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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They have always been carrying a shit load of debt. The merger brought them more debt.