Investor News

Liberty Media (NASDAQ:LMCA) has announced today that they have an agreement in place to purchase an additional 302 million shares at a price of $2.15.  The move will happen with a forward purchasing agreement and not via a tender offer.  The $605 million dollar transaction will take the Liberty stake in Sirius XM to 45.2%. … → Read More

Today the U.S. Federal Communications Commission dismissed Liberty Media’s request for the licenses that would have given John Malone control over SiriusXM. It turns out “40 is not the new 50.” Mark one down for Mel Karmazin and the SiriusXM shareholders on this one. Although, at is hard to call billionaire SiriusXM savior John Malone… → Read More

Consumers purchasing a used car, equipped with satellite radio, through leading auto dealer Sonic Automotive, will now automatically receive a three month trial Sirius XM subscription. This deal with Sonic Automotive puts SiriusXM in front of potential customers in over 100 dealerships across 15 states and 26 major metropolitan markets. After the recent similar partnerships… → Read More

April auto sales are in and they show a modest 2.3% improvement over last year.  The SAAR rate is down to about 14.2 million vs. a Q1 SAAR that was at 14.6 million.  Overall sales came in at 1,183,072 units.  This was slightly above the 1,157,000 reported for the same month last year. The good… → Read More

Sirius XM Radio (SIRI) today announced first quarter 2012 financial and operating results, including revenue of $805 million, up 11% over first quarter 2011 revenue of $724 million.  Net income for the first quarters of 2012 and 2011 were $108 million and $78 million, respectively, or $0.02 and $0.01 per diluted share, respectively. Adjusted EBITDA… → Read More

Sirius XM Radio (SIRI) and Volkswagen of America, Inc. have announced that customers who purchase 2013 model year vehicles equipped with RNS 510 and RNS 850 navigation systems will receive a 4-year subscription to Sirius XM Traffic, providing access to traffic speed and flow information along with accident information to assist drivers in routing around… → Read More

It certainly did not take long for attorney’s from the Stern camp to get the paperwork together to file an appeal.  The original lawsuit was dismissed with prejudice and was first reported here at SiriusBuzz.   following the decision by Juge Barbara Kapnick, Howard Stern expressed dismay at the judges ruling and vowed an appeal. Following… → Read More

As was reported here on SiriusBuzz, Sirius XM (NASDAQ:SIRI) has scored a victory in the lawsuit filed by Howard Stern in the form of a summary judgment with prejudice issued by Judge Barbara Kapnick.  A dismissal with prejudice does not preclude Stern from appealing the decision, and Stern has vowed to do just that.  Anything… → Read More

Yesterday we broke the news that Sirius XM had emerged victorious in the lawsuit filed by Howard Stern and his agent Don Buchwald.  The Judge in the matter, Barbara Kapnick, ruled in favor of Sirius XM’s request for summary judgment and dismissed the case with prejudice.  Contrary to rumors circling the Internet, Stern can, and… → Read More