Sirius-XM, the US subscription satellite radio service which has been a beacon of hope for audio broadcasters around the world is in financial trouble, according to the New York Times. But the way out may be persuading someone else to take over, rather than closure.
As another example of the domino effect of recessions, the NYT says "the company’s success and failure are also tied to the faltering fortunes of the automobile industry, which sells vehicles with its radio technology installed and represented the largest customer base among Sirius XM’s 20 million subscribers"
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