Voices
John Jannarone, Reporter, The Wall Street Journal in Media on October 24, 2012 at 10:02 am PT
Mel Karmazin resigned as chief executive of Sirius XM Radio Inc., throwing in the towel after an extended battle with John Malone’s Liberty Media Corp. over control of the satellite-radio broadcaster.
John Paczkowski in News on November 1, 2011 at 1:32 pm PT
That forecast for 1.6 million net adds still holds.
John Paczkowski in News on November 4, 2010 at 7:05 am PT
Another strong set of financials for Sirius XM Radio. Posting third-quarter earnings this morning, the company reported a profit of 2 cents a share, besting analyst estimates for a break-even quarter.
John Paczkowski in News on August 4, 2010 at 7:49 am PT
“In 2010, investors will get a real indication of how good our performance can be. I feel really good about our future prospects.” That’s what Sirius XM Satellite Radio CEO Mel Karmazin had to say during the company’s second-quarter earnings call this morning, and he had good reason to say it.
John Paczkowski in News on July 7, 2010 at 6:24 am PT
Just about this time a year ago, Sirius XM Radio was up a certain creek with nary a paddle in sight. Its shares were trading at around 35 cents, it was hemorrhaging money, and anemic car sales had just led it to post its first-ever decline in net subscriber additions. Which makes the satellite-radio operator’s announcement of a nice spike in subscribership today all the more sweet.
John Paczkowski in News on May 4, 2010 at 5:01 am PT
Sirius XM Radio’s latest quarter turned out to be a decent one for the satellite radio operator. Posting first-quarter earnings this morning, the company reported a profit of $41.6 million, or one cent a share, compared with a year-earlier loss of $52.6 million, or seven cents a share.
John Paczkowski in News on March 18, 2010 at 4:10 am PT
It was inevitable, really. Having given up the gains that pushed its shares past $1 and failed to close over that threshold for 10 straight days by March 15, Sirius XM invited a delisting notice. And Wednesday afternoon Nasdaq gave it one.
John Paczkowski in News on February 17, 2010 at 10:59 am PT
Sirius XM Radio is a penny stock no more. Shares of the satellite radio company rose above $1 this morning, the first time they crossed that threshold since September 2008. As I write this, Sirius shares are trading at $1.07, up 11.46 percent for the day.
John Paczkowski in News on February 3, 2010 at 6:15 am PT
With Howard Stern’s five-year Sirius XM satellite radio deal set to expire in January 2011, there’s been a fair bit of speculation that he might return to terrestrial. Given Stern’s obvious affinity for the permissiveness of satellite, it seems unlikely that he’d ever give it up to return to “regular” radio, but would he decamp for Internet radio? Sirius CEO Mel Karmazin doesn’t seem to think so.