Sirius XM Merger

Sirius XM Merger

Implications of the Sirius XM satellite radio merger. Will this merger create an effective monopoly? Will the content and programming dramatically improve once production is centralized? How will the merger impact the industry?

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From:   www.ap.org
Satellite radio provider Sirius XM Radio Inc. said Monday it's been notified it now complies with the Nasdaq's independent director and audit committee requirements. Sirius had been notified by the Nasdaq on July 9 that it didn't comply with the requirements in order to stay listed after one of its independent directors resigned. Now, after the resignation of Gary Parsons as chairman and director, independent directors under the Nasdaq rules now constitute a majority of the company's board, Sirius said. Parsons founded XM Satellite Radio and was its chairman before the company's merger with Sirius. Shares fell 1 cents, or 2 percent, to about ... Read Full Story
From:   www.ap.org
Sirius XM Radio said Thursday that Gary Parsons has resigned as chairman and a member of the board and will be succeeded by Los Angeles Times publisher and CEO Eddy W. Hartenstein as non-executive chairman. Parsons founded XM Satellite Radio and was its chairman before the company's merger with Sirius. His replacement with an outside director brings the company in line with Nasdaq Stock Market rules on independent board members. In a statement issued by the company, Parsons said "now is the right time to step aside," following the merger of Sirius and XM. He said he was proud "of everything that has been ... Read Full Story
From:   www.ap.org
A credit ratings agency on Wednesday raised its outlook on Sirius XM Radio Inc. and its subsidiaries, citing improving profitability. Standard & Poor's Ratings Services upped the company's credit rating outlook to "Positive" from "Stable." A "Positive" outlook means that Sirius XM's rating may be raised over the next six months to two years. S&P also affirmed the satellite radio company's B- corporate credit rating. The rating covers Sirius XM's overall creditworthiness and means the company currently can meet its financial obligations. S&P said Sirius XM's profitability has improved, as measured by discretionary cash flow and earnings before interest, taxes, depreciation and amortization. Profitability ... Read Full Story
From:   www.ap.org
Sirius XM Radio Inc., the nation's only major satellite radio provider, on Thursday said its third-quarter loss narrowed as it booked smaller charges and revenue rose almost 27 percent. Sirius, the home of radio shock jock Howard Stern, finished the quarter with 18.5 million subscribers, down 2 percent from last year but up 103,000 from the second quarter. The company lost $149.2 million, or 4 cents per share, compared with a loss of $4.9 billion, or $1.93 a share, in the same quarter a year ago. The latest quarter included a $138 million charge to pay off a credit line extended by Liberty Media ... Read Full Story
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Satwaves welcomes Overstock.com CEO Patrick Byrne of Deep Capture. Join us in discussing the currently regulatory environment and attacks on Sirius XM by Jim Cramer of The Street.com sirius | xm | satellite radio | siri | Patrick Byrne Read Full Story
The annual "Thanksgiving Hotline" on SIRIUS XM Radio's Martha Stewart Living Radio show will air over the course of three days -- November 23, 24 and 25, 2009. More than 30 top chefs and entertaining experts will broadcast tips, tricks, recipes, and kitchen secrets while answering holiday cooking questions from callers.  
From huliq.com ()
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SIRIUS XM Satellite Radio has a pretty attractive promotion going on right now designed to lure back former subscribers. Deactivated radios have been "turned back on" for almost two weeks (as of 11/17) in an attempt to tempt once-paying customers with 60 channels. The freebie will stayed in place until November 30. (Photo Credit: © SIRIUS XM Satellite Radio) If you take the bait and decide you miss your Satellite Radio, SIRIUS XM will let...  
From z.about.com ()
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NEW YORK, Nov. 16 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI) announced today that it will launch Miles Davis Radio, a 24-hour commercial-free channel devoted to the music and career of Miles Davis, one of the greatest visionaries and most important figures in jazz history.  
From rss.prnewswire.com ()
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Didn't feel like spending hundreds of dollars to see Jimmy Buffett Saturday at Mohegan Sun? You're in luck: Sirius XM satellite radio plans to air Buffett's performance on its Radio Margaritaville channel. The Mohegan show is one of four the service will. The others included shows from Charlottesville, Va., and Toronto earlier this week, and one in New York City Tuesday, Nov. 24.Before each show, Radio Margaritaville will feature interviews...  
From blogs.courant.com ()
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Copyright © 2009 Neena. Visit the original article at http://neenmachine.com/2009/11/21/sirius-satellite-radio/. I’m just wondering – is Sirius Satellite Radio in trouble? You see, I just purchased a serious mommy vehicle – a Honda Odyssey minivan (my second one – the transmission blew on the first one after only 68,000 miles – but that is a different story), [...]  
From neenmachine.com ()
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Brandon Matthews submits: By Brandon MatthewsIn a Fox News exclusive, Sirius XM Radio (SIRI) CEO Mel Karmazin sat down with Neil Cavuto to discuss the current Satellite Radio environment. Karmazin reiterated his position that Sirius XM is now a cash flow growth story as opposed to a subscriber growth story, as he described the newly merged Sirius XM Radio’s generation of positive free cash flow. He indicated that free cash flow is what will...  
From seekingalpha.com ()
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RESTON, Va. - International Launch Services (ILS), a world leader in providing mission and launch services to the commercial satellite industry, and SIRIUS XM Radio (NASDAQ:SIRI), America's satellite radio company, today announced a contract for the launch of the XM-5 satellite on an ILS Pro  
From earthtimes.org ()
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Our weekly Sirius XM Blog Radio show airs today at noon Eastern (and again at midnight) on Sirius XMU. This week's episode features brand new music from Beach House, jj, Best Coast, Toro Y Moi, Nite Jewel, Burial, and more. You can listen online with a free trial here. Check this week's playlist + some mp3s after the jump... ********** gorilla vs. bear blog radio :: november 19 01 beach... click through for more...  
From gorillavsbear.blogspot.com ()
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Sirius XM (NSDQ: SIRI) Chairman Gary Parsons is resigning from the company’s board; Parsons co-founded XM Satellite Radio, which merged with Sirius last summer. He led the company after the merger, along with Sirius XM CEO Mel Karmazin. Eddy Hardenstein, a Sirius XM director who is also the publisher and CEO of the Los Angeles Times, will become the company’s non-executive chairman.  
From paidcontent.org ()
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Elvis Presley is featured in a new campaign. This time footage from the '68 Comeback Special was used for a commercial for Sirius Satellite Radio. RadioSirius XM (SIRI) shook up the nation’s televisions this last...  
From elvisnews.com ()
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