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Sirius XM Might Bite The Dust

In regards to my last post it appears that Sirius XM might be preparing for bankruptcy.

It has hired advisers to prepare for a possible bankruptcy filing, people involved in the process said.

That would, of course, be a grim turn of events for the normally upbeat Mr. Karmazin, Sirius XM’s chief executive, who had hoped to create a mobile entertainment juggernaut with stars like Howard Stern.

It is unclear how a bankruptcy would affect customers. Service is unlikely to be interrupted, but the company might have to terminate contracts with high-priced talent like Mr. Stern or Martha Stewart. – NY Times

So nothing to be alarmed with yet, but definitely something to watch out for in the future…