Peter Kafka

Recent Posts by Peter Kafka

The Sirius Story in Two Sentences

Today’s New York Times profiles Mel Karmazin, Howard Stern and Sirius XM (SIRI), the troubled company that binds both of them together. It’s a nice read, but there’s no news there for anyone who has been watching the company over time (if you want an archive of excellent Sirius coverage, check out Digital Daily).

And if you’re time-pressed (it’s 64 degrees in New York City this morning–perhaps you’d like to get outside), there’s no reason to tackle the entire feature story. Because reporter Tim Arango has done a nice job of summarizing his 2,427-word piece in two sentences:

But Sirius XM does have a serious flaw in its capital structure. Its costs, which include servicing its pile of debt, appear to be too high to make the business viable.”


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik