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  1. Demian is offline
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    12-30-2008, 02:59 PM #21
    Form 8-K for SIRIUS XM RADIO INC.

    30-Dec-2008

    Other Events


    Item 8.01. Other Events.
    In connection with a Form S-3 registration statement that Sirius XM Radio Inc. (the "Company") intends to file today, the Company is providing unaudited pro forma condensed combined statements of operations and accompanying notes for the nine months ended September 30, 2008 and for the fiscal year ended December 31, 2007 relating to its merger with XM Satellite Radio Holdings Inc. ("XM"). This pro forma financial information is attached as Exhibit 99.1 to this report and incorporated by reference herein.

    In accordance with Rule 11-02(c)(1) of Regulation S-X of the Securities Exchange Act of 1934, as amended, a pro forma balance sheet has not been prepared to give effect to the merger with XM as of September 30, 2008, as it is reflected in the consolidated balance sheet presented in the quarterly report filed on Form 10-Q for the period ended September 30, 2008.

    -----------------------------------------------------------------------------------

    The full 8k is posted on the Sirius website in the investor relations area.....

    http://investor.sirius.com/sec.cfm
    Last edited by Demian; 12-30-2008 at 03:07 PM.

  2. Demian is offline
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    12-30-2008, 03:11 PM #22
    What a nutcase.....

    http://www.radioworld.com/article/72130


    We Should Buy Sirius XM Radio
    by Dave Wilson, 12.30.2008


    Beginning in this issue, Dave Wilson's commentaries will be a recurring feature in Radio World, appearing several times a year.

    Wilson is the owner of WHDX(FM) and WHDZ(FM) on Hatteras Island, N.C. He is also senior director, technology & standards at the Consumer Electronics Association. His views are his own and do not necessarily represent the views of CEA or its member companies.

    According to Yahoo Finance, Sirius XM's enterprise value at this writing is less than $4 billion. This means free local radio broadcasters might be able to buy all of the stock of Sirius XM, buy out those with minority ownership interests, and pay off Sirius XM's debt for about $4 billion.

    If $4 billion sounds like a lot of money to you well, you're right. But consider this: In 2008 the FCC collectively charged free local radio $22,439,275 in regulatory fees to fund all of the wonderful things it did for us.

    Dividing $4 billion by $22.44 million yields a ratio of 178. So, if you want to know how much it would cost a station to participate in a local radio buyout of Sirius XM, simply take that station's 2008 regulatory fee and multiply it by 178. For a small-market Class A FM station it would be $106,800. For the highest-powered FM in the largest market it would be $1.8 million.

    I'm not suggesting we all start buying stock individually and hope to achieve our goal, I'm suggesting we get together and collectively form a corporation, commit the funds, then make an offer to the Sirius XM board of directors.

    Attributable

    The economy is weak, auto sales are down and Sirius XM's stock price is well off its highs. The time to buy is 2009, while Sirius XM is on sale.

    You may think I'm a nutcase, for the government would never approve the sort of transaction I'm proposing.

    I think it can be convinced, so please hear me out.

    First of all, I think we could design an ownership structure that would not raise any concerns under the FCC's rules regarding ownership of multiple broadcast licenses. The key is "attributable interest," which the FCC defines as 5 percent or more. Thus, there should be no regulatory concerns about any particular AM or FM licensee owning any amount of Sirius XM stock up to 4.99 percent.

    Let's do the math.

    The stations that would have the largest ownership stake in our corporation would be FM Class B, C, C0, C1 and C2 stations serving populations greater than 3 million people. Each of these stations would have an ownership stake equal to their $10,200 regulatory fee divided by the $22,439,275 in total regulatory fees for free local radio. This comes to roughly 45 hundredths of a percent, and it means that a single licensee could own up to 109 high-powered FM stations serving populations of 3 million or more and still have a small enough ownership stake in our corporation to not have an "attributable interest" in the satellite license.

    Obviously there are many different combinations of stations that a single owner can own, but this example of 109 high-powered FM signals in major markets gives you an idea of the sort of numbers that could work.

    While very large operators like Clear Channel and Cumulus might have to scale back some of their holdings for this to work, the vast majority of owners would not have to make any changes to their holdings.

    Despite our corporate structure that avoids attributable interests, people might still raise other concerns, so let's address the most likely ones.

    Making the case

    First, the Sirius XM merger set a precedent regarding the scope of the market in which we compete. I think we could easily make the case that even if we owned Sirius XM we would still face tough competition for local advertising revenue from the likes of AT&T, Sprint, Verizon, Google and Yahoo, not to mention the plethora of old-school competitors out there like free local TV, cable TV and newspapers. So there is really no legitimate argument that we could control too much of the market.

    The second most likely concern I can imagine hearing is that there would be too few radio "voices" in each of our markets if free local radio controlled Sirius XM.

    I think the answer to this is simple. We should model the business of the satellite operation after that of a cable company, except that we should forgo subscription revenue in favor of the advertiser-based model that has proven very successful not only for radio but for TV, Internet search, etc.

    The key component of the cable industry business model that's important for us to emphasize when seeking government approval is that cable companies, themselves, are generally not "voices" in their communities except to a very limited extent. The vast majority of programming carried by a cable company is produced by other "voices."

    If we commit to lease a portion of the satellite radio channels in a non-discriminatory manner to others who want to program them, we would have a strong case for there being a sufficient number of different voices. I can imagine an auction system that would let potential lessees bid on annual leases to program these channels.

    It's also worth repeating that the plan I'm proposing would have us providing satellite radio for free, instead of on a pay-to-listen basis. What a great selling point and promotional opportunity, free local radio expanding satellite radio's reach from the privileged few to the masses.

    Think big

    The real beauty of bringing free local radio and satellite radio together would be the increased value it would bring to consumers, and thus to us as licensees.

    Imagine this — our satellite company uses 100 satellite channels to broadcast radio programming nationwide. National spots are sold by our satellite company and we all share in the profits. Local spots would be sold by each of us in our local markets.

    And, because we would already be serving consumers' radio programming needs with 100 channels of music, talk and information, plus let's say 50 channels leased to other "voices," and another 50 channels allocated for things like sporting events and concerts, we really don't need to carry real-time audio programming on our local signals. Our local signals could be all-digital and used to send advertisements and all sorts of other non-real time content to receivers 24 hours a day, seven days a week.

    This non-real time content could be used for many different applications. For example, it could be stored in the receiver and automatically inserted into the appropriate satellite program(s) just like local spots are inserted into national programming now, except that it would be done in the receiver instead of at the broadcast studio.

    This would be beneficial to everyone because it would mean there could be multiple spots available for any given time slot, allowing news, traffic and weather reports, and commercials, to be targeted to specific listeners of a specific channel if listeners program some demographic information into their receivers. Listeners would get a more personalized and therefore more enjoyable experience, and advertisers would be able to more effectively target specific demographics, making their ads more effective. More effective ads are more valuable, which would be the benefit for broadcasters.

    While at first the idea of buying out Sirius XM may sound crazy to many, so did the concept of merging both satellite companies two years ago. The times are changing and we need to change with them. Let's get moving.

  3. Keysmark is offline
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    12-30-2008, 03:20 PM #23
    OK, so I read the 8-K.

    Now, can somebody explain what it says? It it positive, negative, meet expectation, better or worse than expected.

    I am an "unsophisticated investor" and do not understand what I read.

  4. Demian is offline
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    12-30-2008, 03:24 PM #24
    Keysmark,

    At first glance I see nothing new.....looks like just standard paperwork crap.

  5. Demian is offline
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    12-30-2008, 03:38 PM #25
    This is what I'm wondering about......

    DJ Sirius XM Says It Will File Registration Statement With SEC

    . Ê DOW JONES NEWSWIRES
    Ê Satellite radio provider Sirius XM Radio (SIRI) said Tuesday that it intends to file a registration statement with the Securities and Exchange Commission. Ê In an SEC filing, New York-based Sirius XM said that it plans to make the filing on Form S-3, which is used to register offerings of stock or other securities. The disclosure didn't detail the contents of the planned registration, and a company official wasn't immediately available for comment. Ê -Tony Cooke, Dow Jones Newswires; 202-862-1347; tony.cooke@dowjones.com

    Ê (END) Dow Jones NewswiresÊ December 30, 2008 14:13 ET (19:13 GMT)Ê Copyright (c) 2008 Dow Jones & Company, Inc.- - 02 13 PM EST 12-30-08

  6. stang3O2 is offline
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    12-30-2008, 03:42 PM #26
    It sounds like they will be issuing shares for debt to me

  7. Demian is offline
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    12-30-2008, 03:46 PM #27
    Quote Originally Posted by stang3O2 View Post
    It sounds like they will be issuing shares for debt to me
    Not necessarily, it could be employee stock compensation reporting...

  8. stang3O2 is offline
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    12-30-2008, 04:02 PM #28
    Audiovox to Expand its Satellite Radio Footprint Through New Hardware and Distribution Agreement with SIRIUS XM Satellite Radio
    PR Newswire
    Posted: 2008-12-30 14:57:00
    Audiovox to become the #1 supplier of aftermarket satellite radio products


    HAUPPAGUE, N.Y., Dec. 30 /PRNewswire-FirstCall/ -- Audiovox Corporation (Nasdaq: VOXX). Audiovox Corporation today announced that it has reached an agreement in principle with SIRIUS XM Satellite Radio (Nasdaq: SIRI), whereby the Company will become the principal supplier of SIRIUS satellite radio products to the North American aftermarket, providing products to the major U.S. retailers. The agreement is subject to the completion of a final distribution agreement under which Audiovox will provide warehousing, distribution, logistics and related services for SIRIUS XM with respect to both SIRIUS and XM products.


    This new agreement is in addition to the existing Master License Agreement that Audiovox has for XM products, which was entered into by Audiovox and XM in 2005.


    Patrick Lavelle, President and CEO of Audiovox stated, "This is yet another major milestone for our Company as it further strengthens our leading position in the satellite radio category. Despite the current economic climate, satellite radio is still growing and we believe it will continue to be a prominent form of consumer entertainment. With this agreement, we expect our satellite radio sales to more than double next year with limited exposure. We look forward to partnering with SIRIUS XM in this next phase of their corporate evolution."


    About Audiovox

    Audiovox (Nasdaq: VOXX) is a recognized leader in the marketing of automotive entertainment, vehicle security and remote start systems, consumer electronics products and consumer electronics accessories. The company is number one in mobile video and places in the top ten of almost every category that it sells. Among the lines marketed by Audiovox are its mobile electronics products including mobile video systems, auto sound systems including satellite radio, vehicle security and remote start systems; consumer electronics products such as MP3 players, digital camcorders, DVRs, clock radios, portable DVD players, portable GPS, flat-panel TVs, extended range two-way radios, multimedia products like digital picture frames and home and portable stereos; consumer electronics accessories such as indoor/outdoor antennas, connectivity products, headphones, speakers, wireless solutions, remote controls, power & surge protectors and media cleaning & storage devices; Energizer-branded products for rechargeable batteries and battery packs for camcorders, cordless phones, digital cameras and DVD players, as well as for power supply systems, automatic voltage regulators and surge protectors. The company markets its products through an extensive distribution network that includes power retailers, 12-volt specialists, mass merchandisers and an OE sales group. The company markets products under the Audiovox, RCA, Jensen, Acoustic Research, Energizer, Advent, Code Alarm, TERK, Prestige and SURFACE brands. For additional information, visit our Web site at www.audiovox.com.



    Safe Harbor Statement

    Except for historical information contained herein, statements made in this release that would constitute forward-looking statements may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statement. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to, risks that may result from changes in the Company's business operations; our ability to keep pace with technological advances; significant competition in the mobile and consumer electronics businesses as well as the wireless business; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; the possibility that the review of our prior filings by the SEC may result in changes to our financial statements; and the possibility that stockholders or regulatory authorities may initiate proceedings against Audiovox and/or our officers and directors as a result of any restatements. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company's Form 10-K for the fiscal year ended February 29, 2008 and Form 10-Q for the fiscal second quarter ended August 31, 2008.



    Audiovox Contact:
    GW Communications
    Glen Wiener, Tel: 212-786-6011
    Email: gwiener@GWCco.com



    SOURCE Audiovox Corporation
    Last edited by stang3O2; 12-30-2008 at 04:07 PM.

  9. demonotaku is offline
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    12-30-2008, 04:06 PM #29
    Quote Originally Posted by Demian View Post
    What's this about?

    *DJ Sirius XM To File Registration Statement With SEC

    . Ê (MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)Ê December 30, 2008 13:48 ET (18:48 GMT)Ê Copyright (c) 2008 Dow Jones & Company, Inc.- - 01 48 PM EST 12-30-08

    from a 8k posted today

    In connection with a Form S-3 registration statement that Sirius XM Radio Inc. (the “Company”) intends to file today, the Company is providing unaudited pro forma condensed combined statements of operations and accompanying notes for the nine months ended September 30, 2008 and for the fiscal year ended December 31, 2007 relating to its merger with XM Satellite Radio Holdings Inc. (“XM”)


    http://investor.sirius.com/secfiling...3125-08-261689

  10. stang3O2 is offline
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    12-30-2008, 04:09 PM #30
    if you dont read the article i just posted read the bold part.

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