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Thread: More important info for us all

  1. #1
    asm610 is offline
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    More important info for us all

    This came from the XM 10K filed Friday



    DirecTV Satellite Television Service. We offer music channels as part of certain programming packages on the DirecTV satellite television service. Subscribers to this network are not included in our subscriber count.

    XM Content Through Mobile Phone Carriers. We offer music and comedy channels to mobile phone users through relationships with certain mobile phone carriers. Subscribers to these services are not included in our subscriber count.

    Subscribers to the following services are not included in our subscriber count, unless the applicable service is purchased by the subscriber separately and not as part of a subscription to the XM satellite radio service:

    Internet Radio. We simulcast music channels and select non-music channels over the Internet. We are transitioning XM Online from a service offered for no additional charge as part of our base subscription price to a service that is offered to subscribers for a fee.


    Shows the reason they are so sure of the positives they spoke of in the conference call. Also shows why no more guidance on subs




    Space Systems/Loral is constructing a fifth satellite, XM-5, for use in our system. XM-5 is a Loral FS-1300 model satellite. We have entered into an agreement with Sea Launch to secure a launch for XM-5. We expect to launch XM-5 during late 2009 or early 2010


    Is it possible to re configure this SAT to leverage mobile video capability before launch?






    Programming

    A La Carte Programming: We and SIRIUS committed to offer the a la carte programming options described below to consumers with eligible radios :



    50 channels are available for $6.99 a month. Additional channels can be added for 25 cents each, with premium programming priced at additional cost. However, in no event will a customer subscribing to this a la carte option pay more than $12.95 per month for this programming.




    • 100 channels, including channels from both services, are available on an a la carte basis for $14.99 a month.


    SIRIUS’ a la carte packages allow subscribers to pick, through interactive menus available on the Internet, the specific channels they would like to receive. SIRIUS has introduced these packages, including channels from both services, and a radio capable of receiving them.

    “Best of Both” Programming: SIRIUS and XM offer customers the ability to receive the best of both SIRIUS and XM programming at a monthly cost of $16.99.

    Mostly Music or News, Sports and Talk Programming: SIRIUS and XM offer customers an option of “mostly music” programming or “mostly news, sports and talk” programming at a cost of $9.99 per month.

    Discounted Family-Friendly Programming: SIRIUS and XM offer consumers a “family-friendly” version of existing SIRIUS or XM programming at a cost of $11.95 a month, representing a discount of $1.00 per month. SIRIUS and XM also offer customers a family-friendly version of the “best of both” programming. This programming costs $14.99 per month, representing a discount of $2.00 per month from the cost of the “best of” programming.






    This needs to be shouted from the rooftops everywhere!! The lack of marketing and effective advertising is sickening.




    In addition, SIRIUS and XM have agreed to enter into long-term leases or other agreements to provide to a Qualified Entity or Entities, defined as an entity or entities that are majority-owned by persons who are African American, not of Hispanic origin; Asian or Pacific Islanders; American Indians or Alaskan Natives; or Hispanics, rights to four percent of the full-time audio channels on the SIRIUS platform and on the XM platform. As digital compression technology enables us to broadcast additional full-time audio channels, we will ensure that four percent of full-time audio channels on our platform are reserved for a Qualified Entity or Entities.

    The Qualified Entity or Entities will not be required to make any lease payments for such channels. We will have no editorial control over these channels. We expect the FCC to inform it how it plans to select these Qualified Entities in the future. In February 2009, the FCC commenced a proceeding to determine the method to select these Qualified Entities.



    This whole section makes me sick!






    Downloading Devices

    The Apple iPod ® is a portable digital music player that allows users to download and purchase music through Apple’s iTunes ® Music Store, as well as convert music on compact disc to digital files. Apple has sold over 170 million iPods ® . iPods ® are compatible with certain car stereos and various home speaker systems, and certain automakers have entered into arrangements with manufacturers of portable media players that are expected to enhance this compatibility. Availability of music in the public MP3 audio standard has been growing in recent years with sound files available on the websites of online music retailers, artists and record labels and through numerous file sharing software programs. These MP3 files can be played instantly, burned to a compact disc or stored in various portable players available to consumers. Internet-based audio formats are becoming increasingly competitive as quality improves and costs are reduced.

    Why the iphone app is a big deal.....look at that number! It could be the beginning of some very important developments.
    Last edited by asm610; 03-14-2009 at 10:52 AM.

  2. #2
    asm610 is offline
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    Mel Karmazin

    In November 2004, SIRIUS entered into a five-year agreement with Mel Karmazin to serve as its Chief Executive Officer. Mr. Karmazin receives an annual salary of $1,250,000, and annual bonuses in an amount determined each year by the Compensation Committee of SIRIUS’ board of directors.



    Mel's deal is up later this year. Wonder if that subject is part of the May shareholder meeting?

  3. #3
    homer985 is offline
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    Quote Originally Posted by asm610 View Post
    Is it possible to re configure this SAT to leverage mobile video capability before launch?
    The satellites transponders will be limited to the small portion of the S-Band that Sirius and XM currently occupy. Expanding the capability to the portions of the radio spectrum where DBS is currently allocated would be major change (if at all possible, without effecting the quality of the signal for DARS subs) -- and is currently not shown in the specs that are on file with the FCC.

    The best that Sirius and DTV could do is to lobby the FCC and Congress to change the allocation of their portion of the S-band to allow for DBS operation.


    P.S. - Also in the XM 10-K... there was bad news in it with regards to XM's subs in Q4. A $1 for anyone that figures it out*.







    *Okay, not really a $1, but a big thumbs up!




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  4. #4
    killerkaul is offline
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    Homer................. my money's on one of the 4 battle commanders. Have a great weekend.

  5. #5
    buddylee is offline
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    Looks to me like the XM service lost 1.78 million subs last year.
    Which would mean that the Sirius brand would have had to gain 3.4 million.
    But I could be wrong im an A/C guy not an accountant.

  6. #6
    relmor2003 is offline
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    Quote Originally Posted by homer985 View Post
    The satellites transponders will be limited to the small portion of the S-Band that Sirius and XM currently occupy. Expanding the capability to the portions of the radio spectrum where DBS is currently allocated would be major change (if at all possible, without effecting the quality of the signal for DARS subs) -- and is currently not shown in the specs that are on file with the FCC.

    The best that Sirius and DTV could do is to lobby the FCC and Congress to change the allocation of their portion of the S-band to allow for DBS operation.


    P.S. - Also in the XM 10-K... there was bad news in it with regards to XM's subs in Q4. A $1 for anyone that figures it out*.







    *Okay, not really a $1, but a big thumbs up!




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    I foresaw that happening. Sirius is first in the name, associated with the service now, and offers anything XM has soon, including MLB. I think this is planned Homer, to further realize synergies, they would hope every single XM sub switched to Sirius. Or vice versa. Makes it easier on synergies that way. And maybe you could elaborate futher on this subject, but wouldnt that make there sats easier, or if one sat had a problem on the XM side, it wont matter as much. Plus the XM sats we know now, will probably never be replaced. They will be dual capable sats, period from now on.
    I really think its planned that they dont differentiate the services much anymore in ads, websites etc.... The stronger balance sheet is Sirius, and would prefer to grow that side more. If they keep losing XM subs, maybe that gives them better bargaining power of the XM side of the contracts as well.
    Last edited by relmor2003; 03-14-2009 at 01:01 PM.

  7. #7
    homer985 is offline
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    Quote Originally Posted by buddylee View Post
    Looks to me like the XM service lost 1.78 million subs last year.
    Buddy, XM didn't lose any subs for the "full year".

    In fact, XM had 823K Net additions in 2008, while Sirius had 831K Net additions for the year. Gross additions, XM had 3.9MM and Sirius had 3.7MM, for the "full year".

    The "full year" additions were nearly identical. So that wasn't "the bad news". Close though...



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  8. #8
    cos1000 is offline
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    Quote Originally Posted by homer985 View Post

    P.S. - Also in the XM 10-K... there was bad news in it with regards to XM's subs in Q4. A $1 for anyone that figures it out*.


    *Okay, not really a $1, but a big thumbs up!


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    Homer,

    XM Net subs were Sep 30, 08 : 9.896M and at Dec 31,08 was 9.851M for a net loss of 45K subs. Also they lost a significant portion of the Combined Retail Sub loss going from a loss of 90K as of Sept 30,08 to a loss of 278K as of Dec 31,08 for a net loss in Q4 of 188K..... Their declining Retail accounted for the overal loss of subs, that couldn't be picked up by their gains in OEM subs..... that's my take anyways......

  9. #9
    cos1000 is offline
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    Also XM had a pickup in rental subs of 27K over their negligible loss in this category in Q3. That also could not make up for the retail loss.... and their net at the end of the year was 823.9K, but whose counting 900 subs anyway...LOL

  10. #10
    homer985 is offline
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    Quote Originally Posted by relmor2003 View Post
    The stronger balance sheet is Sirius, and would prefer to grow that side more.
    I beg to differ with this -- at the end of Q4, XM vs. Sirius:

    Cash and cash equivalents.. $206,740.......... $173,706
    Total current assets.......... $464,082.......... $328,924
    Total assets..................... $4,336,785....... $3,153,910

    Total current liabilities........ $1,381,992....... $1,025,344
    Long-term debt................. $1,439,102....... $1,412,638

    Total liabilities................... $4,912,339*....... $2,569,819

    (includes a $1BB liability of defered credit from the merger; and $886MM of deferred tax liability from the merger -- both of which Sirius does not have. The true comparison of like liabilities has Sirius at $2.56BB and XM at $2.99BB.)


    Seems to me that the balance sheets are still quite similiar... and if anything, XM has a billion in more assets. So I disagree with your assesment of whom has a stronger balance sheet.


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