BNET Industries
XM Satellite Radio Inc. (XMSR) is in the Media Industry
- Revenue
- Dec 31 2007
- $1.1B
- Profit
- Dec 31 2007
- ($682.3M)
- Market Cap
- Jul 28 2008
- $2.6B
Latest News and Analysis
Sirius XM Application In Development For iPhone
Sirius (NSDQ: SIRI) XM might be making its first play as a combined platform on the iPhone, according to Orbitcast. This would be the first time programming from the two could be accessed together. The iPhone application called StarPlayr, which is being developed by GeeksToolBox, could be released months...
Earnings: Sirius Q2 Revs Up 25 Percent; Loss Narrows; Subs Up 25 Percent
For its last quarter as a standalone entity, satellite radio operator Sirius (NSDQ: SIRI) grew revenue 25 percent to $283 million, with subs increasing to 8.9 million, 25 percent more than a year ago. Adjusted net losses narrowed to $23.8 million from $79.3 million. SAC press gross add fell...
Loading Up for Some Sirius Gains
Jeremy Richards submits: Sirius XM's SIRI share price has now dropped to such a ridiculously oversold level. It doesn't reflect the average analyst opinion and price target. On Friday, Merrill Lynch reiterated a Buy to its private wealth clients. Merrill notes: by Jeremy Richards
Sirius XM's Long Road
Gino Lattarulo submits: For all the discouraged, disillusioned and frustrated common stock holders of Sirius XM SIRI who are now wringing their hands with worry wondering what happens from here, well, it is really anyone's guess. And I'm guessing with you. After the sale of discounted shares at $1.50 the...
Games Studio Heatwave Raises $7.5 Million First Round
Video game development studio Heatwave Interactive has raised a $7.5 million first round from Syncom Venture Partners. The Austin, TX-based company will use the proceeds to fund its Central Studio, which it is billing as a new model for game development. The basic idea: Heatwave will internally fund the...
A Satellite Radio Giant's Surprising Small Audience
Jeff Bercovici submits: So now that Sirius and XM have merged, nothing can stop them from becoming a world-dominating satellite hegemon, right? Well, maybe one thing: They still don't seem to have a hell of a lot of listenership. At least Sirius doesn't. As Silicon Alley Insider...
Sirius And XM Now Sirius XM Radio Inc.; New Share Offering Priced
Now comes the really hard part? XM (NSDQ: XMSR) and Sirius (NSDQ: SIRI) have just announced the completion of the merger. The new company, SIRIUS XM Radio Inc. will now trade under Sirius' old ticker ("SIRI") starting today. Now that the two rivals can stop competing with each other,...
Sirius, XM Complete Merger; Investors Still Blue
Tyler Savery submits: The merger between Sirius SIRI and XM XMSR is no longer “proposed”. It is reality. As anticipated, Sirius and XM consummated their deal prior to the market opening Tuesday, and the company has a new name….SIRIUS XM RADIO. Among the announcements Tuesday morning were: by Tyler...
Understanding Sirius' History Of Converts May Ease the Pain
Tyler Savery submits: While Monday’s trading action would be cause for concern to any investor, it always helps to understand the full perspective of what happens with converts, and why. Even some well known financial publications and analysts had confusion over the activity surrounding the equity offering Monday. ...
Satellite Radio Merger in Writing
Tyler Savery submits: The FCC has finally put the merger between Sirius SIRI and XM XMSR into writing. The documents, made public after 4:00 PM on July 28th, outline the regulatory approval of the merger. Four of the five commissioners also offered published opinions on the vote. This official...
Significant Value in Combined Siri/XM from Merger Synergies - Citi
Tyler Savery submits: Citi analyst Tony Wible, upon seeing the preliminary Sirius SIRI results, sees merger synergies as realizable. While the finalized Sirius numbers are not public yet, the early glimpse issued by the company was enough for Wible to maintain a BUY rating and a $6.50 price target...
Sirius Announces Q2 2008 Results, Equity Offering
Tyler Savery submits: Sirius Satellite Radio SIRI announced preliminary Q2 2008 results Monday prior to the market opening. The operating results come on the heels of FCC approval of the proposed merger with XM Satellite Radio XMSR, and along with an offering. A new item to note is the...
Sirius/XM: A True Merger Of Equals
Tyler Savery submits: By Brandon Matthews I spent the better part of Sunday morning trying to answer the question on everyone’s mind; What will happen with the stock price? I have read through analysts' reports that put such a wide range of targets on Sirius SIRI, that I thought...
Sirius-XM merger receives FCC approval
The Federal Communications Commission FCC has given final approval for the merger of US satellite radio firms Sirius and XM. The majority vote in favour of the deal comes 17 months after the two firms agreed to the merger. Based on current share prices, the deal is valued at...
XM-SIRI Marriage: Is Satellite TV Next?
Gino Lattarulo submits: Now that the marriage of Sirius SIRI / XM XMSR has set a new precedent in mergers, you have wonder how many other companies will take a swing at cost conservation that would not have been tried before this. One area that comes to mind is...
Will XM Shares Still Exist on Monday?
Tyler Savery submits: Amid all of the merger news, there is one common item that many seem to question. Will XM XMSR shares still exist on Monday? The answer in my opinion is YES. The merger deal specifies that each XM share will receive 4.6 shares of Sirius SIRI...
Sirius-XM Merger Nearly Ready for Air Time
Julia Boorstin submits: It's been a hard battle since the controversial XM XMSR and Sirius SIRI satellite radio merger was proposed in February 2007, and now it's finally going to be approved. This week the FCC's vote was two to two, and now we're just waiting on Commissioner Deborah...
Sirius / SM Merger Finally Approved - And It Only Took 493 Days!
Tyler Savery submits: By Brandon Matthews The long-awaited conclusion of regulatory purgatory that began on February 19, 2007 for Sirius SIRI, XM XMSR and their shareholders is over. The merger was officially approved when the consent decree was signed overnight. As advertised, the commission vote fell along party lines with a 3 -...
FCC Approves XM-Sirius Merger; 3-2 Vote
The 16 month merger drama has ended: the FCC has approved Sirius Satellite Radio's (NSDQ: SIRI) $3.6 billion buyout of rival XM Satellite Radio (NSDQ: XMSR), which means that there will only be one sat radio operator in the country now, with 18 million-plus subscribers. The vote was 3-2...
FCC Approves Sirius Satellite Acquisition of XM
By Peter Kaplan WASHINGTON (Reuters) - Sirius Satellite Radio Inc's SIRI $3.3 billion purchase of XM Satellite Radio Holdings Inc XMSR was approved with conditions by U.S. communications regulators on Friday, clearing the way for a deal that will leave just...
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- Incorporated: 1992
XM Satellite Radio Holdings is a satellite radio service company, providing music, news, talk, information, entertainment and sports programming for reception by vehicle, home and portable radios nationwide and over the Internet to 9.1 million subscribers at Dec 31 2007 with a lineup of 170 channels, featuring commercial-free music and live radio entertainment channels; news, talk, information, and entertainment channels; sports channels; and local traffic and weather channels. Co.'s commercial-free music channels include the genres Decades, Country, Pop & Hits, Christian, Rock, Hip-Hop/Urban, Jazz & Blues, Lifestyle, Dance, Latin, World and Classical.
XM Satellite Radio Inc. Company Info
Board of Directors
Mr. Gary M. Parsons
Chairman
Mr. Chester A. Huber Jr.
Mr. Nathaniel A. Davis
Mr. Joan L. Amble
Mr. Thomas J. Donohue
Mr. Eddy W. Hartenstein
Mr. John W. Mendel
Mr. Jarl Mohn
Mr. Jack Shaw
Mr. Jeffrey D. Zients
Contact Information
1500 Eckington Place NE
Suite 57
Washington, DC
202 380-4000
NAICS Code
Radio Broadcasting: 51511
