1 00:00:00,320 --> 00:00:03,000 Speaker 1: Brought to you by the reinvented two thousand twelve Camray. 2 00:00:03,200 --> 00:00:08,760 Speaker 1: It's ready. Are you get in touch with technology? With 3 00:00:08,920 --> 00:00:13,200 Speaker 1: tech stuff from how stuff works dot com. Hey there, 4 00:00:13,240 --> 00:00:15,680 Speaker 1: welcome to the podcast. My name is Chris Poette. I'm 5 00:00:15,680 --> 00:00:17,919 Speaker 1: an editor here at how Stuff Works, and today I 6 00:00:18,000 --> 00:00:22,040 Speaker 1: have with me Jonathan Strickland, a writer. Hey there, it's 7 00:00:22,079 --> 00:00:25,799 Speaker 1: my radio voice. All right, Speaking of radio, we're today 8 00:00:25,840 --> 00:00:28,560 Speaker 1: we're going to discuss a topic that's near and dear 9 00:00:28,600 --> 00:00:32,000 Speaker 1: to my heart, which is satellite radio. And I should 10 00:00:32,280 --> 00:00:34,360 Speaker 1: confess that it's near and dear to my heart for 11 00:00:34,440 --> 00:00:36,560 Speaker 1: a couple of reasons. One, I've been a satellite radio 12 00:00:36,600 --> 00:00:40,680 Speaker 1: subscriber since two thousand and two. I am also, I'm 13 00:00:40,680 --> 00:00:43,239 Speaker 1: honestly on the on you know, sake of clarity, I 14 00:00:43,280 --> 00:00:47,560 Speaker 1: am a stockholder of what is now Serious XM Radio 15 00:00:47,640 --> 00:00:49,600 Speaker 1: since the two of them merged not too long ago. 16 00:00:49,920 --> 00:00:52,479 Speaker 1: Um So, of course, feel free to throw things at 17 00:00:52,479 --> 00:00:56,360 Speaker 1: me if I get too excited. I always do, all right. So, 18 00:00:56,600 --> 00:01:02,440 Speaker 1: satellite radio, you might say that's of an odd idea. Well, yeah, 19 00:01:02,480 --> 00:01:05,240 Speaker 1: you know, this is not Marconi's idea of radio, you know, 20 00:01:05,280 --> 00:01:08,720 Speaker 1: which was essentially that the frequencies are traveling through the 21 00:01:08,760 --> 00:01:11,640 Speaker 1: air and you pick them up once they've been broadcasting 22 00:01:11,880 --> 00:01:17,280 Speaker 1: those signals. AM you know carries aways and FM carries aways, 23 00:01:17,280 --> 00:01:20,360 Speaker 1: and they both have their advantages and disadvantages. But satellite 24 00:01:20,400 --> 00:01:24,440 Speaker 1: radio UM has bounced off of satellites that are in 25 00:01:24,600 --> 00:01:30,560 Speaker 1: orbit around the Earth, and UH, the UM enhancement here 26 00:01:30,680 --> 00:01:35,080 Speaker 1: is it's gotten more bandwidth than the average FM signal, 27 00:01:35,120 --> 00:01:39,440 Speaker 1: So you're getting more information in the signal, you're probably 28 00:01:39,440 --> 00:01:43,679 Speaker 1: getting better quality sound, and UH it also allows you 29 00:01:43,760 --> 00:01:47,400 Speaker 1: to listen to channels on the go. You can basically, 30 00:01:47,480 --> 00:01:50,760 Speaker 1: if you're in the United States or Canada, you're able 31 00:01:50,800 --> 00:01:54,280 Speaker 1: to subscribe to satellite radio and you could drive from 32 00:01:54,280 --> 00:01:56,880 Speaker 1: one end of the country to the other without losing 33 00:01:57,280 --> 00:01:59,600 Speaker 1: the signal that you're listening to. Right, You wouldn't have 34 00:01:59,640 --> 00:02:01,720 Speaker 1: to sit there and keep fiddling with your radio and 35 00:02:01,760 --> 00:02:04,919 Speaker 1: try and find that one station that's not playing country 36 00:02:04,960 --> 00:02:10,000 Speaker 1: exactly right. UM. So it's uh, it's pretty nifty for 37 00:02:10,000 --> 00:02:14,480 Speaker 1: for music aficionados, especially UH speaking again and you know 38 00:02:14,520 --> 00:02:18,959 Speaker 1: from my own personal experience, because both what have been 39 00:02:19,000 --> 00:02:22,960 Speaker 1: operating as individual companies, Serious Satellite Radio and XM Satellite 40 00:02:23,040 --> 00:02:26,200 Speaker 1: Radio UH in the United States and Canada. Both of 41 00:02:26,240 --> 00:02:31,200 Speaker 1: them offer dozens of music channels. Um. They also offer 42 00:02:31,360 --> 00:02:35,480 Speaker 1: a variety of other programming news, sports radio, talk radio, 43 00:02:35,560 --> 00:02:40,200 Speaker 1: public radio, UH, special interest radio, traffic and weather. You know, 44 00:02:40,280 --> 00:02:42,400 Speaker 1: so the people who subscribe to satellite radio are the 45 00:02:42,440 --> 00:02:45,800 Speaker 1: kind of people who want a university of programming and 46 00:02:45,800 --> 00:02:49,000 Speaker 1: they wanted on no matter where they go. It's primarily 47 00:02:49,080 --> 00:02:52,040 Speaker 1: used by people in cars and trucks, although you know, 48 00:02:52,080 --> 00:02:53,880 Speaker 1: some of us bring ours in and listen to it 49 00:02:53,919 --> 00:02:57,959 Speaker 1: at our desk while we're working. Um So, it's that's essentially, 50 00:02:58,000 --> 00:03:00,880 Speaker 1: in a nutshell, what satellite radio is, right and and 51 00:03:01,560 --> 00:03:05,080 Speaker 1: before the merger, when you could talk about XM and 52 00:03:05,160 --> 00:03:08,880 Speaker 1: Sirious as two separate companies, you could really talk about 53 00:03:08,919 --> 00:03:12,040 Speaker 1: the differences between them. Now those differences still exist even 54 00:03:12,040 --> 00:03:14,520 Speaker 1: though it's one company. You have two different systems that 55 00:03:14,560 --> 00:03:17,080 Speaker 1: you're working with. And we should give you a little 56 00:03:17,160 --> 00:03:20,160 Speaker 1: quick rundown on that. And now XM Radio has a 57 00:03:20,360 --> 00:03:23,840 Speaker 1: four satellites that travel in a geo stationary orbit. That 58 00:03:23,840 --> 00:03:26,560 Speaker 1: means they stay in a fixed position above the Earth. 59 00:03:27,080 --> 00:03:30,880 Speaker 1: Um So, as the Earth turns, these stay exactly where 60 00:03:30,880 --> 00:03:33,280 Speaker 1: they are. And it's supposed to give you that coverage 61 00:03:33,320 --> 00:03:36,920 Speaker 1: that Chris was talking about nationwide thank you, Arthur C. Clark, Yes, 62 00:03:37,400 --> 00:03:41,600 Speaker 1: thank you very much. So those are Those are named 63 00:03:42,040 --> 00:03:47,160 Speaker 1: rock Roll, Rhythm and Blues, which is much cooler sounding 64 00:03:47,160 --> 00:03:49,160 Speaker 1: than x M one, x M two, x M three. 65 00:03:49,240 --> 00:03:53,800 Speaker 1: They're also named that. But anyway, moving on now serious. 66 00:03:53,880 --> 00:03:58,200 Speaker 1: They also have four satellites. One of them is GEO stationary, 67 00:03:58,360 --> 00:04:00,800 Speaker 1: the other three are not, which means they actually kind 68 00:04:00,800 --> 00:04:04,040 Speaker 1: of drift over the United States in a certain pattern, 69 00:04:04,600 --> 00:04:08,040 Speaker 1: and now the coverage is still there. It's just that 70 00:04:08,200 --> 00:04:13,600 Speaker 1: it's uh as as one satellite is moving away from 71 00:04:13,600 --> 00:04:18,240 Speaker 1: covering North America, another satellite is coming directly over North America, 72 00:04:18,320 --> 00:04:23,600 Speaker 1: so you're there. Theoretically you don't lose any coverage that way. UM. 73 00:04:23,640 --> 00:04:26,320 Speaker 1: So those are the Those are the differences just from 74 00:04:26,400 --> 00:04:30,440 Speaker 1: satellite point of view. But they also use different proprietary coding, 75 00:04:31,040 --> 00:04:34,640 Speaker 1: so if you have a serious radio, you can't pick 76 00:04:34,720 --> 00:04:38,960 Speaker 1: up and decode x M signals and vice versa. Not yet, 77 00:04:39,120 --> 00:04:43,719 Speaker 1: not yet. Um, you were theoretically supposed to at some point, 78 00:04:43,760 --> 00:04:45,920 Speaker 1: but that never happened, although it's supposed to happen now 79 00:04:45,960 --> 00:04:51,120 Speaker 1: that they are one company. Yeah, the merger was a 80 00:04:51,240 --> 00:04:54,960 Speaker 1: very very long process in coming. It had to overcome 81 00:04:55,520 --> 00:04:58,479 Speaker 1: a number of objections. Uh. You know, there are major 82 00:04:58,520 --> 00:05:01,240 Speaker 1: lobbying groups like the National S Station of Broadcasters who 83 00:05:01,240 --> 00:05:04,839 Speaker 1: were against it. Uh. They argued and and you might, 84 00:05:05,320 --> 00:05:08,080 Speaker 1: as the listener, argue that hey, you know, there were 85 00:05:08,080 --> 00:05:10,679 Speaker 1: two companies now there are only one. Yeah. In fact, 86 00:05:10,920 --> 00:05:14,680 Speaker 1: the FEC, as part of the condition of giving them 87 00:05:14,720 --> 00:05:19,039 Speaker 1: licenses to operate these services, uh, expressly said, you know, 88 00:05:19,160 --> 00:05:22,840 Speaker 1: you may not merge, but you know, market conditions, it's 89 00:05:22,839 --> 00:05:25,960 Speaker 1: not cheap to launch a satellite um and maintain it 90 00:05:26,080 --> 00:05:28,440 Speaker 1: and maintain the you know, the number of people it 91 00:05:28,520 --> 00:05:30,240 Speaker 1: takes and do all the advertising to get people to 92 00:05:30,279 --> 00:05:32,640 Speaker 1: sign up. So both of these companies have been operating 93 00:05:32,640 --> 00:05:34,800 Speaker 1: in a loss for for quite some time. I mean, 94 00:05:34,800 --> 00:05:36,839 Speaker 1: they're making some money, but it takes a lot of 95 00:05:36,839 --> 00:05:40,800 Speaker 1: money to to get more subscribers. So you know, that 96 00:05:40,920 --> 00:05:43,080 Speaker 1: was a lot of the reason behind why they were 97 00:05:43,120 --> 00:05:47,800 Speaker 1: trying to merge. And eventually they overcame the objections of 98 00:05:47,800 --> 00:05:50,640 Speaker 1: of the lobbyists and the well they didn't overcome those, 99 00:05:50,640 --> 00:05:54,600 Speaker 1: but the government agency agencies like the Department of Justice, 100 00:05:54,680 --> 00:05:59,080 Speaker 1: the SEC, the FCC finally came together and decided, well 101 00:05:59,120 --> 00:06:01,280 Speaker 1: it's it's okay. It was sort of grudging. They had 102 00:06:01,279 --> 00:06:05,520 Speaker 1: to give up a lot, uh, twenty million dollars v 103 00:06:05,800 --> 00:06:08,120 Speaker 1: they had to freeze rates for three years. You know, 104 00:06:08,160 --> 00:06:09,920 Speaker 1: a lot of things that they had to do. Was 105 00:06:10,040 --> 00:06:12,840 Speaker 1: very difficult for them to do it. But they finally 106 00:06:12,920 --> 00:06:16,880 Speaker 1: merge and it wasn't it wasn't a blowout by any means. Uh. 107 00:06:17,160 --> 00:06:19,440 Speaker 1: The FCC came to a decision. It was a three 108 00:06:19,480 --> 00:06:24,000 Speaker 1: two decision, so three four two against and um and 109 00:06:24,320 --> 00:06:26,159 Speaker 1: I mean you might be shocked to hear this, but 110 00:06:26,200 --> 00:06:30,080 Speaker 1: it went straight down party lines, three Republicans voting for 111 00:06:30,320 --> 00:06:37,080 Speaker 1: the merge and two Democrats saying please know so um yeah, 112 00:06:37,120 --> 00:06:39,800 Speaker 1: I mean it's it's one of those things that people 113 00:06:39,839 --> 00:06:44,000 Speaker 1: still feel a little unsure about. For one thing, there's 114 00:06:44,080 --> 00:06:48,279 Speaker 1: the concern that since there's only one satellite radio company 115 00:06:48,480 --> 00:06:52,480 Speaker 1: really in the United States at this point, it's a monopoly. Now. 116 00:06:52,760 --> 00:06:56,320 Speaker 1: The the counterpoint to that argument is to say that, no, 117 00:06:56,520 --> 00:06:59,200 Speaker 1: of course, not satellite radio is is competing with many 118 00:06:59,240 --> 00:07:03,359 Speaker 1: other industries now, they're they're not other satellite radio companies, 119 00:07:03,760 --> 00:07:07,600 Speaker 1: not in the United States and Canada, right right exactly, 120 00:07:07,640 --> 00:07:12,600 Speaker 1: I'm just on the US and North America here. So, um, so, 121 00:07:12,640 --> 00:07:14,920 Speaker 1: what you're talking about here is is competing with things 122 00:07:15,000 --> 00:07:18,520 Speaker 1: like just traditional radio, so traditional radio versus satellite radio, 123 00:07:18,920 --> 00:07:21,760 Speaker 1: or even things like personal music devices like iPods or 124 00:07:21,800 --> 00:07:25,000 Speaker 1: other m P three players um or even the iPhone. 125 00:07:25,600 --> 00:07:28,880 Speaker 1: One of the most popular new applications on the three 126 00:07:28,920 --> 00:07:32,520 Speaker 1: G I phone is Pandora, which is a streaming radio 127 00:07:33,080 --> 00:07:36,680 Speaker 1: h web application, and you can get music on that 128 00:07:36,840 --> 00:07:39,760 Speaker 1: and it it'll just start pulling music and playing it 129 00:07:39,840 --> 00:07:45,120 Speaker 1: through your your iPhone. So so the FCC said, all right, 130 00:07:45,120 --> 00:07:48,000 Speaker 1: you know, that does sound like that's enough basis for competition. 131 00:07:48,080 --> 00:07:50,800 Speaker 1: So this really isn't a monopoly. That's how they kind 132 00:07:50,800 --> 00:07:54,440 Speaker 1: of got through that. It's funny that that you would 133 00:07:54,480 --> 00:07:58,840 Speaker 1: talk about those objections because also in the interest of disclosure, 134 00:07:59,160 --> 00:08:02,480 Speaker 1: when I signed up for satellite radio, I was working 135 00:08:02,520 --> 00:08:06,760 Speaker 1: for one of the major UH, the two satellite television 136 00:08:06,760 --> 00:08:09,320 Speaker 1: providers in the United States, and at that time, in 137 00:08:09,360 --> 00:08:11,600 Speaker 1: two thousand and one, two thousand two, they were looking 138 00:08:11,600 --> 00:08:14,760 Speaker 1: at the possibility of merging Direct TV and Dish Network, 139 00:08:15,480 --> 00:08:17,560 Speaker 1: And an article in the Wall Street Journal just the 140 00:08:17,560 --> 00:08:20,600 Speaker 1: other day, since Serious and XM were allowed to merge, 141 00:08:21,320 --> 00:08:24,680 Speaker 1: UH said that they that Dish Network is actually considering 142 00:08:25,920 --> 00:08:31,160 Speaker 1: the possibility of another merger attempt. Now they were denied 143 00:08:31,240 --> 00:08:35,200 Speaker 1: the opportunity to do that because the people who are 144 00:08:35,200 --> 00:08:37,600 Speaker 1: against it, I believe, if I'm not mistaken, this is 145 00:08:37,640 --> 00:08:41,720 Speaker 1: off the top of my head, the NAB opposed that too. Um. 146 00:08:41,920 --> 00:08:46,520 Speaker 1: But but that's a little bit different situation. Unlike radio 147 00:08:46,760 --> 00:08:49,480 Speaker 1: and iPods and all the other things that you can 148 00:08:49,559 --> 00:08:53,560 Speaker 1: do with with audio signals. Um. People in rural areas, 149 00:08:53,600 --> 00:08:57,840 Speaker 1: say the mountains of West Virginia, you can't just lay 150 00:08:57,840 --> 00:09:00,480 Speaker 1: more television. Cable is very very difficult to that. So 151 00:09:00,800 --> 00:09:04,480 Speaker 1: the only competition satellite TV has in those areas is 152 00:09:04,960 --> 00:09:08,199 Speaker 1: regular broadcast TV, so you might be limited to a 153 00:09:08,360 --> 00:09:11,560 Speaker 1: very few stations versus you know, the depth and breadth 154 00:09:11,679 --> 00:09:14,840 Speaker 1: of satellite TV programming, which is why they were unable 155 00:09:14,880 --> 00:09:18,040 Speaker 1: to merge before. I was the big uh contingent you know, 156 00:09:18,080 --> 00:09:20,560 Speaker 1: who was against it, saying it was an monopoly there. 157 00:09:21,120 --> 00:09:23,280 Speaker 1: That's why they were successfully able to argue that. But 158 00:09:23,360 --> 00:09:27,160 Speaker 1: there's a lot more that satellite radio competes with than 159 00:09:27,480 --> 00:09:30,360 Speaker 1: than just those options. So that I think that's probably 160 00:09:30,400 --> 00:09:32,840 Speaker 1: what was maybe the deciding factor, at least it would 161 00:09:32,880 --> 00:09:35,600 Speaker 1: have been for me, right, But it might set a precedent. 162 00:09:35,679 --> 00:09:37,360 Speaker 1: We'll have to just wait and see and see if 163 00:09:37,760 --> 00:09:41,760 Speaker 1: if that lays the groundwork for satellite television mergers down 164 00:09:41,760 --> 00:09:45,560 Speaker 1: the line. UM. Just to get back to the the 165 00:09:45,600 --> 00:09:48,839 Speaker 1: discussion about the cars, something interesting I read was that 166 00:09:49,600 --> 00:09:52,360 Speaker 1: some car manufacturers might not be so thrilled about the 167 00:09:52,360 --> 00:09:55,400 Speaker 1: the merger of x M and Serious because a lot 168 00:09:55,440 --> 00:09:59,160 Speaker 1: of cars are now including satellite radio UM as one 169 00:09:59,160 --> 00:10:02,040 Speaker 1: of the options you can have and UH and different 170 00:10:02,080 --> 00:10:06,280 Speaker 1: car dealers our car models. Car manufacturers have made deals 171 00:10:06,320 --> 00:10:10,240 Speaker 1: with either XM or Serious, so it was one way 172 00:10:10,280 --> 00:10:14,640 Speaker 1: to differentiate the model from other cars. And now that 173 00:10:15,000 --> 00:10:18,360 Speaker 1: method of differentiation is gone because they're the same company. 174 00:10:19,000 --> 00:10:21,200 Speaker 1: That's interesting. I never really thought that that that that 175 00:10:21,240 --> 00:10:23,000 Speaker 1: would be a bad thing. I thought it would be 176 00:10:23,000 --> 00:10:25,680 Speaker 1: a good thing because it makes it much easier you 177 00:10:25,720 --> 00:10:28,800 Speaker 1: have a you know, you've consolidated your choices. You don't 178 00:10:28,880 --> 00:10:32,440 Speaker 1: have to make that choice, right. But it turns out 179 00:10:32,480 --> 00:10:37,000 Speaker 1: that that's not as simple as I thought. Yeah, it's Uh. 180 00:10:37,000 --> 00:10:40,520 Speaker 1: It's funny because it's also both services are offered with 181 00:10:41,240 --> 00:10:45,040 Speaker 1: satellite TV now they eat. If you're a Direct TV subscriber, 182 00:10:45,040 --> 00:10:49,960 Speaker 1: you get XM channels as your music. If you're a 183 00:10:50,000 --> 00:10:53,719 Speaker 1: Dish network subscriber, you get Serious music channels included with 184 00:10:53,760 --> 00:10:56,560 Speaker 1: your TV, So I wonder, you know, I haven't seen 185 00:10:56,600 --> 00:10:58,480 Speaker 1: anything about that, but I wonder if that's going to 186 00:10:58,480 --> 00:11:00,280 Speaker 1: be an issue for them there. They have lot of 187 00:11:00,280 --> 00:11:02,439 Speaker 1: agreements that they have in place that they're going to 188 00:11:02,520 --> 00:11:05,800 Speaker 1: have to to work out. And that's why, Uh, you're 189 00:11:05,840 --> 00:11:08,720 Speaker 1: not going to see a dramatic shifts suddenly in the 190 00:11:08,960 --> 00:11:11,400 Speaker 1: number of channels if you are a subscriber or the 191 00:11:11,480 --> 00:11:13,560 Speaker 1: kind of channels, because they're they're they've got a lot 192 00:11:13,600 --> 00:11:16,000 Speaker 1: of issues yet to work out having a chip set 193 00:11:16,040 --> 00:11:20,319 Speaker 1: that picks up signals from both kinds of of those satellites, 194 00:11:21,240 --> 00:11:23,440 Speaker 1: so you know, it's it's gonna be a while before 195 00:11:23,440 --> 00:11:25,600 Speaker 1: they really get the kinks worked out. Actually that that 196 00:11:25,760 --> 00:11:27,280 Speaker 1: leads me. I don't mean to put you on the 197 00:11:27,320 --> 00:11:31,640 Speaker 1: spot here, but I'm just curious what you think the 198 00:11:31,640 --> 00:11:34,800 Speaker 1: the viability of satellite radio is. I mean, seriously, they're 199 00:11:34,800 --> 00:11:38,880 Speaker 1: talking about a subscription based service, so people are paying 200 00:11:38,920 --> 00:11:42,640 Speaker 1: for this, um when they can get things like Pandora 201 00:11:43,000 --> 00:11:46,120 Speaker 1: Internet radio, Uh, when they can get things like a 202 00:11:46,520 --> 00:11:50,040 Speaker 1: traditional radio. UM. Do you think that satellite radio really 203 00:11:50,120 --> 00:11:54,080 Speaker 1: is does have a future after this merger? Yes and no, 204 00:11:54,600 --> 00:11:57,880 Speaker 1: I think the idea is viable. I think it's it's 205 00:11:57,880 --> 00:12:01,360 Speaker 1: sort of like DVR technology, where it's got a mass, 206 00:12:01,400 --> 00:12:05,440 Speaker 1: but it doesn't seem to have reached critical mass. UM. 207 00:12:05,480 --> 00:12:09,760 Speaker 1: I think that they have both well serious XM radio. 208 00:12:10,480 --> 00:12:13,160 Speaker 1: The new company has an awful lot of debt to 209 00:12:13,200 --> 00:12:16,080 Speaker 1: work off, UM, and I honestly think that if the 210 00:12:16,080 --> 00:12:19,320 Speaker 1: merger had not gone through that they would have had 211 00:12:19,360 --> 00:12:22,840 Speaker 1: a very difficult time surviving. I don't think both of them, 212 00:12:22,880 --> 00:12:26,439 Speaker 1: maybe not either of them would have survived that now, UM, 213 00:12:26,480 --> 00:12:30,959 Speaker 1: you know, with the semi monopoly conditions that also opens 214 00:12:30,960 --> 00:12:32,920 Speaker 1: the field. I think it would be very easy, if 215 00:12:32,960 --> 00:12:35,959 Speaker 1: you had the wherewithal to do it, uh, to launch 216 00:12:36,000 --> 00:12:40,360 Speaker 1: another satellite radio service to compete with Sirius xm UM. 217 00:12:40,400 --> 00:12:42,319 Speaker 1: You know, because then you could say, well, hey, you 218 00:12:42,360 --> 00:12:44,679 Speaker 1: know there's a monopoly out here. I want to compete 219 00:12:44,679 --> 00:12:46,839 Speaker 1: with them. You know. I think it would be much 220 00:12:46,880 --> 00:12:49,120 Speaker 1: easier for a new player to get in the market 221 00:12:49,440 --> 00:12:52,040 Speaker 1: and compete with it. And I think, you know, there's 222 00:12:52,040 --> 00:12:55,280 Speaker 1: only so much iPod that you can take before I go, 223 00:12:55,400 --> 00:12:57,280 Speaker 1: you know what, I just want somebody else to spend 224 00:12:57,280 --> 00:12:59,520 Speaker 1: something new that I haven't heard before, right, And I 225 00:12:59,559 --> 00:13:02,360 Speaker 1: do remember were reading something about them being locked into 226 00:13:02,559 --> 00:13:05,280 Speaker 1: UH they couldn't go over a certain subscription sheet for 227 00:13:05,400 --> 00:13:08,360 Speaker 1: a couple of years after the merger, which, as you 228 00:13:08,400 --> 00:13:10,520 Speaker 1: point out, that means that if someone else were to 229 00:13:10,559 --> 00:13:13,240 Speaker 1: come in they could they could take advantage of that. 230 00:13:13,280 --> 00:13:15,360 Speaker 1: I mean, if if that amount of money isn't enough 231 00:13:15,400 --> 00:13:19,000 Speaker 1: to keep the company afloat, then then they may it 232 00:13:19,080 --> 00:13:22,959 Speaker 1: may have just prolonged the inevitable. Well, I guess that 233 00:13:23,080 --> 00:13:26,280 Speaker 1: about wraps up this podcast. Do you would like to 234 00:13:26,360 --> 00:13:29,920 Speaker 1: learn more? Please read how satellite radio works on how 235 00:13:30,000 --> 00:13:32,520 Speaker 1: stuff works dot com and we'll talk to you again soon. 236 00:13:34,280 --> 00:13:36,960 Speaker 1: For more on this and thousands of other topics, how 237 00:13:37,000 --> 00:13:40,080 Speaker 1: stuff works dot com. Let us know what you think. 238 00:13:40,360 --> 00:13:47,280 Speaker 1: Send an email to podcast at how stuff works dot com. 239 00:13:47,400 --> 00:13:49,959 Speaker 1: Brought to you by the reinvented two thousand twelve camera. 240 00:13:50,280 --> 00:13:51,520 Speaker 1: It's ready, are you