BNET Industries
Sirius Satellite Radio Inc. (SIRI) is in the Media Industry
- Revenue
- Dec 31 2007
- $922.0M
- Profit
- Dec 31 2007
- ($565.2M)
- Market Cap
- Aug 04 2008
- $2.0B
Latest News and Analysis
August Auto Sales Signal Stability for Satellite Radio Investors
Tyler Savery submits: Auto sales are still down. That is the news that most anticipated. In seeking a silver lining, one can note that for most manufacturers, sales were better in August than in July. However, sales are still down, and that is still cause for concern. In 2007...
Sirius XM's CEO to Address Merrill Lynch Media Conference
Tyler Savery submits: Mel Karmazin, CEO of Sirius XM Radio SIRI will be speaking at the Merrill Lynch Fall 2008 Media Conference in Marina Del Ray California. The conference is scheduled for Tuesday September 9th, and Karmazin is expected to be at the podium at approximately 11:00 AM EST....
What Happened to the Sirius Post Labor Day Conference Call?
Brandon Matthews submits: As I expected, confusion is running rampant over an expected conference call that as of yet, has not been announced by Sirius XM SIRI. This could be attributed to many factors which may have gathered strength, much like Gustav, since Mel Karmazin announced that the company would provide more...
Getting Sirius About Hurricane Gustav
Brandon Matthews submits: I admit it. I am obsessed with Hurricane Gustav. I clearly remember the destruction and the loss of life of a few years ago. The destruction was not just physical. Families were torn apart, uprooted and many were further victimized following the largest natural disaster in U.S. history. No...
2 Sirius Aspects That Need to Play Out
Tyler Savery submits: We have all heard Mel Karmazin state that more detail regarding Sirius XM Radio SIRI would be available after Labor Day. This left the window open for speculation, rumor, and simply stated, another period of time where Sirius XM radio stock could blow with whatever winds...
Don’t Believe Everything You Read on Sirius
Brandon Matthews submits: There has been a lot of buzz regarding the short interest drop in Sirius XM SIRI shares of late. If you believe the NASDAQ, which would seem like a reasonable thing to do, you may be as quick as I was to come to the conclusion that...
Leave Sirius Alone!
Gino Lattarulo submits: There is talk that the FCC may still mandate Sirius XM SIRI receivers be HD capable. They just can't leave well enough alone can they? Of course, the notice of inquiry comes from Clear Channel and iBiquity itself which is producing the HD system. Shocking...
Sirius XM Recovers the Ball
Brandon Matthews submits: Just one week ago, I wrote a scathing article regarding Sirius XM SIRI and the NFL, titled Sirius XM Fumbles The Ball. Experience had led me to believe that a full marketing campaign would begin near the end of the season, as had seemingly been the...
Has Jim Cramer Crossed the Line with Sirius XM?
Brandon Matthews submits: As expected, on the heels of three separate positive analysts’ reports this week that included Citigroup C, Stifel Nicholas and Barrington Research, Jim Cramer has come out again to bash Sirius XM SIRI and its shareholders. In this latest attack, Jim may have...
Sirius XM Shorts Scrambling to Cover
Brandon Matthews submits: Like a thief in the night, holders of Sirius XM SIRI short positions are scrambling to cover. According to Satwaves.com, Sirius XM short interest has fallen 32.69% from 310,672,182 shares to 209,124,306 in only a 2 week period; a decrease of 101,547,876 shares. A check of the...
Sirius XM Belt Tightening Begins
Brandon Matthews submits: It would appear that one of the first casualties of the Sirius XM SIRI merger is AMTC, Applied Media Technologies Corporation. Great expectations had been placed on AMTC, the company that enjoyed an exclusive relationship with Sirius as a stand-alone company for many years, in the hopes of...
July Satellite Radio Retail Sales Down but Better Than Expected
Tyler Savery submits: Retail sales for satellite radio in July were still down on a year over year basis, but overall sales were better than most analysts were expecting. While Sirius and XM have now merged, the breakdown from NPD Group still outlines retail sales by brand. For July...
Federal OEM Bailout Looks Positive for Sirius XM
Tyler Savery submits: Citi analyst Tony Wible sees a possible Federal Government bailout of the big three auto makers as offering a brighter outlook for Sirius XM Radio SIRI. In a report issued Monday, Wible noted that domestic auto makers may be seeking to tap up to $50 billion...
Sirius XM Cramer Wars Part II
Brandon Matthews submits: There has been a lot of reaction to my latest SiriusBuzz article regarding Jim Cramer, Goldman Sachs GS and a whole bunch of Sirius XM SIRI convertibles they hold. Seeing as the article deals a lot with perspectives, I’d like to offer yet another perspective. I realize that...
Sirius XM Family Plan Subscriptions Are Well Worth Chasing
Tyler Savery submits: Over the years, Sirius and XM both have had special pricing for Family Plan second subscriptions. For $6.99 per month, the second subscription allows users to get satellite radio in another car, or in their home. XM had gotten the Family plan to a point where...
OEM Math Leaves Room for Upside Surprises for Sirius XM
Brandon Matthews submits: Here at SiriusBuzz, we make a big deal out of increased penetration rates of satellite radio in the OEM channel. As the month of August begins to draw to a close, some reports are already coming out regarding weak sales, although they are expected to be...
Giving Cramer the Benefit of Sirius Doubt
Brandon Matthews submits: As any Sirius SIRI investor knows, Jim Cramer has seemingly been attempting to pummel the stock lately. There seems to be a mass knee-jerk reaction to perceived negativity, with no one venturing out to look at whether or not his statements have any merit. In this case...
Sirius XM Drops NFL Ball Again
Brandon Matthews submits: Sirius SIRI has had the NFL for years. Every year investors wait with baited breath for the NFL on Sirius ads to begin. Each year brings disappointment as very few ads are ever seen. The NFL kicks off the 2008 regular season on Thursday, Sept. 4 and...
Why Isn't There a Sirius iPod?
Seaton Briggs submits: Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400;...
Sirius Retail Sales Questions Left Unanswered
Brandon Matthews submits: As we discussed Thursday night on our weekly SiriusBuzz radio show, my trip to Best Buy BBY, Circuit City CC and Radio Shack RSH did little to answer any questions as to what the future may hold for Sirius XM SIRI in Q4. I had decided...
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- Incorporated: 1990
- CEO: Mr. Mel Karmazin
- Employees: 973
Sirius Satellite Radio is a satellite radio provider in the U.S. Co. provides its programming over multiple platforms in addition to its satellite and terrestrial repeater network. As of Dec 31 2007, Co. provides over 130 channels to its subscribers-69 channels of 100.0% commercial-free music and 65 channels of sports, news, talk, entertainment, traffic, weather and data. Most of Co.'s subscribers receive its service through SIRIUS radios, which are sold through its website and by automakers, consumer electronics retailers and mobile audio dealers. As of Dec 31 2007, Co. had approximately 8.3 million subscribers.
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Sirius Satellite Radio Inc. Company Info
Board of Directors
Mr. Joseph P. Clayton
Chairman
Mr. Leon D. Black
Mr. Lawrence F. Gilberti
Mr. James P. Holden
Mr. Mel Karmazin
Mr. Warren N. Lieberfarb
Mr. Michael J. McGuiness
Mr. James F. Mooney
Contact Information
1221 Avenue of the Americas
36th Floor
New York, NY
212 584-5100
NAICS Code
Radio Networks: 515111
