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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sirius satellite radio inc. and transport - All News and Analysis
Toyota Camry's Factory Installation of Sirius XM Bodes Well for Future OEM Deals
Tyler Savery submits: Sirius XM Satellite Radio SIRI announced yesterday that the ever popular Toyota TM Camry will now offer satellite radio as a factory installed option. The news is noteworthy in that the Camry is the best selling car in America, but tempered by slow overall auto sales,...
Why GM Bankruptcy Does Not Spell Doom for Sirius
Tyler Savery submits: In the wake of the [[GM]] bankruptcy, investors in satellite radio suddenly have become concerned about what impact will befall Sirius XM SIRI. Analysts such as Scott Moritz of TheStreet.com say that this “can’t be good”. In a video Moritz spoke briefly about the situation, but...
Chrysler and GM Dealership Closures Will Impact Sirius, As Expected
Tyler Savery submits: The headlines came out yesterday, but the news was not unexpected. The troubles at Chrysler and [[GM]] have been known for quite some time, and dealership closings were inevitable. The impact of these closings will be wide reaching both economically, as well in the psychology of...
2009 New York International Car Show Review: WIFI Access in Chrysler Vehicles
Went to the New York International car show this weekend at the Jacob Javits Center in NYC. The show was pretty good, there seemed to be less people than previous years but one particular feature that was at the show I'd like to discuss is the new WIFI service in...
GM's Discount Promotion Could Boost Satellite Radio Subscription Numbers
Tyler Savery submits: General Motors GM has announced that all 2008 and some 2009 vehicles will be available to everyday consumers for the employee discount. The Employee Discount promotion started in 2005 and boosted GM’s sales in a big way. Other auto makers have offered similar promotions as well...
Four Factors Likely to Fuel Auto Sales
Tyler Savery submits: Growth in satellite radio is coming from the OEM channel. This has been the case for quite some time, and despite having more installations than ever before, the fact that car sales are down weighs on the investor's psyche. The perception is that poor auto sales...
Ford Includes Sirius in Long-Range Plans
Tyler Savery submits: Ford Motor Company is working hard to streamline their business and build synergies of their own. With truck sales down, and consumers buying smaller and more fuel efficient cars, Ford is Focusing on the Focus model. The big three automaker is making strides at creating...
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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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