bdp

Analysts Weigh in on Sirius' First Quarter as a Merged Company

When you think about it, it is a wonder Sirius even exists at all. They were nothing but a cash incinerator from the beginning. The mistakes that were most devestating were the ones that could have had them operating in the black right now. Whomever their deal negotiator is can be targeted as the one responsible for this current mess and should be crucified appropriately. Sirius has wasted ungodly amounts of money on negotiations that seem not to have been driven by company self interest but some other slanted agenda. I find it difficult to fathom that only poor judgment and stupidity were at play. Why $500,000,000 for Howard Stern? What skewed logic is responsible that figure? I am sure he would have settled for considerably less. Or maybe dump a few million into developing new tallent. Someone made the coment on a previous post that HBO didn't pay Tony Soprano $500 mil. Well, he was a result of new development and not an existing entity and started out at SAG scale + 15% along with the rest of the cast. And the merger with that crappy financing deal that is looming overhead. More slop. It's like having a value of xyz stock trading at $1 a share and putting in a blind buy order of a zillion shares at
$100 a share to be sure you complete the trade. My point is that there seems to have been a suspicious deficit of foresight. I can't believe Sirius had consciously negotiated so many idiotic deals that favored everyone but Sirius. It would be fascinating to know the truth.