If Howard Stern didn't require an outrageous contract for constantly taking vacation (he never works on Fridays and constantly takes off for weeks at a time), things might be better for Sirius XM and this bankruptcy scare might never have happened.
I believe you to be an O&A fan, whereas I am a Howard Stern fan. I live in Canada so I've never heard O&A and have no opinion of them and basically missed the radio war that the two have had (are having?). I don't mean to stoke those flames so please don't think that I'm saying this as a blind Howard devotee or as an attack on O&A. I think that having a crew of talk guys (Howard, Bubba - who I dislike, Ron & Fez, O&A, Jason Ellis, whoever else hosts talk shows) is a good thing for the company... IF they bring in listeners. It's my understanding that Howard is responsible for bringing in enough listeners to offset his (shows) contract, I suppose I could be wrong, but I would imagine that if he left, a lot of subscribers would also be lost. (As I'm sure is the case with any personality that has a BIG following).
I think your problem (and our problem, as subscribers to a company that I assume we both want to succeed) should be directed at deals with Oprah or other individuals who were signed just as a name that don't really provide content, or perhaps even the deals signed with NFL, MLB, etc that were signed at a higher value than they should have been because each company was competing to get the exlusive rights... if there was only one company the deals they signed would likely have been less. As much as it's easy to point to 500 million spent on one show, I think that you can make the argument that that contract isn't what's caused this bankruptcy/financial struggle.