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 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
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
Sirius XM Around The Web
- Court Slaps Down Arguments by Sirius XM's New Legal Tea...
- Sirius XM's Improving User Count and New Features Bode ...
- Howard Stern Birthday Bash To Air “Director’s Cut”
- Meet The Press Joins SiriusXM Line-Up
- Schuette announces $3.8 million settlement with Sirius XM - ...
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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
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
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
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
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
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
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