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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radio 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...
Earnings: Sirius XM Ups Guidance, Subscriber Losses Smaller Than Expected
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...
Sirius launches iPhone app
Satellite radio station Sirius is releasing its new iPhone and iPod app in a bid to diversify its income and increase its customer base. Sirius’ pay radio service has around 19m subscribers, with its biggest source of new users being...
Circuit City Bankruptcy May Help Satellite Radio Inventory Levels
Tyler Savery submits: In news that for some is no surprise, Circuit City CC, the second largest electronics retailer in the U.S., has filed for bankruptcy. The company plans to stay open for business through the holiday season, and in what seems an odd statement, it may actually help...
4 Signs for Further Caution by Satellite Radio Investors - Goldman
Tyler Savery submits: There were two reports issued by analysts Thursday in response to the guidance issued by Sirius XM Radio SIRI. Analyst Kit Spring of Stifel noted that Sirius XM Radio’s guidance exceeds the Stifel model. This could be substantial in that there is at least some indication...
Analysts See Weak Auto Sales as Real Challenge for Sirius XM
Tyler Savery submits: Merrill Lynch analyst Jessica Reif Cohen issued a critical report on Sirius XM Radio SIRI Monday. The media analyst notes that auto sales for 2008 and even 2009 appear to be troubling for satellite radio as the OEM channel has been an integral part of the...
Auto Sales Drop Could Have Bad Impact on Satellite Radio
Tyler Savery submits: Sales figures from auto manufacturers are starting to hit the wires, and the news is not good. The poor sales in the auto sector are now so bad that even with increased penetration of satellite radio installations, there will be an impact to the sector.[[GM]] sales...
No static at all: XM, Sirius satellite radio get OK to merge
Hoping to tune in Howard Stern on your XM radio? Wishing Oprah & Friends radio came in on Sirius Satellite Radio?Looks like the superstars of both pay-radio services soon will be able to romp on each other's playground, as the long-anticipated merger of XM and Sirius satellite radio comes to...
AETE, SIRI, ROIAK, NOVO - OTCStockExchange.com Stock Alert.
M2 PRESSWIRE-25 March 2008-otcstockexchange.com: AETE, SIRI, ROIAK, NOVO - OTCStockExchange.com Stock AlertC1994-2008 M2 COMMUNICATIONS LTD RDATE:25032008 Rochester, NY -- OTCStockExchange.com's "Stock Watch Alert" this morning are The Alternative Energy Technology Center, Inc. (Pink Sheets: AETE), SIRIUS Satellite Radio (Nasdaq: SIRI),...
SIRIUS Satellite Radio Announces Broadcast Schedule for Super Bowl XLII.
M2 PRESSWIRE-23 January 2008-The Maybach Review: SIRIUS Satellite Radio Announces Broadcast Schedule for Super Bowl XLIIC1994-2008 M2 COMMUNICATIONS LTD RDATE:23012008 Maybach Financial Group is a syndicate of financial analysts, with a core group representing over 250 years of total...
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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