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It's hard to cite Sirius XM Radio Inc.'s most daunting challenge: Is it the $1 billion in debt payments, a bad economy or plummeting new-car sales, the satellite radio company's biggest avenue for new customers? And what about the next big threat, free...
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Directed Electronics unit said that it has entered into an agreement with Sirius XM Radio outlining key terms for winding down their business together by January 31, 2009, the expiration date of their current distribution agreement.
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The company, created by the combination of satellite radio companies Sirius and XM earlier this year, expects to end 2008 with 19.1 million subscribers and end 2009 with 20.6 million subscribers. It sees revenue of $2.7 billion in 2009 and $3 billion...
Tags: sirius, billion, auto, bank, XM Satellite Radio, Sirius Satellite Radio
Thomson concluded that across these two universes of companies, the best performers averaged revenue growth between 13% and 15% andĀ earnings-per-share growth between 29% and 38%, alongside consistent returns on equity. Those numbers are well above what...
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The "Best of Both" programming packages and a la carte options promised by Sirius XM following the recent merger of the two satellite companies have been announced. XM subscribers can now add select Sirius channels to their existing service, and Sirius...
The company has more than $1.1 billion in debt that will come due in 2009, with $300 million in convertible senior notes due in February. "We are looking to raise bank debt, probably a term that will be a couple to three years, and that will take out...
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irius XM Radio Inc., the product of the late-July merger between Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc., boosted its expectations for merger-related savings in 2009 while also projecting revenue below analysts' estimates amid...
Tags: sirius, communications, commission, federal, Mel Karmazin, Sirius XM
Sirius XM Radio CEO Mel Karmazin told Bloomberg Television on Thursday that the newly merged company plans to eliminate executive positions in order to cut costs. He said he had already identified jobs that could be cut to create substantial savings.
Tags: sirius, communications, Sirius XM Radio
Sirius XM CEO Mel Karmazin finally got what he wished for with the merger of Sirius and XM last month. But for listeners hoping for a kaleidoscope of combined programming choices, the wait is on. To be sure, today's radios will still get either XM broadcasts...
Tags: sirius, Merged Sirius XM, news, Mel Karmazin
ompanies Featured in This Article: Sirius XM Radio Sirius Satellite Radio Inc.'s second-quarter net loss narrowed as it continued to spend less to attract new subscribers in its last reporting period as a stand-alone company. The company, which was renamed...
Tags: sirius, Sirius XM Radio Inc.