Nostalgic Rumblings
The Ramblings of an Old Man




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2/14/2009


Secret Service Agent Returns to Fox’s “24″

Filed under: Television — Charlie Summers @ 5:42 pm

From the Associated Press via Yahoo: Secret Service Agent Returns to Fox’s “24″

Secret Service Agent Aaron Pierce returns Monday night…played by veteran character actor Glenn Morshower, Pierce also happens to be the only other character besides Bauer to have appeared in all seven seasons of the show.

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Sirius XM Preparing Worst-Case Scenario

Filed under: News, Radio Today — Charlie Summers @ 5:17 am

From the Washington Post: Sirius XM Preparing Worst-Case Scenario

From the article: “Sirius XM Radio said yesterday that the company may file for bankruptcy as early as Tuesday if it cannot find a way to renegotiate its debt payment of $175 million.” Well, yeah - the debt payment is due Tuesday, so “as early as” should read “at the last possible moment.” Then there’s the debt payment due in May…and the one in December…and the loss of revenue caused by increasing the rates…and…and…who could possibly want to purchase this company with the mass of debt it’s accumulated?

Ah, an article from Moneywatch (Why satellite-TV moguls see value in Sirius XM) explains a bit why it would be of value to the satellite TV operators. And check out these pull-quotes: “[Don Hodges, co-portfolio manager of the Hodges Fund said], ‘I’m beginning to wonder if [Sirius and XM] should have even merged; since the merger has been completed, it’s just gone downhill. XM had some value before the merger. I’m pretty disillusioned with the whole thing.’ ‘I hope somebody does come in and take it away from [Chairman Mel] Karmazin, because he obviously doesn’t know what he’s doing.’”

Well, it isn’t like many of us didn’t see this coming…

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