It’s been a while since we’ve reported on SiriusXM. The big news for the satellite radio provider is that Liberty Media, owner of Discovery Channel and other media interests, was approved for its majority takeover of Sirius by the FCC at the beginning of the year. Sirius CEO Mel Karmazin is no pal of Liberty […]
Things are staying eventful for SiriusXM. Liberty Media this week continued its ongoing campaign to take control of the satellite radio provider by buying up 40 million additional shares of the company, bringing its total ownership to 48.8%, up from its 40% stake back in March. Liberty’s intent here is clear. In a a recent […]
SiriusXM announced positive first quarter results on Tuesday, with the number of subscribers growing to an all time high of 22.3 million. The company also said that its retaining 45% of subscribers who got a trial subscription with the purchase of a new satellite radio equipped car. Its stock (SIRI) price jumped a bit–from $2.26 […]
Last Thursday, on the eve of the company’s tenth anniversary celebration with Bruce Springsteen, SiriusXM CEO Mel Karmazin appeared for a thirteen minute interview on Jim Cramer’s CNBC investment show Mad Money. There are two big questions on the mind of satellite radio watchers: will John Malone’s Liberty Media buy up more of SiriusXM, and […]
Talk is heating up on Wall Street that satellite radio purveyor SiriusXM might be on the verge of a sale. Most of the talk centers on Liberty Media, headed up by chairman and early player in cable television John Malone, which turns over media properties pretty regularly, and currently owns the QVC shopping network, Starz […]
