SiriusBuzz http://siriusbuzz.com All Things SiriusXM Satellite Radio Fri, 27 Mar 2015 01:36:34 +0000 en-US hourly 1 SiriusXM Releases New iOS App – Version 3.0 http://siriusbuzz.com/siriusxm-releases-new-ios-app-version-3-0.php http://siriusbuzz.com/siriusxm-releases-new-ios-app-version-3-0.php#comments Thu, 19 Mar 2015 05:43:53 +0000 http://siriusbuzz.com/?p=21040 → Read More]]> There is hope for all of you SiriusXM iOS app users as your favorite satellite radio provider has finally sunk some thought and resources into their online listening experience.

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This new app boasts features including speedier tune times, synced settings across devices, enhanced search, personalized recommendations, and social integration.

Although it may not be touted as a bullet point feature, gone are the days of using your pinky finger on those tiny little touch targets as the new app features large clickable areas that leave room for the fattest of fingers. Finally no more miss-clicks and accidental deletions!

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Sleek new channel pages, complete with album art and biography’s, feature the ability to share what you’re listening to via iMessage, Twitter, and Facebook.

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The new and improved customization screen makes it much easier for users to stream more of what they want.

New application settings also allow you to choose both your live and download audio quality, for those users on a tight data budget.

SiriusXM finally has an app with looks, usability, and functionality worthy of a company of their caliber. The most important question now is – will it work? As of today OnDemand episodes of my favorite shows are two days behind but, it hasn’t crashed yet so, that’s a good start.

Details and download information can be found in the App Store.

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Jeff Foxworthy and Larry The Cable Guy Team Up With SiriusXM http://siriusbuzz.com/jeff-foxworthy-and-larry-the-cable-guy-team-up-with-siriusxm.php http://siriusbuzz.com/jeff-foxworthy-and-larry-the-cable-guy-team-up-with-siriusxm.php#comments Mon, 16 Mar 2015 14:26:34 +0000 http://siriusbuzz.com/?p=21037 → Read More]]>

Jeff Foxworthy and Larry the Cable Guy will not only contribute, but serve as executive producers of  a new channel of exclusive comedy material that listeners will not hear anywhere other than at the comedy stars’ live comedy shows.  Comedy channels have been a staple on Sirius XM since its inception.  They oft provide a needed break from news programming and music channels.  Foxworthy and Larry are well known and respected in Comedy and bring a brand of humor that is a great match for the satellite waves.  The new comedy channel will debut later this year.

Jeff Foxworthy is one of the most respected and successful comedians in the country.  He is the largest selling comedy-recording artist in history, a multiple Grammy Award nominee and best-selling author of more than 26 books. He was recently inducted into the Georgia Music Hall of Fame for his accomplishments.  Jeff will once again be hosting the FOX television game show Are You Smarter Than A 5th Grader, set to premiere in 2015.

Larry the Cable Guy is a multiplatinum recording artist, Grammy nominee, Billboard award winner and one of the top comedians in the country.  His television shows, comedy and variety specials have all been ratings successes, and he has appeared in many successful films, including as the voice of the beloved Mater in the Golden Globe Award-winning animated feature film, “Cars.”

The new channel from Jeff Foxworthy and Larry the Cable Guy joins a robust comedy lineup on SiriusXM featuring Comedy Central Radio, Jamie Foxx’s The Foxxhole channel, Carlin’s Corner, Laugh USA, and Raw Dog Comedy Hits and more.

SiriusXM teaming up with the duo is a natural solution that could well benefit both parties in this equation.  Foxworth and Larry The Cable Guy get to continue to expand their brand and awareness, while SiriusXM gets to capitalize on that same brand and awareness.  The biggest winner may well be satellite radio subscribers that receive unparallelled content that is simply not available elsewhere.

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SiriusXM Prices Offering For $1 Billion In Senior Notes http://siriusbuzz.com/siriusxm-prices-offering-for-1-billion-in-senior-notes.php http://siriusbuzz.com/siriusxm-prices-offering-for-1-billion-in-senior-notes.php#comments Fri, 06 Mar 2015 18:32:37 +0000 http://siriusbuzz.com/?p=21008 → Read More]]> money-dollar-signSiriusXM initially announced an offering of $750 million in senior notes to be due in 2025.  Within hours, the number grew to $1 billion in senior notes at an impressive 5.375% that would come due in 2025.  It could be that the appetite for these notes was such that the company saw the ability to raise the stakes a bit.

SiriusXM has been very good about debt over the last few years, and has been adept at maintaining a good debt to EBITDA ratio.  The company has massive revenues, and frankly, borrowing money at a bit over 5% is likely a very wise move.  SiriusXM has used such debt offerings to pay down higher debt and to buy back shares.  Last year the company spent $2.5 billion to buy back 739,000,000 shares.

SiriusXM currently carries about $4.5 billion in debt with most notes being due after 2020.  The company has carried a very disciplined approach to its debt as well as its share buyback program.  Some investors do not like the idea of debt, but smart debt can give a company like SiriusXM a great deal of operating latitude at a very reasonable cost.

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SiriusXM Sues To Protect Consumers http://siriusbuzz.com/siriusxm-sues-to-protect-consumers.php http://siriusbuzz.com/siriusxm-sues-to-protect-consumers.php#comments Fri, 06 Mar 2015 18:07:53 +0000 http://siriusbuzz.com/?p=21006 → Read More]]> new-gavelIn an interesting development, SiriusXM has sued “John Doe” in an effort to protect consumers from what appears to be a fraudulent scheme by a party that uses a similar phone number to that of SiriusXM’s customer service department to get consumer information, and take advantage of unsuspecting consumers.

SiriusXM’s customer service line is 888-539-7474

The John Doe number is 800-539-7474

SiriusXM alleges that consumers that dial the John Doe number are being asked for personal information, being promised gift cards, and other services.  Consumers mistakenly think that it is SiriusXM doing these spamming techniques, and the hard sell of the call leaves a bad taste in the mouths of consumers and degrades the reputation of SiriusXM.

Indeed, I called the number myself and was promised a $100 Wal-Mart gift card.  I asked, “Is this SiriusXM?”  I was told that I was selected for the “rewards department” and that once finished there I would be “transferred back over”

The essence of the suit is that John Doe is using a mis-dialed number to give the consumer the impression that they are speaking to SiriusXM when in fact they are not.  SiriusXM is seeking damages in excess of $50,000.

Wanna have some fun?  Give this “John Doe” company a call and pull their chain a bit.  See if they admit that they are not SiriusXM’s customer service.

While SiriusXM has had its challenges as it relates to customer service, this experience is an unfair practice by an unnamed party that hurts both SiriusXM and consumers!

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February Auto Sales At 1.25 million http://siriusbuzz.com/february-auto-sales-at-1-25-million.php http://siriusbuzz.com/february-auto-sales-at-1-25-million.php#comments Wed, 04 Mar 2015 16:24:56 +0000 http://siriusbuzz.com/?p=21001 → Read More]]> Auto sales in February were up over January, and up over what was seen last year, but overall there was disappointment in the air.  With record snow fall in many parts of the country,  auto sales were bound to be impacted.  Overall, auto sales were a bit above 1.25 million and had a SAAR of 16.2 million.  Analysts were looking for a SAAR of 16.7 million.

For SiriusXM, the numbers that were delivered were still decent news.  The satellite radio provider garners most of its subscribers from the trials offered to consumers when a new car is purchased.  About half of the cars sold last month are not counted as subscribers even within the promotional period.  The other half are counted as subscribers either when the car is manufactured or when the car is sold.

Analysts are anticipating that new car sales in 2015 could be as high as 17 million.  Last year sales were just below 16.5 million.  The growth is slowing a bit and the peak will happen either here in 2015 or in 2016.  Currently sales are at about 2.4 million in 2015.  In 2014, the first two months were at about 2.2 million.  Essentially, sales are about 200,000 ahead of last years pace, or about 9% better.

3-4 auto sales

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SiriusXM Beats The Street – Stock Hits 52 Week High http://siriusbuzz.com/siriusxm-beats-the-street-stock-hits-52-week-high.php http://siriusbuzz.com/siriusxm-beats-the-street-stock-hits-52-week-high.php#comments Thu, 05 Feb 2015 23:17:23 +0000 http://siriusbuzz.com/?p=20950 → Read More]]> support3SiriusXM announced its quarterly earnings today and the company did not disappoint.  Though it was already disclosed that the company had met or exceeded all guidance, the big news was that instead of posting the expected earnings of 2 cents per share, SiriusXM hit 3 cents per share.  Highlights included:

  • 2014 Revenue Climbs 10% to $4.18 Billion
  • Net Income Increases 31% to $493 Million in 2014
  • Record Adjusted EBITDA of $1.47 Billion in 2014, up 26%
  • 2014 Free Cash Flow Reaches Record $1.16 Billion, up 25%
  • $2.5 Billion of Stock Repurchased in 2014

SiriusXM’s quarter included record revenue of $1.09 billion and $4.18 billion for the fourth quarter and full-year, respectively.  Net income was $143 million Q4 and $493 million for the full-year.  This beat the previous year by a healthy margin. Net income per diluted common share was $0.03 and $0.08, respectively, in the fourth quarter and full-year 2014, versus $0.01 and $0.06 in the fourth quarter and full-year 2013.   SiriusXM’s Adjusted EBITDA was $381 million and $1.47 billion, respectively.

SiriusXM’s 2015 guidanjce is as follows:

  • Net subscriber additions of approximately 1.2 million,
  • Revenue of approximately $4.4 billion,
  • Adjusted EBITDA of approximately $1.6 billion, and
  • Free cash flow of approximately $1.25 billion.

The company now has 5,643,849,000 fully diluted shares as share buyback’s in 2014 continued.  The company bought back 739 million shares during the year and is committed to repurchasing another $1.7 billion worth of stock.  Overall, in the last 2 years, the company has retired approximately 1.3 billion shares.  SiriusXM has a healthy cash position of $147.7 million.

SiriusXM also reported stable churn of 1.8%, and improvement over the 1.9% we saw last year.  The company reported an Average Revenue Per user of $12.49 and a subscriber acquisition cost of $33 per share.  The customer service and billing expenses per average subscriber were $1.07, a slight uptick.

An item of concern in the quarterly report was the decline in the companies ability to convert trial subscribers to self-paying subscribers.  The conversion rate is now down to 40%.  This is the lowest conversion rate that I have seen.  the number is less of a concern when car sales are growing, but should be monitored by investors.  the conversion speaks to price elasticity and the “stickiness” of the product.

Last year at this time SiriusXM investors were in the throws of debate about a buyout offfer from Liberty media.  Ultimately Liberty pulled its offer off of the table.  ironically, the stock buyout was at about the $3.69 level we are currently seeing as a 52 week high.  Thus far, 2015 has not delivered any excitement on the Liberty media front, but has seen very positive auto sales.

From a technical standpoint, the new 52 week high sets up a bullish stance for SiriusXM.  In fact, the bullishness is such that a small run could be in the making.  Positive news going forward could stoke the fires.  The channel that SiriusXM has traded in all year is, for the moment, broken.  If SiriusXm can work through $3.75, there is a distinct possability of testing the $3.80’s.  For the first time in months the technicals are showing decent strength across the board.  stay Tuned!

 

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Matthew Harrigan Cautious On SiriusXM Earnings http://siriusbuzz.com/matthew-harrigan-cautious-on-siriusxm-earnings.php http://siriusbuzz.com/matthew-harrigan-cautious-on-siriusxm-earnings.php#comments Wed, 04 Feb 2015 16:31:01 +0000 http://siriusbuzz.com/?p=20948 → Read More]]> quarterly resultsAs conference call day inches closer, analysts are beginning to weigh in on the prospects of the Q4 earnings report from SiriusXM.  Wunderlich’s Matthew Harrigan is maintaining a Hold rating and a $3.50 price target.  While some investors may not like this rating, it is a prudent move on Harrigan’s part.  Many analysts wait until after the call to make bolder moves in models and assumptions.  Harrigan is looking for:

  • Revenue of $1.079 billion vs. street average of $1.8 billion
  • Operating income of $356.3 million
  • Operating margin of 33%
  • Free Cash Flow of $324 million

Harrigan sees some exposure to competition.  Manufacturers are seeking to expand on the “connected car” concept, and while that does not exclude SiriusXM, it does bring other players into the dashboard.  A key aspect of this for SiriusXM is locking up exclusivity where it can, and being as relevant as possible in other technology areas such as traffic, weather, navigation, etc.

Matthew Harrigan has traditionally been pretty accurate in assessing this space.  In my opinion the call will be well received tomorrow, but there will not be any earth shattering revelations that drive the stock price.  Auto sales in January were robust, so the start to the year has potential.  Stay Tuned!

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SiriusXM and PGA Extend Relationship http://siriusbuzz.com/siriusxm-and-pga-extend-relationship.php http://siriusbuzz.com/siriusxm-and-pga-extend-relationship.php#comments Wed, 04 Feb 2015 16:06:14 +0000 http://siriusbuzz.com/?p=20946 → Read More]]> pgaSiriusXM and the PGA have announced an extension to their contract which will give golf fans nation wide coverage through 2017.  The PGA has been a satellite radio staple for years, and though Tiger Woods is not the golfer he used to be, the sport still has plenty of passionate fans.  SiriusXM listeners have access to approximately 24 hours of live golf coverage each week, including hole-by-hole action and expert analysis on the only radio channel dedicated to professional golf.

“We are extremely pleased to continue our relationship with SiriusXM and bring comprehensive coverage and analysis throughout the PGA TOUR season,” said PGA TOUR Commissioner Tim Finchem. “SiriusXM PGA TOUR Radio has proven to be a tremendous asset to the TOUR by providing a means to follow the competition live when you’re traveling or otherwise away from the TV.”

“PGA TOUR coverage is an important piece of our sports programming lineup and we’re excited to continue our work with the TOUR to deliver our subscribers in-depth, high level broadcasts throughout the season,” said Scott Greenstein, SiriusXM’s President and Chief Content Officer.  “With on-course play-by-play each day of tournament play and commentary from some of the best voices on the air, this coverage truly brings listeners inside the ropes at these events, no matter where they happen to be listening from.”

Launched in June 2005, SiriusXM PGA TOUR Radio features a variety of broadcasters working on comprehensive play-by-play coverage, including former TOUR winners Mark Carnevale, Bill Kratzert, Mark McCumber, Dennis Paulson, Paul Stankowski and Phil Tataurangi.  Earl Forcey will once again anchor the coverage most weeks, with Fred Albers, Doug Bell, Will Haskett, Mark Immelman, Bill Rosinski and Tom Werme among those returning to provide exclusive play-by-play coverage and player interviews from inside the ropes.

The ability of SiriusXM to continue to wrap up content such as this demonstrates that satellite radio continues to be a main distribution channel for content.  In this digital age, one might think that organizations would explore more diverse opportunities.  As yet, this has not happened.  Each contract extension helps to further cement SiriusXM as an entertainment mainstay.

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January 2015 Auto Sales Start Off As Expected http://siriusbuzz.com/january-2015-auto-sales-start-off-as-expected.php http://siriusbuzz.com/january-2015-auto-sales-start-off-as-expected.php#comments Wed, 04 Feb 2015 01:17:58 +0000 http://siriusbuzz.com/?p=20943 → Read More]]> ford-edge_sport_2011_1024x768_wallpaper_01Analysts were expecting auto sales to have a SAAR of 16.6 millon and that is pretty much what we saw.  Overall sales for January of 2015 were 1,147,250.  This was a nice boost over the 1.09 million we saw 2014 start off with.  With a good start in January, we can anticipate that sales could climb as high as 17 million this year.

For SiriusXM, increasing car sales is always a good sign.  The satellite radio provider garners most of its subscribers and exposure from people buying new cars that are equipped with satellite radio.  About two thirds of all new cars incorporate satellite radio technology.

SiriusXM gets three distinct groups of subscribers from new car sales.  One group are manufacturers that pay during manufacture and thus these cars are counted as subscribers as they roll off of the assembly line.  A second group are cars whose manufacturers pay for a trial subscription when the consumer buys a car.  these paid trials are counted as subscribers.  the last group are cars where there is no payment made for the trial period.  These cars are not counted as subscribers during the trial period.

In January of 2015 we saw 38% of the cars sold from the manufacture group, 13% from the time of sale group, and 49% from the group where trial subscriptions are not counted.

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The sales leader for January was GM, followed by Ford, Toyota, and Chrysler.  All of these manufacturers offer trials and install a high number of satellite radios.  As we move into February, we should anticipate higher sales.  last year February sales were nearly 1.2 million.  It is possible that we see well over 1.3 million cars sold next month.  this could mean that Q1 could see some impressive revenue numbers.  Stay Tuned!

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SiriusXM Super Bowl Coverage http://siriusbuzz.com/siriusxm-super-bowl-coverage.php http://siriusbuzz.com/siriusxm-super-bowl-coverage.php#comments Fri, 30 Jan 2015 14:16:46 +0000 http://siriusbuzz.com/?p=20925 → Read More]]>

1-30 super bowlSiriusXM, the Official Satellite Radio Partner of the NFL, has a long standing traditiuon of fantastic Super Bowl coverage.  The company offers up Super Bowl content from just about any language or perspective you can imagine.  On Sunday, February 1 (6:00 pm ET), SiriusXM will offer live coverage of Super Bowl XLIX from University of Phoenix Stadium in Glendale, AZ.

The various broadcasts are as follows:

  • New England Patriots team broadcast – Sirius 85 / XM 85 / Online 818
  • Seattle Seahawks team broadcast – Sirius 93 / XM 225 / Online 826
  • National radio broadcast – Sirius 88 / XM 88 / Online 88
  • Spanish language broadcast – Sirius 157 / XM 232 / Online 966
  • Hungarian broadcast – Sirius 136 / XM 231 / Online 965
  • Japanese broadcast – Sirius 138 / XM 227 / Online 961
  • French broadcast – Sirius 132 / XM 226 / Online 960
  • Portuguese broadcast – Sirius 134 / XM 230 / Online 964
  • Chinese broadcast – Sirius 135 / XM 229 / Online 963
  • German broadcast – Sirius 92 / XM 228 / Online 962

If you love the halftime show, you can that as well!  During the Pepsi Super Bowl XLIX Halftime Show, SiriusXM will offer listeners a broadcast of the on-field musical performance by Katy Perry with special guest performer Lenny Kravitz on SiriusXM Hits 1.

SiriusXM NFL Radio (channel 88) will broadcast live every day from the NFL’s Radio Row in downtown Phoenix, offering listeners the latest news and expert analysis, plus dozens of interviews with players, coaches, league executives and celebrities in town for the event.  SiriusXM NFL Radio features an unparalleled roster of hosts in town for the event that includes Gil Brandt, Tim Brown,Rich Gannon, Pat Kirwan, Jim Miller, Ross Tucker, Carl Banks, Takeo Spikes, Bob Papa, Alex Marvez, Bruce Murray, Howard Balzer and others.

In addition to SiriusXM NFL Radio’s coverage, subscribers will get special programming from SiriusXM’s other sports, entertainment and music channels throughout the weekend.  Go ahead, explore the dial.  This Super Bowl is anticipated to be the most watched television event in history, so it is highly likely the game will be talked about and discussed on many Sirius XM channels!  Stay Tuned!

 

 

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