
12-26-2006
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Senior Member
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Join Date: Apr 2006
Posts: 7,085
Rep Power: 8
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"The satellites are already in the sky - so the companies will someday declare Chapter 11 and reorganize if they aren't able to turn it around."
Satellites are cheap. Expenses of running the earthstations, administering all the accounts (they broadcast "kill codes" if you don't pay), doing the paperwork, and the monthly payments to lucrative franchise holders like the NBA and NLB are the real problem.
How many payments of $12.95/month does it take to fund the first billion to Howard Stern, or Major League Baseball? If the satcos go bankrupt and the big contracts are voided...who is to say those will ever be remade?
I like the music (don't own one, have visited with folks who do) but "Yet another hundred dollars in communication subscriptions every year" just turns me off. Too many hands in my limited pockets!
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