also, i firmly believe once we break $1 everything will be behind us and we have a grand ol' time jumping 10 and 20 cents on the wind blowing...
also, i firmly believe once we break $1 everything will be behind us and we have a grand ol' time jumping 10 and 20 cents on the wind blowing...
how's that "AOL" account workin'out for ya pardner?
p.s. sorry jon, cheap shot I know . . just making the point that things do change . . and XM did have near 8mm listeners on their own . . and it was pretty much agreed I believe that Stern was responsible for about 3mm sign-ups
I too am a fan . . have been since 66 WNBC in New York days when "dial-a-date" and "lesbian dating game" were all the rage and Howch was taking on pig virus and calling Don Imus a bigot and messing with Soupy Sales and killing the morning show at WMMR in Phila . . but things do change
People thought they couldn't live without Compuserve or Prodigy or ah . . . AOL . . that's all I'm sayin . . but I respect your feelings and allegiance to the show.
Hope he stays too . . but will not lose sleep if he doesn't.
jonpluc@aol.com, Just so it is clear I am not saying they will not lose any subs. Point is, what he does after and how he gos out will also have an effect. Reguardless there will be some loss just not what you think unless you are thinking 200,000 (people like yourself) is alot if he just retires. I on the other hand dont consider that to be that many considering the money he is paid. So if they keep the channel line up the same just without Stern and can save 25 to 50 million a year it is a savings of at least 1 to 26 million a year, if SIRIXM only loses 200,000 subs because of Stern retiring. If he gos somewhere else then the sub loss would be bigger maybe double or triple.
P.S. Stern and his channels have to be responsible for at least 1.3 million subs for the contract to make basic finacial sense.
Last edited by john; 07-30-2009 at 05:36 PM.
Hi Paul . . . welcome aboard!
Really just speculative conjecture on my part but I am hoping that the net subscriber losses in Q2 will have been less-worse (which of course is the new good) than expected due to growth in other revenue streams . . .
Alternatively . . . might not be a sub story at all but maybe continued expense-side improvement which moves-up EBITDA guidance once again (that is probably where the surprise could come).
Of course there will be some "one-time" expenditures such as debt refinancing and exercise of stock options that will impact the bottom line (and possibly (I throw that in for Irish) a cap-ex charge related to the Sirius Satellite that was just launched on 6-30/7-1 depending which time zone you correlate your expenses to (ha - thanks Homer))
Anyway Paul . . . I'm thinking that a raise to Greenstein at this point would either have to be incredibly bad timing, or, a show of strength based on a better than expected Q . . . I'm taking the counterintutive interpretation and betting that the raise to Greenstein is a bullish indicator.
Lets touch base again on the 6th to see how it turns out . . .
Scott A. Greenstein
President and Chief Content Officer
Sirius XM Radio, Incorporated
New York , NY
Sector: SERVICES / Broadcasting - Radio
Officer since May 2004
49 Years Old
Scott A. Greenstein has served as our President, Chief Content Officer, since May 2004. Prior to May 2004, Mr. Greenstein was Chief Executive Officer of The Greenstein Group, a media and entertainment consulting firm. From 1999 until 2002, he was Chairman of USA Films, a motion picture production, marketing and distribution company. From 1997 until 1999, Mr. Greenstein was Co-President of October Films, a motion picture production, marketing and distribution company. Prior to joining October Films, Mr. Greenstein was Senior Vice President of Motion Pictures, Music, New Media and Publishing at Miramax Films, and held senior positions at Viacom Inc.
Forbes Rankings
Sirius Satellite Radio - 1,961st on the Forbes Global 2000 in 2005
See All Rankings >
Compensation for 2008
Salary $845,834.00
Bonus $0.00
Other Annual Compensation $0.00
Long term incentive plan payouts $0.00
Restricted stock awards $233,853.00
Security underlying options $0.00
All other compensation $6,900.00
Option awards $ $1,903,228.00
Non-equity incentive plan compensation $0.00
Change in pension value and nonqualified deferred compensation earnings $0.00
Total Compensation $2,989,815.00
Options Granted
Grant
Date All other stock awards (# of shares of stocks or units) Number of securities underlying options Exercise
or base
price Percent of total options granted in fiscal year Grant date fair value of stock and option awards See More
01/23/2008 - - $2.87 0% $1,123,873.00
01/23/2008 153,311 - $ - 0% $440,003.00
02/01/2007 - - $3.70 0% $851,280.00
02/01/2007 108,109 - $ - 0% $400,003.00
02/01/2006 61,296 - $ - 0% $350,000.00
08/08/2005 - 1,250,000 $6.60 23.7% $ -
Expiration date 08/08/2015
Value of options potential value 5% $5,188,381.00
Value of options potential value 10% $13,148,375.00
Estimated future payouts under non-equity incentive plan awards (threshold $) $ -
Estimated future payouts under non-equity incentive plan awards (target $) $ -
Estimated future payouts under non-equity incentive plan awards (maximum $) $ -
Estimated future payouts under non-equity incentive plan awards (threshold #) -
Estimated future payouts under non-equity incentive plan awards (target #) -
Estimated future payouts under non-equity incentive plan awards (maximum #) -
Close
05/05/2004 - 2,800,000 $3.14 6.2% $ -
Expiration date 05/05/2014
Value of options potential value 5% $5,529,242.00
Value of options potential value 10% $14,012,184.00
Estimated future payouts under non-equity incentive plan awards (threshold $) $ -
Estimated future payouts under non-equity incentive plan awards (target $) $ -
Estimated future payouts under non-equity incentive plan awards (maximum $) $ -
Estimated future payouts under non-equity incentive plan awards (threshold #) -
Estimated future payouts under non-equity incentive plan awards (target #) -
Estimated future payouts under non-equity incentive plan awards (maximum #) -
Close
Options Exercised
Number of securities underlying options exercisable 1,600,000
Number of securities underlying options unexercisable 2,450,000
Value of unexercised options, currently exercisable $5,696,000.00
Value of unexercised options, currently unexercisable $4,394,500.00
If I was lucky enough to be where you are right now I'd hop in a zodiac and go do some whale-watching in the sound . . . you've got some of the most beautiful natural vistas there . . take a break til 8/6 and go enjoy that cool fresh air
p.s. honeymooned in Victoria circa 1991
FYI
AP reports CASH FOR CLUNKERS program to be suspended! Computer inept...unable to post link!