All Posts: XM

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...

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."

...
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...
FCC Chairman Kevin Martin had said he had hoped to vote on the merger of XM and Sirius by the end of June.  After the Justice Department approved the two companies joining together it's all up to the FCC.  Pressure from both the Senate and the House has been very public with letters urging Martin to demand the companies set aside at least 20 or 25% of their channels for minorities, public service and emergency broadcasts.  They have also demande...
In a statement yesterday, Kevin Martin announced "As I have indicated before, this is an unusual situation.  I am recommending that with the voluntary commitments[Sirius and XM] have offered, on balance, this transaction would be inthe public interest."  Martin is expected to call for a vote this week.    While it's not known how the Commissioners will vote it is expected that the two Republicans will line up with Martin and the final step ...
XM has finally reached a settlement with the last major record label over its Pioneer Inno receiver.  They announced they have completed a deal with EMI, but did not announce terms. The Inno is sticky for record companies because it allows listeners to record and save music on their system for later playback. XM reached a settlement with Universal and Warner in December and Sony BMG in February....
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