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Sirius Xm Radio

Earnings
Sirius XM Reports Record 19.5 Million Subs, Up More Than 1.1 Million

Jul 7, 2010 9:24 AM

The Sirius XM (NSDQ: SIRI) subscription turnaround continues. The satellite radio company reported its highest subscription numbers yet: 19,527,448 subs. That’s more than 1.1 million net new subs since June 30, 2009. For some sense of how big the shift was:

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Posted In: Media & Publishing, Radio, Money, Earnings, sirius xm radio

Why Sling—Not Sirius XM—Was My Stanley Cup Road Trip Savior

May 31, 2010 11:00 PM

Our six-month trial for Sirius XM (NSDQ: SIRI) expired May 24—and the company’s flawed customer service may keep it dark. My own experience with Sirius XM’s efforts to convert trial subs that come with new cars into paying customers already if had me wondering if the company could do better…

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Posted In: Entertainment, Sports, Media & Publishing, Radio, Mobile, nhl, sirius xm radio, sling

Sirius XM Speaks Android Now With New Paid App

May 28, 2010 3:54 PM

Sirius XM (NSDQ: SIRI) adds an Android app to its subscription arsenal just in time for the long holiday weekend. As is the case with the iPhone and BlackBerry versions released earlier, Android users get seven days to try it for free but must subscribe to the sat radio service’s…

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Posted In: Apps, Companies, Google, Android, sirius xm radio

Sirius XM Ups Its Estimate For Subscriber Adds By 50 Percent

May 17, 2010 1:30 PM

Sirius XM (NSDQ: SIRI) CEO Mel Karmazin said last month in pre-announcing the company’s quarterly results that Sirius XM’s subscription stats had shown a “remarkably positive turn”—and the company is now adjusting its guidance for the remainder of the year to reflect that. It now expects to add 750,000 net…

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Posted In: Media & Publishing, Radio, Research & Metrics, Metrics, sirius xm radio

Earnings
Sirius Swings To Profit, But Just Misses On Revs

May 4, 2010 7:48 AM

After a long struggle, Sirius XM Radio (NSDQ: SIRI) has shown improvement lately and has certainly tried to give the market enough hints about what it hopes is the start of a turnaround. So unsurprisingly, the satellite radio company swung to a profit of $41.6 million ($0.01 per share) versus…

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Posted In: Media & Publishing, Radio, Money, Earnings, sirius xm radio

Could Sirius Do A Better Sales Job?

May 3, 2010 3:26 PM

When Sirius XM (NSDQ: SIRI) announces its earnings before the market opens Tuesday, analysts will be looking for financial results; the subscriber numbers were pre-released weeks ago with improvements in every key area, including converting trial subs to paying. But could that 45.2 percent conversion rate be even better if…

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Posted In: Media & Publishing, Radio, sirius xm radio

Sirius Dips Into The Online Vault In Hunt For New Car Subs

Apr 20, 2010 2:06 PM

Sirius XM (NSDQ: SIRI) has some positive momentum—and it seems, at least one creative marketer trying to flip former online users into paying car subscribers. The company is offering folks who’ve tried the service online a free radio and one month’s free service in exchange for setting up billing that…

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Posted In: Media & Publishing, Radio, sirius xm radio

Earnings
Karmazin: Sirius Sub Stats Show ‘Remarkably Positive Turn’

Apr 14, 2010 9:43 AM

Yes, it’s a bit of hyperbole—a Mel Karmazin specialty—but the CEO of Sirius XM (NSDQ: SIRI) has something to be excited about in consecutive quarters after years of slogging through. Sirius showed its first post-merger profit in Q409 and now preliminary Q1 numbers from the satellite radio company show subscriptions…

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Posted In: Money, Earnings, mel karmazin, sirius xm radio

Earnings
Sirius XM Reports First Quarterly Profit

Feb 25, 2010 11:14 AM

Sirius XM (NSDQ: SIRI) CEO Mel Karmazin has said for months now that his company’s performance would improve considerably soon—and on Thursday he delivered. Sirius XM posted a six percent increase in revenue to $684 million and net income of $14 million, up from a net loss of $246 million…

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Posted In: Media & Publishing, Radio, TV, Satellite, Money, Earnings, sirius xm radio

Analyst Taking New Look At Sirius Sees Loyal Subscribers Willing To Pay Higher Fees

Jan 26, 2010 5:24 PM

Lazard Capital Markets’ Barton Crockett initiated coverage of Sirius XM (NSDQ: SIRI) today with a “buy” rating and a $1.00 target—due in large measure to the way subscribers are accepting higher costs. The changed outlook overall for Sirius doesn’t hurt: “After surviving a close brush with bankruptcy in early 2009,…

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Posted In: Entertainment, Music, Media & Publishing, Radio, barton crockett, sirius xm radio

Sirius XM CEO Says Auto Market Is Improving And Taking Sat Radio With It

Jan 19, 2010 7:12 PM

Sirius XM (NSDQ: SIRI) doesn’t announce year-end earnings officially until February but CEO Mel Karmazin didn’t wait to spread some good news for a change. The satellite radio provider claims 247,182 net adds in Q4, the highest number since Q308, for a year-end total of 15,703,932 subs. In a statement,…

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Posted In: Media & Publishing, Radio, mel karmazin, sirius xm radio

Exec Salaries: Carey’s Compensation Could Reach $43M; Karmazin Gets New, Richer Contract

Jul 2, 2009 1:34 AM

At some media companies, it is business as usual when it comes to exec salaries: —At News Corp (NYSE: NWS). newly appointed COO and president Chase Carey could earn as much as $43.1 million in his first year, in salary and bonuses, according to an SEC filing today, picked up…

details on chernin exit and karmazin's contract »

Posted In: Media & Publishing, Radio, TV, Satellite, Companies, News Corp., chase carey, mel karmazin, peter chernin, sirius xm radio

Sirius Debt Gets An Upgrade (All The Way To CCC+)

Apr 15, 2009 8:25 AM

Sirius XM (NSDQ: SIRI) debt is still considered junk, but Standard & Poor has given the company cause for a little cheer, upgrading its credit rating to CCC+ from CCC. Sirius is, of course, still has a whole host of problems, but S&P analyst Hal Diamond cited “increased comfort with…

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Posted In: Entertainment, Media & Publishing, sirius xm radio

The Sirius Rollercoaster Ride

Mar 19, 2009 11:43 AM

We’d forgotten how addictive it can be to watch Sirius’s stock gyrations. The satellite radio operator’s share price dropped 20 percent this morning, even though there was no major news on the company today—and that’s on top of an 85-percent swing in the stock price between the market’s open on…

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Posted In: Advertising, Entertainment, Media & Publishing, TV, Satellite, sirius xm radio

Sirius Founder Says Company Won’t Be Able To Compete

Mar 16, 2009 12:00 PM

Few would argue that Sirius (NSDQ: SIRI) is in good shape—the company has massive debt obligations and is struggling with a drop in new subscribers—but its founder is more pessimistic than most about the company’s future. In a long interview with Fortune Magazine, Martine Rothblatt, who started the company in…

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Posted In: Advertising, Entertainment, Media & Publishing, TV, Satellite, martine rothblatt, sirius xm radio

Earnings
Earnings: Sirius Boosted Revenue In Q4, But New-Subscriber Numbers Plunged

Mar 11, 2009 8:15 AM

Sirius XM (NSDQ: SIRI) Satellite Radio reported a net loss of $249 million in the fourth quarter of 2008, and a huge drop in new subscribers—from 1.1 million in Q407 to only 82,945 in Q408. But the company was able to narrow its loss from the year-ago quarter (the loss…

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Posted In: Advertising, Entertainment, Media & Publishing, TV, Satellite, Money, Earnings, sirius xm radio

Liberty Closes Phase Two Of Sirius Investment; Takes Stake In Company

Mar 6, 2009 3:05 PM

When Liberty Media (NSDQ: LINTA) bailed out Sirius XM (NSDQ: SIRI) Satellite Radio in mid-February with a loan of $530 million, the investment was set up in two phases. The first was completed immediately; the second was dependent on Sirius successfully extending the terms of loans it needs to re-pay…

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Posted In: Entertainment, Media & Publishing, Companies, Adobe, Liberty Media, sirius xm radio

What Is Liberty’s Endgame With Sirius? Finally, Some Elaboration

Feb 25, 2009 3:37 PM

John Malone is one of the great sharks of the media world, and so when he loaned Sirius XM $530 million earlier this month, no one thought it was some act of charity. But his exact motivations weren’t clear. On the earnings call today, Liberty Media’s CEO Greg Maffei addressed…

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Posted In: Entertainment, Media & Publishing, Companies, Adobe, Liberty Media, greg maffei, sirius xm radio

8K Watch: The Fine Print On The Sirius-Liberty Deal

Feb 17, 2009 3:15 PM

The 8K on Sirius XM (NSDQ: SIRI) released this morning in conjunction with the announcement of Liberty Media’s investment offers some additional nuggets on the deal: —The first major principal payment on the debt issued to Sirius today is due Jan. 1, 2012, which means the company has given itself…

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Posted In: Advertising, Entertainment, Media & Publishing, Companies, Adobe, Liberty Media, sirius xm radio

Sirius Stock Jumps

Feb 17, 2009 10:13 AM

The share price of Sirius XM (NSDQ: SIRI) doubled in early trading today, on the announcement that Liberty Media (NSDQ: LINTA) would be investing $530 million to help the satellite radio operator avoid bankruptcy. The stock was up to $0.20 from $0.10 within the first hour of trading.  The surge…

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Posted In: Entertainment, Media & Publishing, TV, Satellite, Money, sirius xm radio

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