All Posts: SIRIUS

Howard Stern ended months of speculation that he might return to broadcast radio by telling his listeners he has signed a new five year deal to stay with Sirius.  He wouldn't discuss his salary but, did say he wouldn't take a pay cut.  He said of Sirius, "We're in an incredible position and suddenly there's real growth.  It's a real business.

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It worked!  Faced with possible bankruptcy or a takeover by Charlie Ergen of Dish Network, XM Sirius CEO, Mel Karmizon got a lifeline from Charlie's nemesis, John Malone of Liberty, owners of Direct TV.  Charlie had bought up almost $200 million of Sirius XM debt, payment due today.  If payment wasn't made Charlie would have made a play to take over Sirius XM.  Instead, John Malone chipped in a $530 million loan in exchange for 40% of the co...

The New York Times in an amazing story reports that John Malone may be the one to save Mel Karmizon and Sirius/XM from bankruptcy or being taken over by Charlie Ergen's Dish Network..read the entire, inside story in the New York Times...here.....
Chapter 11 Expected to Be Filed Within Days

Let the games begin.  Consider this interpretation of the fun happening in New York today....

Sirius XM satellite radio which is saddled with an enormous debt, at the same time their subscribing base keeps growing, is keeping an eye on Charles Ergen.  Ergen owns Dish Network and other communications companies and he has recently acquired $300 million in Sirius debt. That debt reportedly comes due nex...

Echostar corporation has been buying up the huge debt of Sirius XM satellite radio and now speculation is that Echostar may be trying to get in position to take over Sirius according to the Wall Street Journal...an analysis of this effort is in this morning's Market Watch....here......

Things aren't pretty in satellite radio.

Even as Sirius XM Radio (Nasdaq: SIRI) continues to gain subscribers and point to merger-related synergies, it's a hard sell on Wall Street. The company's stock begins the new trading week at $0.43 a share.

If there is any irony in the stock's erosion, it's that the bulls get more animated as the stock drops. Wait a few hours and you'll see the comment box below this art...

Sirius/XM is slated to lose $325 million this year as Mel Karmizon goes through his overhead cutting to bring XM and Sirius together...Here is their press release...

NEW YORK, Sept. 9 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (NASDAQ:SIRI)today provided an update on the company's guidance, a detailedbreakdown of expected 2009 synergies, and an outline of the company'snew "Best of Both" programming options.

(Logo: http://www.ne...


WASHINGTON, DC -- Upon learning of the Federal Communications Commission's approval of the proposed monopoly-merger of XM and Sirius Satellite Radio by a 3-2 vote, NAB Executive Vice President Dennis Wharton issued the following statement:

"Today's vote certainly comes as a disappointment to NAB. We continue to believe that consumers are best served by competition rather than monopolies."

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Violates Constitution's Equal Protection Guarantee

A demand by a federal agency that two companies agree to a race-based set aside as a condition to approval of their merger today drew a warning that the provision is unconstitutional from a western, nonprofit, public-interest law firm known for civil rights litigation. In a letter to the Federal Communications Commission (FCC), Mountain States Legal Foundation (MSLF) warned the agency that its ...

NAB calls merger a "wrong headed monopoly"

After the anti-trust department of the Department of Justice okayed the merger of XM and Sirius satellite companies it would have seemed only a matter of a political rubber stamp from the FCC to complete the deal.  Both Democrats on the Commission, Adelstein and Copps have indicated they would vote no while Republican members, Chairman Martin and Commissioner McDowell would vote to okay the deal. Th...
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