BNET Industries

Last Fiscal Year Sales:$1.6B
- Private
Dow Jones Description
Sirius Satellite Radio and XM Satellite Radio completed their merger in July 2008 and is now called Sirius XM Radio Inc.
Board of Directors
Leon D. BlackContact Information
Peer Companies
NAICS Code Radio Networks: 515111
Recent Events
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Inside Sirius Institutional Ownership
News & Analysis
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financial accounting and sirius satellite radio inc. - All News and Analysis
Sirius XM Offers $250 Million Of Debt To Pay Off Liberty
Sirius XM Radio (NSDQ: SIRI) is offering $250 million of debt, in order to pay off debt it owes Liberty Media (NSDQ: LINTA), which saved the satellite radio firm from bankruptcy in February by making a big investment in the company. It's the second time in two months that...
SIRIUS XM Radio Q1 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions We will go first to David Bank of RBC Capital. David Bank - RBC Capital Markets Thank you. Good morning. A couple of questions -- the first one is now that you have established the relationship with Liberty, can you give us a...
Sirius Reverse Split Only "to Satisfy Listing Requirements"
Tyler Savery submits: At the conclusion of the conference call Monday regarding the third quarter, Sirius XM SIRI CEO Mel Karmazin made a crystal clear statement relating to the issue of a Reverse Split. Karmazin stated that the reverse split, if needed, is “to satisfy listing requirements of NASDAQ”....
Sirius XM Releases 5-Year Guidance: Aggressive or Conservative?
Tyler Savery submits: As anticipated here on SiriusBuzz, Sirius XM Radio SIRI came out with a press release Thursday on the Q3 reporting. The company will issue their quarterly report Monday, November 10, 2008, and will host a conference call the same day at 4:30 PM. Perhaps more important...
Sirius XM Radio Faces Shareholder Suit
Tyler Savery submits: It looks as if another step has been taken in what has been a long process for shareholder Michael Hartlieb. Mr. Hartlieb has formed an organization called “Save Sirius SIRI”, and has now filed a suit in U.S. District Court in Los Angeles. The suit accuses...
Sirius XM Nears Top of Shorts List
Tyler Savery submits: The short positions for equities in NASDAQ have been published and once again, Sirius XM Radio SIRI is near the top of the list. From September 15th to October 15th, short interest increased roughly 33,000,000 shares and now stands at about 232,000,000. This places Sirius XM...
Finally Some Good News for Sirius Shareholders
Brandon Matthews submits: Now that Sirius XM SIRI has laid out its cards on the table, I’d like to offer my view. I’m surprised at all the surprise and negativity from these other analysts. I mean, they have to be kidding, right? On the reverse split issue, allow me...
Sirius XM Issues 67 Million Shares to Gain Breathing Room
Tyler Savery submits: In a move that appears designed to give the company some breathing room on the $300,000,000 financing due in February of 2009, Sirius XM SIRI has issued 67 million shares of stock. The move retires about 10% of the converts that are coming due in the...
Delisting Clarity on Sirius XM Radio
Tyler Savery submits: With the stock price of Sirius XM Radio SIRI under $1.00, there has been a lot of discussion and questions about the stock being delisted from the NASDAQ. While this is a concern for shareholders, I have personally always maintained that the issue would be a...
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Board of Directors
| Name (plus bio) | Position |
|---|---|
| Leon D. Black | Board of Directors |
In 1990 Leon Black founded Apollo Management, L.P. a global alternative asset manager, with a proven track record of successful private equity, distressed debt and mezzanine investing. The firm manages investment capital on behalf of a group of institutional investors and has approximately $27 billion in assets under management. From 1977 to 1990 Mr. Black worked at Drexel Burnham Lambert Incorporated where he served as Managing Director, head of the Mergers & Acquisitions Group, and co-head of the Corporate Finance Department. He serves on the boards of directors of Sirius Satellite Radio Inc., and the general partner of AP Alternative Assets. Mr. Black is a trustee of Dartmouth College, The Musuem of Modern Art, Mt. Sinai Hospital, The Metropolitan Musuem of Art, Prep for Prep, and The Asia Society. He is also a member of The Council on Foreign Relations, The Partnership for New York City and the National Advisory Board of JPMorgan Chase. Mr. Black is also a member of the Board of Faster Cures and the Port Authority Task Force. He graduated summa cum laude from Dartmouth College in 1973 with a major in Philosophy and History and received an MBA from Harvard Business School in 1975.
| Organization | Position | Status |
|---|---|---|
| Apollo Management L.P. | Founding Partner | Current |
| Open Road café | Director | Current |
| JPMorgan Chase & Co. | National Advisory Board | Current |
| Asia Society | Board of Trustees | Current |
| Prep for Prep | Board of Trustees | Current |
| Fastercures | Board of Directors | Current |
| Wyndham International | Board of Directors | Current |
| Lincoln Center | Board of Trustees | Current |
| The Metropolitan Museum of Art | Board of Trustees | Current |
| SIRIUS Satellite Radio Inc. | Board of Directors | Current |
| United Rentals, Inc. | Board of Directors | Current |
| Vail Resorts, Inc. | Board of Trustees | Current |
| The Mount Sinai Hospital | Board of Trustees | Current |
| The Museum of Modern Art | Board of Trustees | Current |
| Partnership for New York City, Inc | Member | Current |
| Council on Foreign Relations | Member | Current |
| Drexel Burnham Lambert Inc. | Managing Director, Mergers & Acquisitions | Former |
| AREA Property Partners | Co-Founder | Former |
| Drexel Burnham Lambert Inc. | Co-Head, Corporate Finance | Former |
| Dartmouth College | Graduate, Philosophy & History | Former |
| Nalco Holding Company | Board of Directors | Former |
| Dartmouth College | Board of Trustees | Former |
| AMC Entertainment, Inc. | Board of Directors | Former |
| Samsonite Corporation | Board of Directors | Former |
| Sequa Corporation | Board of Directors | Former |
| Harvard Business School | M.B.A. | Former |
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