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siriusXM

SiriusXM loses latest satellite

Pay-radio’s SiriusXM’s brand-new satellite, launched only a few weeks ago, has suffered an in-orbit malfunction and while the full extent of the damage is uncertain the craft is likely to be declared a total loss. SXM-7 was launched on December 13th by SpaceX. In a formal statement to the Securities & Exchange Commission (SEC) the […]

January 28, 2021By Chris Forrester

SiriusXM beats 2020 guidance

Pay-radio company SiriusXM told the NASDAQ exchange that it added 909,000 new subscribers to taking the operator’s total self-pay numbers to 30.9 million “and beating its most recent guidance”. Moreover, SiriusXM says it expects to meet or exceed its overall 2020 guidance for revenues and cash-flow. As far as 2021 is concerned SiriusXM says it […]

January 12, 2021By Chris Forrester

SpaceX carries SiriusXM satellite into orbit

SpaceX carried its 25th mission of the year into orbit on Sunday December 13th at 17.30pm GMT. The client is pay-radio operator SiriusXM (SXM-7). The original scheduled launch was for Friday December 11th but was scrubbed because of technical issues. The satellite was built for SiriusXM by Maxar Technologies. It is one of two satellites […]

December 14, 2020By Chris Forrester

Stern extends SiriusXM stay

Pay-radio operator SiriusXM enjoyed a 2 per cent rise on its share price after it announced that ‘shock-jock’ Howard Stern had renewed his contract with the operator. Stern has signed on for another five years while Stern’s archive of audio and video material will be exclusive to SiriusXM for seven years. “As the leading audio […]

December 9, 2020By Chris Forrester

Stern to get $2m+ per week from SiriusXM?

Radio ‘shock jock’ Howard Stern looks set to sign a new contract with pay-radio operator SiriusXM. Such is his fame – and popularity with subscribing fans – that he looks like winning a reward of more than $2 million per week. However, on his morning show on October 7th he said the two sides are […]

October 8, 2020

SiriusXM back from the brink

Back in 2009 the already deeply financially stressed US pay-radio broadcaster SiriusXM was contemplating bankruptcy. It had a $1 billion debt obligation and no way to repay the borrowings. Sirius Satellite Radio and its rival XM Satellite Radio had already merged their loss-making operations (which wrapped in July 2008) in an attempt to save cash, […]

October 1, 2020

Malone to consolidate SiriusXM into Liberty Media?

The rumour mill surrounding the departure of Jim Meyer, CEO at pay-radio operator SiriusXM and the broadcaster’s CFO (David Frear) announced at the same time, has ramped up in earnest. One influential analyst, Jessica Reif Ehrlich from the Bank of America, describes the changes as a “significant shake-up” and says that a move by John […]

September 18, 2020By Chris Forrester

SiriusXM names new CEO & CFO

US pay-radio operator SiriusXM is losing its CEO and CFO. CEO James Meyer will retire on December 31st while CFO David Frear “will be pursuing other opportunities” after 17 years at the company. Jennifer Witz, currently president of sale, marketing & operations at the company, will take over from Meyer, while the radio broadcaster has […]

September 15, 2020

SiriusXM ups subs guidance

US pay-radio operator SiriusXM has increased its guidance for net growth in its pay-radio operation by a net 700,000 and above the previous 500,000 expectations for the year. “Our business continues to demonstrate strong performance and favorable trends since we resumed providing our subscriber and financial guidance in conjunction with our second quarter earnings report.  […]

September 10, 2020By Chris Forrester

SiriusXM gets major bank upgrade

North American pay-radio operator SiriusXM has done well for its shareholders, including Liberty Media (73 per cent shareholding). The past week has seen BMW confirm that it will install SiriusXM’s 360L on-demand satellite + streaming audio player in all its 2021 vehicle range (except for some of the Series 1 models and X1 and X2 […]

July 23, 2020