Last week, when auto sales were announced, I speculated that we might see the company raise subscriber guidance during the Q3 conference call. As it turns out, SiriusXM did not want to wait. The company has announced that it anticipates adding 1.45 million subscribers this year. The new guidance is up from the previous level… → Read More
TechCrunch and SiriusXM have announced the launch of “TechCrunch Radio,” a limited-run series premiering at Disrupt San Francisco 2014, one of the most anticipated tech conferences of the year. TechCrunch’s East Coast Editor, John Biggs, and writer and reporter, Jordan Crook, will host the premier episode of “TechCrunch Radio” live from Start-Up Alley at 2014 Disrupt. Biggs… → Read More
Auto sales in August 2014 came in at 1, 581,341 units, which is the highest sales level we have seen this year. The SAAR for August was a very impressive 17.5 million, again, the highest level we have seen in many years. August 2014 sales were 5.5% better than the same month a year ago…. → Read More
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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
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