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 tyler savery - All News and Analysis
Sirius XM iPhone App: Still Room for Improvement
Tyler Savery submits: The Sirius XM SIRI app is out, and is a very popular download. It ranks among the most frequently downloaded apps not only in the music category, but overall. The app was an instant success despite the absence of Howard Stern, but the popularity has slipped...
Does Howard Stern Want a Bite Out of Apple?
Tyler Savery submits: Last week Sirius XM SIRI finally launched an app for the iPhone and iPod Touch. The app made big news in a couple of ways. First, the fact that Howard Stern was not available on the app was the major attention getter. The other...
Sirius XM's Debt Refinancing: Seeking Better Terms
Tyler Savery submits: Sirius XM Radio SIRI announced yesterday morning that XM Satellite Radio Inc., a wholly owned indirect subsidiary of SIRIUS XM Radio, is offering of $350 million in aggregate principal amount of Senior Secured Notes due 2013 to qualified institutional buyers. The move is designed to seek...
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,...
Long Awaited Sirius XM iPhone App Available, Sans Howard Stern
Tyler Savery submits: You have waited patiently for 11 long months, been forced to read countless articles about its release, and even watched a home grown Sirius XM app that was ready to go 5 months ago get squashed like a bug but, all of that is over now…...
Sirius XM Is Treading Water
Tyler Savery submits: Miller Tabak analyst David Joyce issued a report Friday in which he maintained his neutral position, but lowered long term share price expectations. Joyce is one of only a few analysts that are actively following Sirius XM Radio. Joyce cited that Sirius XM missed its expectations...
Heartbeat of the Internet Is Speaking, but Is Sirius XM Listening?
Tyler Savery submits: Love it or hate it, Twitter is the best online resource for putting your finger on the pulse of just about anything in real time. It was just a few months ago while searching Google GOOG for information about Circuit City store closings that it became...
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...
100% OEM Penetration Doesn't Make Sirius Sense ... Yet
Tyler Savery submits: We often hear passionate satellite radio investors and fans clamoring for 100% auto installation penetration. On it’s face it may seem like a great idea, but the reality of the OEM picture is different, and Sirius XM SIRI demonstrated that Wednesday at their annual meeting. by...
What a GM Bankruptcy Would Mean for Sirius XM Shareholders
Tyler Savery submits: As Sirius XM SIRI gets ready for their annual meeting of shareholders, their biggest OEM partner, [[GM]], could well be getting ready to file for bankruptcy. For the overall sentiment of the economy, the GM news is hardly good. Consumer confidence has been on a virtual...
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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