring them close to break even.
One company would be in a better position to negotiate with the car makers, Stern and the sports leagues, bringing costs down. Both companies are in alot of trouble and a merger may not cure them, but it's their best chance. For all the talk here about Sirius needing this to bail them out, it's very possible XM would be the one to close its doors if this fails. XM's subscriber acquisition costs have been going through the roof over the last couple quarters while Sirius has been bringing theirs down. XM was the company who accepted the buyout. Both companies will need more money to continue operations, given Karmazin's history he will have a much better chance of getting it on his terms.
What I have never understood is why this deal makes any sense for XM. Sirius has obviously overspent for programming and cannot recoup that investment through subscribers and ad revenue. Spending more than you earn = bankruptcy. Let Sirius fail, then pick up the pieces, such as NFL for much less money.
okay...you're a dinosaur
And I've been saying the same as you since the merger plans were announced
Mel's comments seem to give credence to the fear some have that satellite radio will be laden with 15-minute stretches of commercials like terrestrial radio has now... It sure seems like he's focused on bringing more advertising to the platform...
Jeepers this is a mess.
Either that or they need some higher quality advertisers to spend real money instead of Tahiti Village, Ashley Madison, Cash4gold, etc...
A failed merger sounds good to me.
The fact that consumers who are currently not being over-burdened with commercials on a pay service will most likely find themselves in that position should be enough of a reason for the merger to not happen. That, combined with the fact that nothing good will come out of it for O&A as well as their fans, is why I am solidly opposed to it.
Satellite = Betamax
The Beta format was far superior to VHS in both sound and video.
I still have a working Betamax player that plays all formats of beta
I, II and III. VHS couldn't touch it. Price was the big downfall.
People aren't going to pay for sat rad if it goes to way more commercials
because they can get that for free as it is now.
The competition from Ipods and MP3 players that can give you
commercial free music that you want to hear and the still readily
available music from "free" stations on FM will be tough to beat.
I dont know why they just dont give up on this. Its obvious this shit aint going through.
Melvin was trying to buy Howie a high billable audience by "merging" with XM.
Too bad, Melvin is nothing more then an ad salesman in disguise, he's no CEO who understands satellite's niche.
Fuck him, Howie, and the stoopid merger.