BNET Industries
Sirius Satellite Radio Inc. (SIRI) is in the Media Industry
- Revenue
- Dec 31 2007
- $922.0M
- Profit
- Dec 31 2007
- ($565.2M)
- Market Cap
- Jul 23 2008
- $4.0B
Latest News and Analysis
Updated: Down To One: XM-Sirius Voting Split 2-2; Deal Close?
.Nearly a year and a half later and it all comes down to one vote? FCC Commissioner Jonathan Addelstein, a Democratic appointee, has voted against approving the merger of XM (NSDQ: XMSR) and Sirius (NSDQ: SIRI), reports AP. We noted yesterday that the tally stood at 2-1 in favor,...
FCC Commissioner Copps Votes "No" to Radio Merger: No Surprise
Tyler Savery submits: FCC Commissioner Copps has opted not to bring a counter proposal to the table, and simply go with a “NO” vote on the proposed Sirius SIRI and XM XMSR merger. According to the Wall Street Journal, Copps rendered his decision on Monday, July 22nd. The...
Satellite Radio Merger: It's All Up to Tate
Eric Savitz (Barron's) submits: FCC Commissioner Jonatthan Adelstein has voted to oppose the proposed merger of XM Satellite Radio XMSR and Sirius Satellite Radio SIRI, leaving the current tally tied at 2-2, with only Deborah Taylor Tate yet to decide. If she votes yes, the deal goes through. If...
Why the Wild Trading in XM and Sirius
Eric Savitz (Barron's) submits: There’s some wild trading going on today in shares of XM Satellite Radio XMSR and Sirius Satellite Radio SIRI. My suspicion is that most of the gyrations are connected with a Wall Street Journal story today which says FCC Commissioner Michael Copps has voted...
XM's Pre-Announced Q2 Results May Hold Merger Clues
Tyler Savery submits: Before everyone jumps to a conclusion that the merger decision is now complete, I want to caution readers that this piece carries some assumptions, and some reading between the lines. Like a puzzle, you oft do not need all of the pieces to have a general...
June Numbers Prove Satellite Radio Retail Channel Outpacing the Street
Tyler Savery submits: The retail channel in satellite radio continues to stabilize and another month of better than expected numbers has rolled in. NPD Group, which tabulates retail data in many categories, has published sales figures for the month on June. According to Stifel analyst Kit Spring, the...
Inching Toward Merger, XM Offers Senior Notes
Eric Savitz (Barron's) submits: The great satellite radio merger inches ever closer. This morning, XM Satellite Radio XMSR announced a $400 million offering of senior notes, which it said is “part of a series of transaction to refinance certain debt” in connection with its pending merger with Sirius...
XM Announces Agreement With Noteholders in Good Move for Merger
Tyler Savery submits: In a move that helps pave the way for the merger with Sirius SIRI should it gain regulatory approval, XM Satellite Radio XMSR has announced an agreement with the holders of the 9.75% Senior Notes due 2014. The move, which some will consider expensive, removes one...
Has the FCC Gone Communist?
Jeff Jarvis submits: It’s bad enough that the FCC is against free speech and the First Amendment. Now it’s against capitalism. Get a load of commissioner Jonathan Adelstein’s ridiculous conditions on the long, long, long overdue Siriux-XM merger: He told the companies that they would have to agree...
Sirius and XMSR's Six Year Prison Sentence
Gino Lattarulo submits: We have a potential deciding vote on the marriage of Sirius SIRI and XM XMSR. Adelstein says he would vote in favor of the deal as long as the company would agree to a six-year cap on subscription rates as well as relinquish 25 percent of all...
Merger Watch: Sirius and XM
The M & A Researcher submits: As widely reported and analyzed since yesterday (7/17), Commissioner Adelstein has issued a proposal to approve the companies' license transfer application contingent of significant concessions involving a six-year price cap on subscriptions, 25% channel capacity divestiture, direct enforcement and interoperable devices carrying traditional...
FCC Commissioner Adelstein Puts Forth Radio Merger Offer
Tyler Savery submits: According to the Associated Press, FCC Commissioner Adelstein has put an offer on the table that would enable the merger to happen. Adelstein, a democrat commissioner, was not widely considered as one of the commissioners that would support the merger. By Adelstein putting an offer on...
Radio Is Doomed - Tear Down the Broadcast Towers
Jeff Jarvis submits: My most striking realization since getting my iPhone (love it, thanks for asking) is that radio is doomed. Pandora is a wonder, creating my own radio station, live and on the fly without need for a broadcast tower. CBS is streaming all its stations over the...
XM / Sirius: Cowen Sees Approval Soon
Eric Savitz (Barron's) submits: Are we finally near the end of the seemingly endless approval process for the proposed merger of XM Satellite Radio XMSR and Sirius Satellite Radio SIRI? Cowen’s Tom Watts thinks so. This morning he wrote in a research note that approval of the merger...
Analysts Note Latest Satellite Radio Merger Angles
Tyler Savery submits: A day after comments by Martin in the Washington Post were viewed as positive by the street, the FCC chairman issued more neutral talk Friday that centered on the possibility of additional or more stringent concessions being considered in the merger process. During all of this,...
Sirius, XM and C3SR...Who?
Gino Lattarulo submits: I'm sorry, I realize that this is old news but I just have to put my one cent thought in on this subject because I am literally sickened every time I see news about this company. "The Consumer Coalition For Competition In Satellite Radio". Are you serious?...
The 'Real' Story Behind the XM/Sirius Merger
Michael Hartleib submits: I am both a satellite radio listener consumer and a major shareholder in Sirius SIRI. As an investor, I have studied the technology and closely followed the Sirius’ operations and those of XM Satellite Radio XMSR as its only competitor. I have also read its filings made...
Arbitrage Spread Between Sirius and XM “Abnormally High” - Stifel
Tyler Savery submits: Stifel analyst Kit Spring issued a note Tuesday in which he highlighted the arbitrage spread between Sirius SIRI and XM XMSR as being “abnormally high”. The arbitrage spread is represented by the delta between the price of Sirius and XM in relation to the 4.6 shares...
Sirius-XM Merger Decision Delay Is Unacceptable
Gino Lattarulo submits: FCC to approve Sirius SIRI / XM XMSR merger by the end of the second quarter. Yawn... And so passes June 2008. The lettuce continues to rot on the dock and tax payer money is still circling the drain. For me, this merger is...
Georgetown Partners' Latest Radio Proposal Raises Many Questions
Tyler Savery submits: Months ago, when Georgetown Partners began their quest for 20% of the SDARS spectrum, I composed a list of questions that I felt should be answered. Among those questions was whether Georgetown was looking to build their own satellite radio company, or merely going to act...
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- Incorporated: 1990
- CEO: Mr. Mel Karmazin
- Employees: 973
Sirius Satellite Radio is a satellite radio provider in the U.S. Co. provides its programming over multiple platforms in addition to its satellite and terrestrial repeater network. As of Dec 31 2007, Co. provides over 130 channels to its subscribers-69 channels of 100.0% commercial-free music and 65 channels of sports, news, talk, entertainment, traffic, weather and data. Most of Co.'s subscribers receive its service through SIRIUS radios, which are sold through its website and by automakers, consumer electronics retailers and mobile audio dealers. As of Dec 31 2007, Co. had approximately 8.3 million subscribers.
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Sirius Satellite Radio Inc. Company Info
Board of Directors
Mr. Joseph P. Clayton
Chairman
Mr. Leon D. Black
Mr. Lawrence F. Gilberti
Mr. James P. Holden
Mr. Mel Karmazin
Mr. Warren N. Lieberfarb
Mr. Michael J. McGuiness
Mr. James F. Mooney
Contact Information
1221 Avenue of the Americas
36th Floor
New York, NY
212 584-5100
NAICS Code
Radio Networks: 515111Brought to you by IBMSponsored Resources
