Satellite radio

  1. Sirius Creditors Threaten To Oust CEO: Report

    February 16, 2009 12:00 AM EST A group of Sirius XM Radio Inc creditors will seek to remove chief executive Mel Karmazin if the company chooses a bankruptcy filing over a deal with an investor that would let it stay solvent, the Wall Street Journal said. "Creditors will ac ...

  2. Sirius XM in talks with DirecTV, Liberty - Reports

    February 12, 2009 12:00 AM EST Sirius XM Radio Inc's chief executive Mel Karmazin has approached DirecTV Group Inc and Liberty Media in an effort to fend off bankruptcy as well as a bid by EchoStar Corp's Charlie Ergen, media reports said. The reports come as Sirius X ...

  3. Ergen Offers Troubled Sirius A Lifeline: Reports

    February 11, 2009 12:00 AM EST Satellite mogul Charles Ergen has offered to boost the capital and restructure the debt of Sirius XM Radio Inc, which has been preparing for a possible bankruptcy filing, newspapers reported. Ergen has offered to inject several hundred million dol ...

  4. Report: EchoStar Amasses Sirius XM Debt

    February 05, 2009 12:00 AM EST Charles Ergen's EchoStar Corp has quietly accumulated a substantial portion of Sirius XM Satellite Radio Inc's maturing debt in what could be the first salvo in an attempt to take control of the company, the Wall Street Journal said, cit ...

  5. Sirius XM Integrates Programming, Rolls Out New Channels

    November 12, 2008 12:00 AM EST When Sirius XM Satellite Radio subscribers turned on their radios on Wednesday morning (Nov. 12) they were greeted by a message that their channels were being updated. This was the much anticipated day when all of the new channel assignments were ...

  6. Sirius XM Takes $4.8 Billion Writedown In Q3

    November 11, 2008 12:00 AM EST Sirius XM reported a third quarter net loss of $4.88 billion, or $1.93 a share. A year earlier, prior to Sirius Satellite Radio's merger with XM, Sirius lost $119.6 million, or 8 cents. The current loss includes a $4.8 billion impairment char ...

  7. Will Satellite Radio Fall To Earth?

    November 07, 2008 12:00 AM EST Barely three months after the long-delayed merger of satellite radio companies Sirius and XM, the newly combined Sirius XM Radio is struggling to stay afloat. The company has just another three months to start paying down more than $1 billion in d ...

  8. Sirius XM: Now Comes The Hard Part

    August 04, 2008 12:00 AM EDT Now that the two U.S. satellite radio broadcasters completed their merger July 29 to form Sirius XM Radio, the combined company will face a host of challenges in navigating the new digital landscape. Over the long haul, the prospect of widespread ...

  9. Sirius Completes Merger With XM

    July 29, 2008 12:00 AM EDT The much-discussed, long-awaited merger of equals is done. Sirius Satellite Radio this morning (July 29) completed its $3.3 billion absorption of direct competitor XM Satellite Radio in an all-stock deal that took nearly 18 months to wind through ...

  10. FCC Approves Satellite Merger

    July 25, 2008 12:00 AM EDT The FCC waited until just before 9 p.m. ET Friday evening (July 25) to announce the long-awaited merger between Sirius Satellite Radio and XM Satellite Radio was approved by a 3-2 conditional vote by the Commissioners, clearing the way for one big ...

  11. Adelstein Reverses, Votes Against Satellite Merger

    July 23, 2008 12:00 AM EDT FCC Commissioner Jonathan Adelstein this morning (July 23) voted against the proposed Sirius-XM merger after the satcasters refused to embrace any of the conditions he proposed to win his support for the deal, R&R has confirmed. "It was c ...

  12. Promotional Value Of Music On Radio: $2.4 Billion

    June 27, 2008 12:00 AM EDT One day after the contentious Performance Rights Act sailed through the House Subcommittee on Courts , the Internet and Intellectual Property, NAB president and CEO David Rehr pegged the promotional value of music broadcast on terrestrial radio at ...

  13. EMI Music Publishing, XM Settle Suit

    June 26, 2008 12:00 AM EDT XM Satellite Radio and EMI Music Publishing have resolved the lawsuit brought by the publisher against XM over its Pioneer Inno portable satellite radio. No terms of the resolution were disclosed. The Inno allows users to save individual songs fro ...

  14. Martin Gives Specifics On Satellite Merger

    June 16, 2008 12:00 AM EDT FCC chairman Kevin Martin on Monday (June 16) said he will recommend to his four fellow commissioners approval of the Sirius Satellite Radio merger with XM Satellite Radio after executives at the two entities agreed to a series of conditions that ...

  15. Digital Briefs: Bonnaroo, XM, Squeezebox

    June 10, 2008 12:00 AM EDT -ATT’s Blue Room has won exclusive rights to webcast select performances from the Bonnaroo Music And Arts Festival June 13-15. Artists to be featured include Metallica, the Raconteurs, Les Claypool, Ozomatli and several others. The site will also ...

  16. Sirius, XM Merger Approved By DOJ

    March 24, 2008 12:00 AM EDT Sirius Satellite Radio's $5 billion buyout of rival XM Satellite Radio received the Justice Department's green light Monday as government lawyers found that the combined company competes against a broad universe of electronic entertainme ...

  17. Satellite Radio In Limbo

    February 27, 2008 12:00 AM EST Mel Karmazin, the charismatic CEO of Sirius Satellite Radio, has more than just a stalled merger on his mind. He's also wondering what it's going to cost to keep his star talker, Howard Stern, on board. "Great content costs money,&q ...

  18. XM Satellite Resolves Lawsuit With Sony BMG

    February 01, 2008 12:00 AM EST XM Satellite Radio Holdings Inc said on Friday it has resolved a lawsuit brought by Sony BMG over Pioneer Inno, a portable satellite radio with advanced recording features. In a statement, XM said Sony BMG Music Entertainment has withdrawn as a pa ...

  19. Rep. Broun Blasts Proposed Sirius/XM Merger

    December 26, 2007 12:00 AM EST Representative Paul Broun (R-Ga.), member of the House Homeland Security Committee and the House Science & Technology Committee, sent a letter on Friday (Dec. 21) to U.S. Attorney General Michael Mukasey, FTC chairman Deborah Platt Majoras and ...

  20. XM, Warner Music Group Settle Suit

    December 21, 2007 12:00 AM EST Just days after reaching an agreement with Universal Music Group, XM Satellite Radio has reached a similar settlement with Warner Music Group with regards to the Inno portable satellite receiver. Under the deal, WMG will withdraw from the lawsuit, ...

  21. UMG To Drop XM Lawsuit

    December 17, 2007 12:00 AM EST Universal Music Group and XM Satellite Radio have resolved their legal battle over the Pioneer Inno portable satellite receiver. Under a deal expected to be announced later today, UMG will withdraw the lawsuit it filed against XM last year in retu ...

  22. Copyright Board Sets XM, Sirius Royalty Rates

    December 04, 2007 12:00 AM EST The U.S. Copyright Royalty Board today decided new royalty rates for sound recordings broadcast via satellite radio stations. The rates set the amount that XM Satellite Radio and Sirius Satellite Radio must pay to SoundExchange, the non-profit org ...

  23. XM Expects Q4 Subscriber Growth

    November 27, 2007 12:00 AM EST XM Satellite Radio Holdings Inc. expects retail subscriber growth to resume in the fourth quarter, but declines may occur again in the first or second quarter of 2008, chairman Gary Parsons said Monday. XM, which lost a net 17,000 retail customers ...

  24. Feds Eye Fines For Satcasters

    September 27, 2007 12:00 AM EDT Sirius and XM satellite radio companies are coming under the FCC spotlight for producing and distributing inferior radio receivers and for placing terrestrial repeaters in unapproved locations, and could face fines according to FCC chairman Kevin ...

  25. Sirius Links Sonos

    August 15, 2007 12:00 AM EDT Sirius Satellite Radio programming is now available on the Sonos in-home digital music system, without the need to add a satellite antenna. The programming is, instead, transmitted over the Internet. The Sonos system connects directly to the Inter ...

  26. XM, MySpace Team For Talent Search

    August 14, 2007 12:00 AM EDT XM Satellite Radio is teaming with MySpace for an online hip-hop and R&B talent search called "Show Us What Ya Got!" Interested artists must submit an original song on XM's MySpace page before Aug. 31 to be considered. A panel o ...

  27. Satcasters To Offer A La Carte Programming

    July 23, 2007 12:00 AM EDT Hoping to win favor with federal regulators and win approval of their proposed merger, Sirius Satellite Radio and XM Satellite Radio have offered to implement a la carte programming as a combined company. The offer is part of a broader pricing and ...

  28. Live Earth Links With XM Radio For Coverage

    June 19, 2007 12:00 AM EDT XM Radio and Live Earth are partnering to provide live 24-hour satellite radio coverage of the July 7 global concert series, set for Australia, China, Africa, England, Turkey, Brazil and the United States. Beginning July 6, fans can listen to cove ...

  29. XM Canada COO To Exit

    June 07, 2007 12:00 AM EDT Stephen Tapp, president/COO of XM Canada, will leave the company June 15, to pursue other opportunities according to a statement released today. John Bitove, chairman and CEO of Canadian Satellite Radio Holdings Inc. continues to oversee XM Canada ...

  30. Sirius Grabs Majority Of Retail Satellite Subs In Q1

    May 02, 2007 12:00 AM EDT The majority of new subscribers to satellite radio during the first quarter of 2007 signed on with Sirius, according to that company's CEO, Mel Karmazin. Kamazin, speaking on Sirius' quarterly results teleconference to Wall Street analys ...

  31. Karmazin Reiterates Sirius/XM Merger Benefits

    April 18, 2007 12:00 AM EDT Making another appearance in Washington, D.C., on Tuesday morning (April 17) regarding the proposed merger of his company, Sirius Satellite Radio and competitor XM Satellite Radio, Sirius CEO Mel Karmazin this time appeared before the Senate Commi ...

  32. XM Pushes Programming Beyond Satellite

    April 03, 2007 12:00 AM EDT XM has entered a deal in Canada to deliver programming to wireless, cable and Internet platforms. XM Canada and media giant Rogers Communications have partnered to deliver content to be included in the Rogers Vision package of wireless services. R ...

  33. Alabama Reps Oppose XM, Sirius Merger

    March 29, 2007 12:00 AM EDT The Alabama House of Representatives has voiced opposition to the proposed merger of XM Radio and Sirius Satellite Radio. House members unanimously passed a resolution this morning urging the U.S. Attorney General and the FCC to oppose the merger ...

  34. Publishers Sue XM Satellite Radio

    March 22, 2007 12:00 AM EDT A group of music publishers sued XM Satellite Radio over the XM + MP3 service late today (March 22). EMI Music Publishing, Warner/Chappell Music, Sony/ATV Music and Famous Music claim they want to "put an end to the pervasive and willful copy ...

  35. Sirius Narrows Q4 Loss to $245.6 Million

    February 27, 2007 12:00 AM EST Sirius Satellite Radio Inc., which has agreed to acquire its rival XM Satellite Radio Holdings Inc., reported a narrower loss for the fourth quarter Tuesday (Feb. 27) as revenues more than doubled. Sirius had a net loss of $245.6 million, or 17 ce ...

  36. XM Radio Narrows Loss In Q4

    February 26, 2007 12:00 AM EST XM Satellite Radio Holdings Inc., which last week announced plans to combine with rival Sirius, said Monday a 45% jump in revenue and a tighter leash on marketing costs helped narrow its fourth-quarter loss. The Washington-based company, which has ...

  37. Plugged and Unplugged

    February 23, 2007 12:00 AM EST Plugged: Merger Mania The merger bug hit the music industry hard this week with the newly proposed $4.9 billion merger between Sirius Satellite Radio and XM Satellite Radio. While regulators and consumer advocates immediately fall into a defensive ...

  38. Congressman Calls For XM-Sirius Hearing

    February 21, 2007 12:00 AM EST Rep. Bob Goodlatte (R-Va.) is urging the House Judiciary Committee to examine the potential merger between XM Satellite Radio and Sirius Satellite Radio. He wants the committee to hold a hearing to look more closely at legal parameters and competi ...

  39. Sirius, XM Agree To Merger

    February 19, 2007 12:00 AM EST More than two years of merger rumors came to fruition Monday (Feb. 19) as Sirius Satellite Radio and XM Satellite Radio announced that the two FCC-licensed companies have entered into a definitive agreement, under which the companies will be combi ...

  40. Court Denies XM Request To Dismiss Music Label Suit

    January 19, 2007 12:00 AM EST A federal judge today (Jan. 19) denied XM Satellite Radio's attempt to dismiss the lawsuit brought by major labels over the XM players which record, library and retain music broadcast by the service. In a 23-page opinion, U.S. District Court ...

  41. Senators Reintroduce PERFORM Act

    January 11, 2007 12:00 AM EST Senators reintroduced a bill today (Jan. 11) aimed at protecting copyrighted materials distributed by cable, satellite and Internet radio services. Sens. Dianne Feinstein (D-Calif.), Lindsey Graham (R-S.C.), Joseph Biden (D-Del.) and Lamar Alexand ...

  42. Sirius Pays Stern $83 Million Stock Bonus

    January 09, 2007 12:00 AM EST Sirius Satellite Radio paid Howard Stern a bonus worth nearly $83 million on Tuesday (Jan 9) for surpassing subscriber goals set in a 2004 contract that had already turned heads with its $500 million compensation package. The freewheeling and riba ...

  43. XM Adds 1.7M Subs In '06, Falls Short Of Projections

    January 05, 2007 12:00 AM EST Based on preliminary results, XM Satellite Radio Friday (Jan. 5) reported it added 1.7 million new subscribers in 2006 -- 442,000 coming in Q4 -- giving them a total subscriber base of 7.6 million. The year-end total fell short of the satcaster� ...

  44. Sirius Ends Year With +6 Million Subscribers

    January 02, 2007 12:00 AM EST Satellite radio service provider Sirius Satellite Radio Inc. said Tuesday (Jan 2) it grew its subscriber base to more than 6 million, roughly at the midpoint of a previous projection. Also, based on preliminary fourth-quarter financial results, Si ...

  45. Sirius Q3 Revs Soar, Subs Up 135%

    November 08, 2006 12:00 AM EST Revenue soared 150% to $167.1 million. Sirius Satellite Radio's total revenue soared 150% to $167.1 million during the third quarter, which ended Sept. 30, compared to the $66.8 million in revenue earned during the same period in 2005. Sirius ...

  46. Irvin Named XM's Chief Marketing Officer

    October 23, 2006 12:00 AM EDT Vernon Irvin, a 20-year marketing executive who, since 2003, served as executive VP/GM of the communications services group VeriSign, will join XM Satellite Radio as chief marketing officer, effective Vernon Irvin, a 20-year marketing executive wh ...

  47. Sirius Claims 5.1 Million Subs, XM Hits 7.2 Million

    October 04, 2006 12:00 AM EDT Sirius says it took 61% of total additions in Q3. Satcaster Sirius on Wednesday (Oct. 4) revealed that it ended the third quarter on Sept. 30 with 5.1 million subscribers after adding 441,101 since July 1. That’s a 135% gain from the same time las ...

  48. AOL, XM, AEG End Network Live Deal

    September 26, 2006 12:00 AM EDT Kevin Wall acquires company, renaming it Control Room. AOL, XM Satellite Radio and AEG have ended their Network Live joint venture with Live 8 mastermind Kevin Wall. Wall has acquired full control of the year-old company and has renamed it Control ...

  49. XM, Google Strike Ad Pact

    August 02, 2006 12:00 AM EDT Extends search engine's ads to select XM channels. Google Inc. on Wednesday (Aug. 2) struck a deal with XM Satellite Radio Holdings Inc. to help the search engine's advertisers automatically insert ads on XM's nonmusic radio channel ...

  50. Sirius Raises Subscriber Forecast

    August 01, 2006 12:00 AM EDT Q2 numbers show jump in subscribers, losses, revenue. Sirius Satellite Radio Tuesday (Aug. 1) raised its year-end subscriber forecast to 6.3 million, from 6.2 million. Early in the year, the radio service forecast it would have 6 million subscribe ...

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