P3K » Recession http://p3k.p3kn.net Est. 1999 Tue, 27 Mar 2012 16:00:24 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Sirius XM Might Bite The Dust http://p3k.p3kn.net/2009/02/11/sirius-xm-might-bite-the-dust/ http://p3k.p3kn.net/2009/02/11/sirius-xm-might-bite-the-dust/#comments Wed, 11 Feb 2009 23:05:20 +0000 Prig http://p3k.p3kn.net/?p=719 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…

]]> http://p3k.p3kn.net/2009/02/11/sirius-xm-might-bite-the-dust/feed/ 0 15 Companies that Might Not Survive 2009 http://p3k.p3kn.net/2009/02/09/15-companies-that-might-not-survive-2009/ http://p3k.p3kn.net/2009/02/09/15-companies-that-might-not-survive-2009/#comments Tue, 10 Feb 2009 00:58:27 +0000 Prig http://p3k.p3kn.net/?p=717 Yahoo! Finance posted an interesting article that highlighted 15 companies that might not see 2010. It will be interesting to repay this article a visit in another 10 month’s and see if the article made any correct predictions.

A few companies mentioned include Six Flags, Chrysler, & Rite Aid. To see the rest of the list, click here.

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