SiriusXM is reducing its staff headcount. The North American pay-radio operator is axing around 170 employees, representing 3 per cent of its current workforce of some 5,680 staff. The broadcaster laid off 8 per cent of its employees less than a year ago. CEO Jennifer Witz, in a memo to staff, said: “We made significant […]

Pay-radio broadcaster SiriusXM’s Q4 profits were at $352 million (€323.1m), just down on the same period in 2022 which were $365 million. Revenues were slightly ahead of expectations at $2.29 billion ($2.28 billion the previous year). Earnings per share were up 1 cent at $0.09 and better than analyst’s expectations. SiriusXM also reported that ARPU […]

As expected, Liberty Media and pay-radio broadcaster SiriusXM confirmed their transaction changes on December 12th. Liberty was already the largest and controlling shareholder in SiriusXM. The transaction will result in New SiriusXM being an independent public company, with no majority stockholder, a single class of shares and a board comprising a majority of independent directors. […]

SiriusXM has unveiled its refreshed branding built around a star icon. The North American pay-radio broadcasters states that the new logo takes inspiration from the night sky, putting a star at the centre of its iconic ‘S’ to represent Sirius, the ‘Dog Star’. The star is defined to “harken back to the brand’s origins as […]

US pay-radio operator SiriusXM declared Q3 revenues were flat at $2.27 billion (€2bn), just short of the $2.29 billion expected.Nevertheless, the company confirmed the increased quarterly dividend of $0.1064 per share which converts to a yield of 2.5 per cent. In summary, SiriusXM earnings growth was -3.98 per cent, a slight improvement on the same […]

Pay-radio operator SiriusXM says it will boost its quarterly cash dividend to shareholders by 10 per cent. Sirius XM Holdings Inc, the parent company, announced that its Board of Directors declared a quarterly cash dividend of $0.0266 per share reflecting an increase of approximately 10 per cent over the previous quarter’s dividend. This regular quarterly […]

SiriusXM, the US pay-radio service, and Fox News Media have announced a new long-term agreement to continue carrying Fox News Channel (FNC), Fox Business Network (FBN) and Fox News Headlines 24/7 exclusively across SiriusXM’s platforms. Additionally, Fox News On-Demand Audio will remain available on the SiriusXM app. Jay Wallace, President and Executive Editor of Fox […]

US pay-radio operator SiriusXM, in the process of being fully absorbed by Liberty Media, is about to unveil a new-look streaming tool, mobile App and in-car innovations as well as a new logo. An event is scheduled for November 8th when the full portfolio will be showcased to press and shareholders. The need for a […]

Liberty Media, which already controls US pay-radio service SiriusXM, plans to combine the two businesses, and then spin-off the radio company in a typical move by cable giant John Malone. The proposed scheme aims to spin off (or “split off”, in the words of the proposal) the then Liberty SiriusXM Group or LSXM, the group […]

North American pay-radio operator SiriusXM has been hit with a $150 million (€138m) claim from SoundExchange alleging unpaid royalties and late payments. The action was started in the US District Court for the Eastern District of Virginia. Specifically, the lawsuit alleges that SiriusXM used an artificially low revenue calculation to determine payments by ascribing “excessive […]