Sirius XM News Thread

[Chob]

Originally Posted by The Butler NEW YORK, July 7 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI) today announced that it added 583,249 net subscribers in the second quarter of 2010, compared to a net subscriber decline of 185,999 in the second quarter of 2009. In the first half of this year, SIRIUS XM added 754,690 net subscribers compared to a loss of 590,421 net subscribers in the first half of 2009. The Company ended the second quarter with a record-high 19,527,448 subscribers, an increase of more than 1.1 million subscribers from June 30, 2009. http://www.prnewswire.com/news-relea...-97924424.html

I may blast them on a regular basis and think they make shit decisions, but I'm glad they're doing well.

[The Butler]

Interesting take on Howard signing on for a few more years.

I have no insider information on this topic, but it seems to me overwhelmingly likely that Howard Stern’s marriage to Mel Karmazin at Sirius XM will continue for another few years. Here’s why: 1. Less is More on Satellite Radio

http://johanlindstrom.byethost24.com...-at-sirius-xm/

[Chob]

Originally Posted by The Butler Interesting take on Howard signing on for a few more years. http://johanlindstrom.byethost24.com...-at-sirius-xm/

I totally agree with this article.

[The Butler]

(Reuters) - Sirius XM Radio on Wednesday posted better-than expected quarterly revenue, citing a sharp jump in subscribers to its pay-radio service and customers' desire for premium programing. The company, run by media industry veteran Mel Karmazin, nudged its full-year revenue estimate up to $2.8 billion from $2.7 billion, after it added 583,000 net subscribers in the second quarter. Revenue in the second quarter rose 16 pct to $699.7 million, beating analysts' average estimate of $691.4 million, according to Thomson Reuters I/B/E/S.

http://www.reuters.com/article/idUSTRE6732C820100804

[Silent Jesus]

I'm pretty surprised to hear that really....

I mean the offering of equipment is pretty weak. I wonder how they will fare in the next quarter - which might reflect the slowing economy a bit more?

[Chob]

Today during the Sirius XM Radio Inc. Q2 earnings call, CEO Mel Karmazin announced that they will be launching "Satellite Radio 2.0" in retail stores for the 2011 holiday season. "Our next generation of satellite radios are expected to offer more choices for the consumer and contain functionality that does not exist today." There were little specifics other than that the new satellite radio receivers are expected to be allowing for more channels and more capacity. Sirius XM seemed very optimistic of the new initiative, adding that they will help to improve sales at the retail level.

http://www.orbitcast.com/archives/ne...e-in-2011.html

[The Butler]

From a transcript of the earnings conference call. This is Mel speaking:

Sirius XM is very committed to continue to innovate. Satellite radio was a great example of that innovation and satellite radio 2.0 where we believe take it to a new level. While we have been reducing costs and making the organization more efficient. We continue to invest in R&D. Our next generation of satellite radios are expected to offer significantly more choices for the consumer and contain functionality that does not exist today in our radios. There will not be any significant increase in our costs, to bring these radios to consumers and we expect to have the first satellite radio 2.0 products in retail stores by the holiday season in the fourth quarter of 2011.

http://seekingalpha.com/article/2185...all-transcript

4th Qtr of 2011? I guess Mel is saying buy an XM radio now or wait a year. The link posted is a very long article.

[Chob]

Originally Posted by The Butler From a transcript of the earnings conference call. This is Mel speaking: http://seekingalpha.com/article/2185...all-transcript 4th Qtr of 2011? I guess Mel is saying buy an XM radio now or wait a year. The link posted is a very long article.

Hopefully my Stiletto holds out a year, if I'm even still a sub by then. Which I probably will be, barring the complete lack of either Stern or Bubba.