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N.Y. Times Report Says Sirius XM Is Preparing Chapter 11 Filing

The NEW YORK TIMES is reporting that SIRIUS XM RADIO is working with its advisors to prepare Chapter 11 bankruptcy papers. The TIMES says that advisor JOSEPH A. BONDI of ALVAREZ AND MARSAL and attorney MARK THOMPSON of SIMPSON, THATCHER AND BARTLETT are working on the Chapter 11 filing, which the paper says "could come within days," according to a "person familiar with the matter."

../2186/443979.html"#f7f7f7" align=left> Author: Hwidsten
Saturday, February 21, 2009 - 3:48 pm

As we know now, the DirecTV people have bailed out Sirius/XM for the moment.

I've been listening to the music channels off and on since Sirius took over XM, and I wonder if you've noticed the difference in programmng philosophy that has changed the sound.

To my ears, the Sirius people have given the service a more "commercial Radio" sound, not quite as laid back as XM was before.

I hear the service as a lot more up front and in your face with more jock involvement. On the original XM, it was hard to tell if there was anyone there, or was the machine just rolling out the music. Now there seems to be a more human touch.

What do you think?

I have Sirius and before the merger, I frequently hopped between CH-16 (The Vault), CH-14 (Classic Vinyl) and CH-31 (Margaritaville).

Now, with the change in programming and channels, I find that I very rarely switch off of CH-16 (Deep Tracks).

I really like the new "mix" of music they have on CH-16. There is a much, much wider variety of music and actually there is more that I like and less that I don't care for!

I find that the jocks that are on 16 tend to talk and give a little history of the artist, group or song more than they did when it was just Sirius.

I like it a lot since the merger.