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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media and sirius satellite radio inc. - All News and Analysis
Sirius Trend: Independent Analyst Opinions Turning Positive
Brandon Matthews submits: By Brandon Matthews A new research report was issued Wednesday by ConvergEx, which publishes a monthly “Jaywalk Concensus” report on thousands of individual equities, on shares of Sirius XM Radio SIRI. ConvergEx's clients include asset managers, broker-dealers, corporations, financial intermediaries, hedge funds and retirement...
Sirius XM CEO Mel Karmazin Dismisses Rumors of Job Offer
Brandon Matthews submits: By Brandon Matthews In a Fox News exclusive, Sirius XM Radio SIRI CEO Mel Karmazin sat down with Neil Cavuto to discuss the current Satellite Radio environment. Karmazin reiterated his position that Sirius XM is now a cash flow growth story as opposed to a subscriber...
On The Street's Sirius Bashing - Will They Never Learn?
Brandon Matthews submits: By David “Newman” Phillips Will they never learn their lesson? In an article posted Friday afternoon, Scott Moritz of The Street Dot Com (TSCM) wrote an outright bash piece of Sirius XM SIRI. I will refrain from posting a link to the article because it does...
Liberty's Sirius Preferred Stake Expected to Be Spun Off
Brandon Matthews submits: By Brandon Matthews Is the media deal of the century about to take place? According to a Reuters news report, Greg Maffei of Liberty Media LINTA expects to “spin-off” Liberty’s preferred stake in Sirius XM Radio SIRI, which represents a 40 percent interest in...
Janco Partners Believes Sirius XM Is Now a Cash Flow Growth Story
Brandon Matthews submits: By Brandon Matthews Murray Arenson of Janco Partners has resumed coverage of Sirius XM Radio SIRI with an ACCUMULATE rating and a price objective of .80., stating a belief that Sirius XM has in fact turned away from a subscriber growth story to a cash flow...
Sirius XM's New Brand Campaign Signals a Major Change in Direction
Brandon Matthews submits: By Brandon Matthews About a year ago, I asked an analyst why he felt Sirius XM Radio SIRI did not advertise more aggressively. His understanding was that the company had made the decision based on market research, that indicated that the return on ad spending did...
Barrington Raises Sirius XM Price Target on Q3 Report
Brandon Matthews submits: By Brandon Matthews In a report issued Monday by Barrington Research Associates, Senior Investment Analyst Jim Goss maintained his OUTPERFORM rating on Sirius XM Radio SIRI while upgrading his 2010 and 2011 price targets following the company’s third quarter earnings report. by Satwaves
The Importance of Positive EBITDA to Sirius XM Shareholders
Brandon Matthews submits: By Brandon Matthews For most of the past year, investors in Sirius XM Radio SIRI have been forced to become a bit more sophisticated. Until recently, Sirius XM was truly a speculative stock play. Battle lines were drawn between people who bought shares of the company...
Sirius XM Should See a Return to Subscriber Growth - Barrington Research
Brandon Matthews submits: By Brandon Matthews In an exclusive Satwaves Radio interview, Senior Investment Analyst Jim Goss of Barrington Research Associates offered listeners his perspective of Sirius XM Radio SIRI and its growth potential. by Satwaves
Sirius XM: Not Completely Out of the Woods Yet
VFC submits: Shares of Sirius XM SIRI satellite radio responded positively to news that losses narrowed and revenues increased during the third quarter of 2009. Aside from one time charges, the company reported cash flow break even.While I am confident in the ability of Sirius XM to continue demonstrating...
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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