siriusxm – DIYmedia

Recently I stumbled across the site of Radio Wars, a documentary on the development of satellite radio in the United States.
It’s difficult not to be suspicious of grandiose claims, such as these: “[F]ew of radio’s struggles have been as dramatic as satellite radio’s battle in the stars. This clash turned traditional radio business models upside down, redefined free speech, and put over one million investors on a billion dollar rollercoaster ride as companies Sirius and XM fought to survive.”
It would be interesting to see “behind the scenes of the Sirius XM satellite radio story,” but the service’s impact on the practice of broadcasting is a bit overblown. Continue reading “Satellite Radio "Documentary" In Production”

So last year’s merger of Sirius and XM Satellite radio was supposed to save that particular segment of the broadcast industry. Ain’t happening: Sirius-XM CEO Mel Karmazin sounds positively desperate to avoid bankruptcy, but nevertheless the company’s drawing up the papers to go the Chapter 11 route.
What happened? Lots of things: launching not one, but two, satellite radio networks is hella-expensive. That initial capital outlay has never been recouped. Secondly, Sirius itself bet the farm on talent – the only person that’s made money out of satellite radio is Howard Stern, and he’s been laughing all the way to the bank. Continue reading “Sirius-XM: Wall Street, We Have A Problem”