Over at the media breakfast panel Greg Wyatt a local radio station owner says that Sirius and XM will be bankrupt shortly and that OnStar might buy them.
I don't really agree with him, but it was a bold statement.
Over at the media breakfast panel Greg Wyatt a local radio station owner says that Sirius and XM will be bankrupt shortly and that OnStar might buy them.
I don't really agree with him, but it was a bold statement.
Visitor Comments
Greg Wyatt knows his stuff. I was in PSL when Greg and his wife bought the station. The guy was one of the first ESPN anchors. He's worked in the big TV markets. And the guy knows radio.
Posted by: Jeff | June 10, 2006 11:14 PM
I hope he's wrong. I love my XM. I listen at least 10 hours a day. It's on constantly on my desktop at work. Then I listen in the car.
I think this local radio station owner is just bitter because he's losing precious market share.
Remember, I'm an old radio producer from Q105 in Tampa... I can't stand listening to local radio anymore and I still have friends in the biz.
Are XM and Sirius spending too much to obtain new customers? yes. absolutely...
They need to stop worrying about the war and make sure to service their existing millions of customers so that lifetime value starts to pay off.
Posted by: Marketing Gorilla | June 11, 2006 7:08 PM
With all due respect, I hope Greg is wrong as well. Although I do not have XM myself (think poor college student), I have many friends who have it and absolutely love it.
While there is the occasional morning show that has grabbed my attention on my ride to work, the local radio currently consists of the same 10 songs played over and over again, intersected by a loud, annoying car commercial.
XM and Sirius have a good thing going for them. Twenty or 50 years ago it would be hard to convince people that we would one day be paying for radio.
Posted by: Monica | June 12, 2006 2:51 PM
I think it's interesting that satellite radio is spiraling downhill, assuming that Wyatt's statement is true. I have to wonder if satellite radio is following in the footsteps of it's ancestor, the satellite phone. If my knowledge is correct, the only people who use satellite phones now are the military. I remember when this idea came out for civilian use, and everything I heard "on the street" about it was that it was going to change the way people talked to each other. Anywhere on earth, and you could get signal. It was the cell phone of the next century. And then it went away. Those who invested had to count it as a loss. It came and went just like a clothing fad. I wonder if satellite radio is heading for the same destiny?
Posted by: brandie | June 13, 2006 12:11 AM
Greg doesn't know what he's talking about, another one of his BS statements. FYI, he has to be one of the biggest morons on the planet and just cause he's been in the biz for awhile doesn't make him radio savy. I've been in the biz longer and I know personally that he is an huge idiot and an even bigger Azzhole. Greg needs to worry about his own stations going bankrupt cause this guy doesn't know up from down. Watch out Greg they're come for you...True that!
Posted by: Bubba | June 22, 2006 12:02 PM