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Been holding off for years now to get sirius satellite for home and car....anyone having problems/issues since the XM Merger? Any reasons why now would be a good time to get it (price, etc.) or not a good time? Is it a hassle installing in the car? thanks.

phnzupp

Mike

stlrman wrote:Been holding off for years now to get sirius satellite for home and car....anyone having problems/issues since the XM Merger? Any reasons why now would be a good time to get it (price, etc.) or not a good time? Is it a hassle installing in the car? thanks.

phnzupp

Mike

You might check out these threads:
viewtopic.php?f=31&t=75291
viewtopic.php?f=31&t=75028

And then maybe google “Sirius” and “bankruptcy” . . . . .

I renewed my subscription for two cars the day before the news hit the fan!
It might be a very good time to get some very good prices on the hardware, but . . . . ?
You gotta think that Sirius/XM will be around in one form or another, but who knows?

I've had Sirius receivers in my cars and also hooked up to my home stereo for over 3 years. Love the service and I'll keep it as long as it is available......I do think the recent association with the parent of DirecTV may permit Sirius/XM to continue on in some fashion for the forseeable future.

One word of advice: If you get a receiver for your car definitely splurge and have a quality auto audio shop hardwire everything for you. For the first 2 years I used a self-install where you tune the receiver frequency to match the car radio. As you drive around and encounter a strong radio signal you must search for another weak frequency to go to. With the hard wire you never have to change frequencies again no matter where you drive (I drove from PA to Newport, RI and never touched the tuner.......). Also, can't tell you how many antennas I replaced because my installation always resulted in the wires eventually chaffing or breaking (the tiny wiring is the weak link in the antennas). Again, the audio shop ran the wiring through places I could never access and I've been using the same antenna now for over a year.

Hope my experiences help you in your decision......

Per XM if you purchase before March 11, 2009 and sign up for an extended contract, you will be able to listen online for free, after March 11th, they will charge 2.99 monthly; however, this will not be charged if you sign up for a long term commitment of 1,2,or 3 years or lifetime.

I have been an xm subscriber for 5 years, and I enjoy it. I enjoy it even more now that I get RM online now and in my auto, I am thinking about purchasing a one year contract.

I am concerned about the bankruptcy talk, too. I just don't want to pay 2.99 monthly to listen to concerts etc. I know you can listen directly through radio margaritaville, but it's not a clear and it sometimes drops off in the middle of shows, etc.

Hope that helps you decide.

Thanks for all your help!

Sirius XM Gets Liberty (Media) From Some Debt Pressure
By Jeffrey Yorke

Mel Karmazin's Sirius XM has chased away the wolves at the door for the time being, at least as far loans coming due this year. John Malone’s Liberty Media today handed over $350 million, the second part of the $530 million package of loans the two companies agreed to last month when Liberty gained 40% of the New York-based satellite radio operator.

“We are excited to have closed the second and final phase of our investment agreement with Liberty Media," Sirius XM CEO Karmazin said. "It is an example of the confidence our lenders and Liberty have in our business model. These transactions resolve all of the uncertainty surrounding the company’s and its subsidiaries’ debt maturing in 2009. Having addressed our near-term financial obligations, we remain focused on continuing to deliver on all the promise of the merger of Sirius and XM—a more efficient company offering the best programming through new packages to more subscribers.


Liberty president/CEO Greg Maffei said he was “pleased” to reach this phase of the agreement. “This closing allows Liberty to align itself with one of the most exciting companies in media today.”

Liberty has committed to loan an additional $150 million to XM Satellite Radio to be used to repay a portion of the outstanding principal amount of 10% convertible notes due December 1, 2009 of XM Satellite Radio Holdings Inc.

For its effort (and money) Sirius has issued about 12.5 million shares of new preferred stock convertible into 40% of common SIRI shares. With about 18 million shares of SIRI traded by midday, Sirius stock was up more than 3% or about a half cent, to 13.5 cents a share in a generally down market.


http://www.radioandrecords.com/RRWebsit ... ntID=47542

Hmmm... 13.5 cents a share... and they're celebrating?????

Glorfindel7 wrote:Hmmm... 13.5 cents a share... and they're celebrating?????

In today's market environment, unfortunately, yes..........

Talk about a potential and possibly good "Penny Stock". WTF? It might be well worth putting $100.00 (or more ) into. That is, if one plays/invests in the market for the long run.

I would tend to think SIRIUS should come back and perform very well. If all of the SIRIUS subscribers out there, is/are any indication, SIRIUS is a business that should be around.

And that would be true if Sirius got serious about their programming
(sorry couldn't resist... )

Glorfindel7 wrote:And that would be true if Sirius got serious about their programming
(sorry couldn't resist... )

Amen Brother!