bananaz

Major League Baseball Hits Sirius XM

I assume that the escro money is to assure payment to MLB over the life of the contract? If not, could SIRI us it as collateral, or at least use part of the money as collateral until the payments are due?

I am not a Baseball fan and am wondering if Baseball is a profitable venture for SIRI? I would ask the same of other contracts. It just seemed to me that, after the signing of Howard Stern, XM seemed to enter into a series of foolish deals to try to regain the momentum they were losing. I wonder if buying XM was like buying "a pig in a poke", so to speak.