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SiriusXM To Announce Q1 Results

SiriusXM announced today that it plans to announce first quarter 2014 financial and operating results on Thursday, April 24, 2014.  The company will hold a conference call at 8:00 am ET on Thursday, April 24, to discuss these results.  SiriusXM typically announces results prior to the market open.  This quarterly call is happening just a few… → Read More

avis

Avis and Budget to Offer SiriusXM on Most Rentals

Avis Budget Group, Inc. has announced that SiriusXM is now available to a majority of Avis Car Rental and Budget Car Rental customers via factory-installed satellite radios. The new offering will give customers easy access to satellite radio… for a price.   Previous to this development, Avis and Budget offered satellite radio via a plug… → Read More

automanager

SiriusXM Ramps Up Used Car Initiative With AutoManager

SiriusXM today announced that it is now working with AutoManager, which has 4,600 auto dealers using its dealer management products, to easily enroll independent and franchise dealers to participate in the SiriusXM Pre-Owned Vehicle Program.  Essentially the company is outsourcing this project to a company that, in theory, has the contacts and capability to produce… → Read More

autoworkers

Q1 Auto Sales Expected to be Flat Year Over Year

This may come as a surprise to some, but auto sales seem to have hit a bit of a rough spot so far in 2014.  It is anticipated that Q1 auto sales will total about 3.677 million in 2014 vs 3.685 million for the same period a year ago.  Worse yet, incentive spending is increasing…. → Read More

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Pandora Wins ASCAP Ruling, Celebrates by Raising Subscription Prices

In a ruling last week Pandora was ordered to pay ASCAP, a performance rights organization, 1.85% of its annual revenue. Pandora had hopes of a rate of 1.7% but, with ASCAP looking for a whopping 3.0%, the final agreed upon rate, which was at the top of their range, is being called a win. Sony… → Read More

libertymedia

Liberty Media Pulls Offer On SiriusXM – Creates Tracking Stocks

Liberty Media did not wait for Evercore to assess any further.  The media giant withdrew its offer to bring SiriusXM under its umbrella and instead is going to create two tracking stocks. The first tracking stock will be known as Liberty Liberty Media while the other will be called Liberty Broadband.  Investors in the Current… → Read More

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February Auto Sales Down Year Over Year

So far 2014 has not been too impressive when it comes to growth in the auto sector.  In fact, we are just two months into the year and thus far both have come up short when it comes to auto sales vs. the respective months in 2013.  Yes, it has been a tough winter.  Yes,… → Read More

greg-maffei-of-liberty-media

Liberty Conference Call Excerpts Relating To SiriusXM

As most investors know, Liberty Media recently held its quarterly call. As would be expected, there were portions of the call that relate to SiriusXM and the proposed deal. Below are the pertinent parts of the transcript. Investors should know that this type of deal has a very narrow window where it makes sense for… → Read More

technical1

SiriusXM – Oh The Irony

As SiriusXM tumbles down, there are many investors that are frustrated.  Not a day goes by that I do not receive communications from investors regarding the company and the proposed transaction with Liberty Media.  To my surprise, most of those that contact me really do not understand this deal.  These investors are hung up on… → Read More

thinking

Wunderlich Downgrades SiriusXM To Hold

Analyst Matthew Harrigan has downgraded SiriusXM from a buy with a $4.20 price target to a hold with a $3.80 price target.  The firm had applied a higher price target to the company if a deal with Liberty media can be struck, but feels that a deal is becoming less likely and therefore the equity… → Read More