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Sirius Xm Radio

Sirius XM Wins Consumer Lawsuit, Digs In Against Stern and Shareholders

Dec 6, 2011 11:34 AM

Sirius XM (NSDQ: SIRI), flying high on a brighter balance sheet, received more good news after a California judge tossed a class action lawsuit over its advertising. But the satellite radio company is not out of the legal woods yet. It is still confronting other high stakes lawsuits involving its…

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Posted In: Legal, Companies, Liberty Media, class action, derivative lawsuit, howard stern, mel karmazin, sirius xm radio

Lawsuit Magnet Sirius XM Wins One Ruling, Loses Another

Sep 1, 2011 2:57 PM

Sirius XM (NSDQ: SIRI) likes to tout its large and diverse offerings—though sometimes it’s hard to tell if the company is talking about its channel line-up or its lawsuits. This week brings new developments in three cases against the satellite radio seller.

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Posted In: Legal, Media & Publishing, Radio, Companies, Liberty Media, class action, derivative lawsuit, sirius xm radio

Howard Stern Was Paid $600 Million By Sirius—And Still Wants A Raise

Jun 29, 2011 6:13 PM

Shock-jock Howard Stern is still locked in a lawsuit with his former employer Sirius (NSDQ: SIRI) over his pay. In a new filing, Stern says he “saved” the company, but now the company is refusing to pay him what it owes.

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Posted In: Legal, Media & Publishing, TV, Satellite, howard stern, sirius xm radio

Auto Sales Comeback Boosted Sirius Subscriptions In 2010

May 25, 2011 2:35 PM

Sirius XM (NSDQ: SIRI) benefited greatly from the recovery of the auto industry last year. Thanks to deals for adding the Sirius XM player to new cars, the company was able to reach 20.2 million subscribers at the end of 2010. In its annual report (pdf), Sirius says it expects…

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

Earnings
Sirius Subscriber Numbers Hit Company High, Doubling Profits

May 3, 2011 9:05 AM

Strong auto sales helped Sirius XM (NSDQ: SIRI) Satellite radio added 373,064 subscribers in Q1, bringing its total listener base to an all-time high of 20.6 million people. But worries about the series of disasters in Japan has caused CEO Mel Karmazin to express a little uncertainty, so the company…

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

Howard Stern Is Sirius-ly Ticked About His Pay Package

Mar 22, 2011 9:25 PM

In December, Howard Stern took to the air and told a Sirius XM (NSDQ: SIRI) exec that he’s “not taking a f—-ing pay cut.” Two days later, Stern renewed his contract, but terms weren’t disclosed. But apparently there are some pretty serious lingering issues with that pay package, because today…

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Posted In: Legal, howard stern, sirius xm radio

Industry Moves
Howard Stern’s New Five-Year Deal With Sirius Adds Exclusive Mobile Rights

Dec 9, 2010 9:37 AM

Just the other day, Howard Stern was lashing out at a Sirius XM (NSDQ: SIRI) exec in the kind of language you can only get away on satellite radio, pay TV or the internet. Today, he used the same time to put his fans—and Sirius shareholders—out of their misery by…

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Posted In: Industry Moves, Media & Publishing, Radio, howard stern, sirius xm radio

Earnings
Sirius XM Ends Q3 With Record 19.8 Million Subs; State AGs Looking Closely

Oct 13, 2010 8:37 AM

Sirius XM (NSDQ: SIRI) continued its run of subscription increases through Q3, tripling the net adds over the same quarter last year: 334,727 compared with 102,295 in Q309. That helped the satellite radio company hit 1,089,417 for the first nine months—a considerable turnaround from the loss of 488,126 in the…

Keep reading for subscription, investigation details. »

Posted In: Media & Publishing, Radio, Money, Earnings, 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 media

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

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