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 xm 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 XM Radio Q2 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions We’ll go first to [Les Palinksy] with J.P. Morgan. Les Palinksy - J.P. Morgan Good morning and thank you for taking my question. A couple of questions that I wanted to ask -- one is from the CRBC that you are starting to pass...
SIRIUS XM Radio Q1 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions We will go first to David Bank of RBC Capital. David Bank - RBC Capital Markets Thank you. Good morning. A couple of questions -- the first one is now that you have established the relationship with Liberty, can you give us a...
SIRIUS XM Radio Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from David Bank - RBC Capital Markets David Bank - RBC Capital Markets Can you give some clarity as to the structure of the preferred shares that are going to Malone? Why was it structured as preferred as opposed to common?...
Liberty offers USD250m to rescue Sirius
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 looks to Liberty to fend off Ergen
Satellite radio provider Sirius XM Radio hopes investment from Liberty Media will enable it to avoid a takeover by media mogul Charles Ergen. The preliminary talks may spark a bidding war between Ergen and Liberty. Sirius’s shares plummeted 51% in...
Who'll Blink First: Sirius, Loral or the Banks?
Tyler Savery submits: Conspiracy theorists will love this article. There are many who feel that Sirius XM Radio SIRI stock is heavily manipulated. In many ways, it is hard to argue against that stance. However, like many things in life, it is hard to find the smoking gun, and...
Earnings Preview: Sirius XM Radio
Sirius XM Radio SIRI is expected to report Q3 earnings after market close Monday Nov. 10, with a conference call scheduled for 4:30 pm ET.Guidance Analysts are looking for a loss of (9c) on revenue of $587.41M. The consensus range is (13c) to (7c) for EPS, and revenue of $509.61M...
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...
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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