Sirius Xm Radio
Staci D. Kramer
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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Staci D. Kramer
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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Staci D. Kramer
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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Joseph Tartakoff
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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David Kaplan
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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Staci D. Kramer
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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Staci D. Kramer
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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Staci D. Kramer
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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Joseph Tartakoff
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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Staci D. Kramer
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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Staci D. Kramer
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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Rafat Ali
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 »
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Rory Maher
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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Rory Maher
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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Rory Maher
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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Rory Maher
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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Rory Maher
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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Rory Maher
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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Rory Maher
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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Rory Maher
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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