SiriusXM received a bit of positive news recently when a Judge hearing the lawsuit vs. SoundExchange ruled that the royalty matter relating to pre-1972 music should be determined by the CRB royalty board instead of in Federal Court. U.S. District Judge Richard J. Leon , in his ruling this past Tuesday stated that the issue… → Read More
The ownership of Liberty Media in SiriusXM has been able to increase even while the company sold shares back to SiriusXM. This happened because SiriusXM is in the midst of a share buyback program that has the company buying up shares in both the open market as well as private agreements. SiriusXM’s stock has been… → Read More
The headlines for auto sales in July of 2014 will read in a disappointing fashion, but the reality is that overall we saw a 9% gain over last year. Expectations were for a gain of about 11%, which is why the street seems to feel that the sales in July were a miss. The industry… → Read More
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SiriusXM has had its share of spats with consumer advocate groups regarding marketing practices over the years. There have also been a handful of lawsuits centered around people receiving unwanted communications from the satellite radio provider, and suits complaing that SiriusXM is obtaining personal information about car buyers. This latest lawsuit takes the cake though… → Read More
SiriusXM has announced that its Board of Directors has approved an additional $2 billion common stock repurchase program. In total, the share buy-back program now carries an overall value of $6 billion. The announcement did not state whether Liberty Media, the majority holder of SiriusXM share would participate in the program, but did list it as… → Read More
Today marks the first day that the Opie and Anthony Show has aired a live show since the firing of Anthony Cumia. This weekend I noticed that the channel art on my iPod registered the channel as “SiriusXM TALK” instead of the Opie and Anthony Channel. That switch has not made it to the SiriusXM… → Read More
June 2014 auto sales are in and the numbers remain quite positive for satellite radio. Sales this June were 1% better than a year ago and the overall pace for 2014 is still above 16 million units. With satellite radio being installed in nearly 70% of new cars, the potential to still see a little… → Read More
SiriusXM will announce Q2 2014 financial results on Tuesday, July 29, 2014 at 8:00 AM. The company typically releases financials shorty before the call, and the pre-market call is standard. Analysts are expecting the company to announce a profit of 2 cents a share on revenue of about $1 Billion. In 2014, the company has… → Read More
In 1971 Don McLean released a song that turned out to be an American classic. The Day The Music Died (American Pie) was a tribute to Buddy Holly, but was also a song that made people think of better times, simpler times, and times when the human race was more “real”. When satellite radio first… → Read More
SiriusXM has wasted very little time in firing back on a potential class action lawsuit involving a former intern for the Howard Stern Show. The suit alleges that SiriusXM failed to pay a non-paid intern and according to the plaintiff, Melissa Tierney was born from an alleged injury suffered when getting Stern his fruit salad…. → Read More