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Friday, January 16, 2009

XM/Sirius Cancels Charley Steiner's "Baseball Beat"

Via BTF, XM/Sirius has cancelled Charley Steiner's Baseball Beat show. It's too bad, because I really liked it.

They've been steadily killing off various baseball-related programming; I guess it was difficult for them to pay for all that and MLB licensing. The BTF thread suggests that XM may go bankrupt sooner rather than later because of "difficult-to-refinance, debt maturities this year". On the other hand, the company has been taking defensive measures to keep itself alive, authorizing a reverse stock split and the sale of additional (dilutive) shares.

Laguna Niguel's Save Sirius has more on this.

Update: Charley Steiner's farewell post on his blog.

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Comments:
I am definitely sad to see Steiner's show go... XM doesn't know what it's doing.
 

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