15 Companies That Might Not Survive 2009

[jeffrey]

Who's next?

With consumers shutting their wallets and corporate revenues plunging, the business landscape may start to resemble a graveyard in 2009. Household names like Circuit City and Linens 'n Things have already perished. And chances are, those bankruptcies were just an early warning sign of a much broader epidemic.

Moody's Investors Service, for instance, predicts that the default rate on corporate bonds - which foretells bankruptcies - will be three times higher in 2009 than in 2008, and 15 times higher than in 2007. That could equate to 25 significant bankruptcies per month...

15 Companies That Might Not Survive 2009 - Yahoo! Finance

[sweeps]

Sirius XM Radio is just about there. Trading at 5 cents. I wonder how Howard Stern feels about his huge contract possibly getting cancelled.

[tripods68]

He'll just loss probably $100 Mill short of his 5 year contract.

[sweeps]

He'll just loss probably $100 Mill short of his 5 year contract.

True, he's not exactly going to be hurting.

[sweeps]

Even elevator music can't survive in this economy.

[kork13]

Even elevator music can't survive in this economy.

GOOD!! Elevator music is MADDENING!!


although, the article states that the company claims it's not due to the economy, simply long-standing debts that have come due and they can't pay:

Bankruptcy documents showed Muzak owes its largest creditor -- U.S. Bank, as indentured trustee -- about $370 million, nearly all of it due this year. ......... The weakened global economy was not a factor, she said, noting the company's profits have been rising in recent years.