Quote:
Originally Posted by Twistys Tim
Something I do not understand about Sirius. They claim to have ~ 19 million subscribers, and yet the lose money. If there are 19M subscribers, each paying about $14 per month then that would be $2.6 billion in revenues per month, or $31 billion per year.
And yet they lose money.
Am I missing something...?
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Their subscriber numbers are also way off, as both XM and Sirius have a habit of keeping canceled subscriptions activated to artificially boost their numbers. For instance, I have like 5 XM units that I used to keep in my stores that still work, even though I canceled them in 2006. I don't get billed for them, and I have called a few times and have been told the subs are canceled.
Back in 2006, Opie and Anthony were suspended from XM for letting a homeless guy get on the air and say a few harsh things about Condoleeza Rice. Thousands of listeners canceled their XM radios in protest, and their units were still working weeks after they were canceled...