Posts Tagged ‘sirius’
Surprise, Surprise… Sirius XM Already Talking Bankruptcy
Wednesday, February 11th, 2009Sirius XM Plans Rate Increase As Stock Continues to Decrease
Thursday, January 22nd, 2009With its shares of stock worth little more than a dime, Sirius XM will reportedly impose a rate increase on March 11th. [MORE]
Source: Rolling Stone
Satellite Radio Still Reaches for the Payday
Saturday, December 27th, 2008Deep debt, including Howard Stern’s $500 million contract, is causing Sirius XM Radio big worries despite growing revenue and subscriptions. [MORE]
Source: The New York Times
Satellite Radio Listeners Rankled By XM-Sirius Merger
Friday, November 21st, 2008Now that the Sirius-XM satellite radio merger has gone into effect, the programming has merged as well. And many longtime listeners are not pleased, crying foul over dropped shows and channels that some say they didn’t know were going to to be changed. [MORE]
Source: Rolling Stone
Sirius gets serious, reshuffles lineup, cuts DJs
Wednesday, November 12th, 2008Sirius XM chief: Yes, we will be profitable
Tuesday, October 14th, 2008In his keynote interview Tuesday at the Media & Money Conference, a joint production of Dow Jones and Nielsen, Karmazin wasn’t in humility mode. “We’re probably one of the top 25 media companies today,” he said of the newly merged Sirius XM, which brought together the world’s only two satellite radio companies. “I think it’s very clear that we will be the most successful company in the audio entertainment industry. I know certainly, as ranked by revenue, we’ll be there soon. Now we just need to grow our free cash flow and demonstrate that.” [MORE]
Source: CNET
Major Changes Are Suggested for Sirius XM Radio
Thursday, September 4th, 2008As head of the newly merged Sirius XM Radio, Mr. Karmazin faces the task of integrating two companies and finding hundreds of millions of dollars in cost cuts. [MORE]
Source: The New York Times
Sirius XM Radio Plans To Eliminate Executive Positions
Friday, August 15th, 2008Sirius XM Radio CEO Mel Karmazin told Bloomberg Television today (Aug. 14) that the newly merged company plans to eliminate executive positions in order to cut costs. [MORE]