SubscribeCNN Money has an article about the possibility of Sirius XM filing bankruptcy. It includes a statement from Joe Bonner, an analyst with Argus Research. From the article:
There are assets there. Sirius XM has nearly 20 million customers that seem to like their service. That’s nothing to sniff at.
To just assume that every single Sirius XM subscriber likes their service would be a huge mistake. Tell that to the fans of the Bubba The Love Sponge show that were duped into believing that Sirius XM had re-signed the shock jock to a new contract (because that’s what they were told) only to find out that the show had been replaced with a taped delay rebroadcast of his Tampa terrestrial radio show.
If Sirius XM’s greatest asset is it’s 20 million subscribers, someone needs to tell them. I had to call Sirius XM customer service yesterday and it took me a good 20 minutes to get my question answered. This was after being put on hold twice.
