John Paczkowski in News on January 21, 2011 at 2:51 pm PT
Looks like Sirius XM’s run of good luck will continue well into the new year. New-vehicle retail sales data from J.D. Power and Associates suggests an increase in consumer demand for new cars. And for Sirius that means continued subsciber growth–perhaps even significant subscriber growth.
John Paczkowski in News on August 26, 2009 at 10:03 am PT
The rumors were true. At an invitation-only media event in New York City this morning, Sirius XM debuted the first-ever radio dock for the iPhone and iPod touch. Dubbed SkyDock, the $119.99 peripheral transforms Apple handsets into full-fledged satellite radios. And it gives users access to all XM and “Best of SIRIUS” channels–even Howard Stern.
John Paczkowski in News on August 20, 2009 at 9:25 am PT
Long-suffering Sirius XM investors who’ve held onto the company’s stock despite its troubles are being rewarded for their perseverance. Sirius shares are up over 13 percent today at 68 cents. And they’re up about 26 percent for the week. Why? A few reasons. The government’s “cash for clunkers” program and rumors of new iPod dock.
John Paczkowski in News on June 5, 2009 at 12:58 pm PT
Sirius XM fans will see their subscription rates rise by nearly $2 this summer. According to an employee training document, the company plans to pass on to subscribers the cost of increased performance royalty rates for satellite radio instituted by the Copyright Royalty Board in 2007. Sources say the increase will amount to about $1.98-per-month when it is implemented on July 29.
John Paczkowski in News on February 13, 2009 at 7:49 am PT
Sirius XM is ready to seek bankruptcy protection. The company has warned investors that it’s prepared to file Chapter 11. It has hired bankruptcy and restructuring advisers. And it has filled out the necessary paperwork. But it may never file it. “People familiar with the situation” tell The Wall Street Journal that Sirius CEO Mel Karmazin and satellite mogul Charlie Ergen are moving closer to an accord that would save the struggling satellite radio outfit from having to file Chapter 11.
John Paczkowski in News on February 13, 2009 at 7:49 am PT
Sirius XM is ready to seek bankruptcy protection. The company has warned investors that it’s prepared to file Chapter 11. It has hired bankruptcy and restructuring advisers. And it has filled out the necessary paperwork. But it may never file it. “People familiar with the situation” tell The Wall Street Journal that Sirius CEO Mel Karmazin and satellite mogul Charlie Ergen are moving closer to an accord that would save the struggling satellite radio outfit from having to file Chapter 11.
John Paczkowski in News on February 12, 2009 at 12:16 pm PT
As entertaining as news of a Sirius XM-EchoStar-Liberty Media three-way might be, research houses don’t appear to be giving it much credence. Already a few have issued notes dubious of the idea of Liberty accepting the white knight role in this debacle.
John Paczkowski in News on February 12, 2009 at 5:44 am PT
The Sirius XM fiasco is fast becoming high drama. Hoping to avoid bankruptcy and fend off an unsolicited takeover attempt from satellite mogul Charlie Ergen’s EchoStar, which has been acquiring its debt, Sirius has approached Liberty Media about a possible transaction.
John Paczkowski in News on January 28, 2009 at 9:13 am PT
Sirius XM Radio caught a lucky break recently when NASDAQ added another three months to a suspension of its delisting rules. With a share price below the $1 minimum price requirement to remain listed on the exchange, the struggling satellite radio broadcaster’s delisting seemed imminent. No longer.
John Paczkowski in News on December 3, 2008 at 12:41 pm PT
Looks like Sirius XM CEO Mel Karmazin won’t be taking the company private anytime soon, although given its current stock price there’s no reason he couldn’t. At its current value, you’d have to sell off more than 70 shares of SIRI to purchase a one-month subscription to Sirius Satellite Radio.
