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?
NEW YORK (Reuters) - Holiday sales of Sirius XM Radio's satellite radio players are so far matching expectations, helped in part by an advertising blitz featuring footage of Elvis Presley and Michael Jordan. Sirius XM Chief Executive Mel Karmazin told Reuters that early retail store checks indicated that sales "were very much on target to what we anticipated" since the U.S. holiday shopping season unofficially kicked off on Friday. Karmazin partly credited the company's new ad campaign with... Read Full Story
John Mayer, while warming up for an exclusive SIRIUS XM performance, riffs on some classic metal ballads by Skid Row, Extreme and Warrant.
YOU CAN HEAR JOHN MAYER ON THE COFFEE HOUSE ON DECEMBER 17th!
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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... Read Full Story
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... Read Full Story
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... Read Full Story
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... Read Full Story
Limited-run channel to feature music from every Snoop Dogg album, an in-depth interview with the legendary rapper and various countdown specialsSnoop Dogg to take listeners on a track by track preview of his new album, "Malice N Wonderland" Read Full Story
Sirius|XM will host Norah Jones this week to celebrate the release of her new album - The Fall , which hit stores in November. Jones will have an hour on The Spectrum (Sirius 18, XM 45) on Thrusday. Artist Spotlight will closely examine The Fall and will air at 7 p.m. Eastern December 10th. Then, Jones moves down the hall for a chat on The Blue Note Hour , which begins at 6 p.m. Eastern Friday, December 11th. The Blue Note Hour airs on Real Jazz (Sirius 72, XM 70). Read Full Story
Dec. 9 (Bloomberg) -- David Bank, an analyst at RBC Capital Markets, talks with Bloomberg's Lori Rothman about how budget cuts may affect Sirius XM Radio Inc.'s talk-show host Howard Stern's contract. Bank also discusses the outlook for Sirius XM and satellite radio. (Source: Bloomberg) Read Full Story
Listeners of Sirius XM Radio Inc. are getting $2 fees added to their monthly satellite radio bills, in what amounts to a sneaky price increase. Sirius XM, whose talk show celebrities include Howard Stern, is passing along performance royalty fees paid to singers, musicians and recording companies. In approving the deal, the Federal Communications Commission barred the combined company from raising prices for three years. That means Sirius could only collect the royalty fees through a... Read Full Story
