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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investment and sirius satellite radio inc. - All News and Analysis
Earnings: Sirius XM Ups Guidance, Subscriber Losses Smaller Than Expected
PaidContent
- 2009-08-06
Sirius XM (NSDQ: SIRI) managed to cut its losses during the quarter, as it benefited from savings due to the merger between Sirus and XM a year ago. Subscription acquisition costs per subscriber dropped 20 percent to $57 from $71. And the company managed to eek out an increase...
Liberty offers USD250m to rescue Sirius
Strategy Eye
- 2009-02-17
Liberty Media is offering troubled satellite radio Sirius XM a USD250m loan to help it meet its debt commitments, in exchange for an equity stake in Sirius. The loan would help Sirius avoid a takeover from EchoStar CEO Charlie Ergen, who recently bought some of the radio provider's debt...
Sirius Finally Provides Wall Street the Clarity It Demanded
Seeking Alpha
- 2008-11-12
Brandon Matthews submits: I’m beginning to wonder if my vacation was a good thing or bad. Having taken a sabbatical from all things Sirius SIRI, I feel like I’ve come back to absolute confusion among our readers and colleagues. Everything I’ve read regarding the recent conference call led me...
Sirius Satellite Radio Inc. Q3 2008 Earnings Call Transcript
Seeking Alpha
- 2008-11-10
Question-and-Answer SessionOperator Thank you. Operator Instructions. We will go first to James Ratcliffe with Barclays Capital. James Ratcliffe - Barclays Capital Good afternoon. Wonder if we talk about the auto OEM segment for a little bit. In particularly, we saw that is happening with auto sales. What have you...
Is Sirius Worth Anything? Goldman Says 25 Cents
Seeking Alpha
- 2008-10-28
Eric Savitz (Barron's) submits: Goldman Sachs analyst Mark Wienkes this morning repeated his Sell rating on Sirius XM SIRI, while cutting his price target to 25 cents from 50 cents and trimming estimates. He contends that 2008 subscriber forecasts will be cut or missed. “Our lowered estimates and...
What's Behind Sirius' Big Gain?
Seeking Alpha
- 2008-10-28
Tyler Savery submits: Sirius XM SIRI stock has seen active trading Monday, and is posting impressive gains even as the Dow and other indices are simply treading water. Whether the activity is shorts covering, or simply a technical bottom, longs invested in the stock are perhaps beginning to see...
Sirius XM Nears Top of Shorts List
Seeking Alpha
- 2008-10-26
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
Seeking Alpha
- 2008-10-23
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...
Analysts Find It Hard to Be Bullish on Sirius XM
Seeking Alpha
- 2008-10-22
Tyler Savery submits: Janco and Merrill Lynch both came out with reports on Sirius XM Radio SIRI Tuesday. From Janco’s perspective, analyst April Horace is downgrading the equity to market perform with her price target under review. Merrill’s Jessica Reif Cohen is maintaining her $1.00 price target with an...
Sirius XM Issues 67 Million Shares to Gain Breathing Room
Seeking Alpha
- 2008-10-21
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...
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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Glass Door
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| CBS Corp |  |
| News Corp |  |
| Gannett | |
| Disney |  |
| Time Warner | |
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