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Thread: Sirius Weekly Thread 12-7-09

  1. #11
    Sirius Roadkill is offline
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    SiriusXM Faces Antitrust Lawsuit

    By Chad Bray
    Of DOW JONES NEWSWIRES
    NEW YORK (Dow Jones)--A subscriber filed an antitrust lawsuit against Sirius XM Radio Inc. (SIRI) on Monday, alleging the merger of Sirius and XM last year created an abusive monopoly that has raised prices "above competitive levels."

    The lawsuit, filed in U.S. District Court in Manhattan on Monday, alleges the combined company has raised its prices and failed to increase consumer program choices despite its commitments to regulators before the merger was approved.

    "The company's illegal and deceptive conduct has harmed competition and injured customers in the (satellite digital audio radio service) market in the United States," the complaint said.

    The lawsuit claims Sirius XM committed to the Federal Communications Commission not to raise prices of its basic package for 36 months after the merger was completed.

    Instead, Sirius XM has used its monopoly power to raise fees not governed by the FCC's order, such as the fee for multi-radio subscribers, according to the complaint. The lawsuit claims a multi-radio subscriber with one additional radio has seen their subscription fees increase by 40% since the merger.

    The complaint, which is seeking class-action status, was filed on behalf of Carl Blessing, a Florida resident and Sirius XM subscriber, by law firms Grant & Eisenhofer PA in New York and Cook, Hall & Lampros LLP in Atlanta.

    The lawsuit claims Sirius XM violated federal antitrust laws and state consumer protection statutes.

    A Sirius XM spokesman didn't immediately return a phone call seeking comment late Monday.

    -By Chad Bray, Dow Jones Newswires; 212-227-2017; chad.bray@dowjones.com

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  3. #13
    Sirius Roadkill is offline
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    Frear at ubs

    Tried to upload Sat capex chart . . . sorry guys . . . file size too big . . . here's the link to the whole slide show:

    http://cc.talkpoint.com/ubsx001/1207...39_RTHNOTF.pdf

    TAKE NOTE WHAT IS UNDERLINED ON PAGE 28!


    p.s. If you are reading this thread you better be reading this link in its entirety; no skimming! There will be a quiz later . . .
    Last edited by Sirius Roadkill; 12-08-2009 at 10:28 AM.

  4. #14
    Hopeful is offline
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    Hey Roadkill,

    Thanks for trying to keep this place alive! Maybe you should be the new radio star !!!

    SiriusBuzz Radio is back, hosted by Sirius Roadkill himself!!!

  5. #15
    bassmaster is offline
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    sounds like a great show. now if only you can make it happen!!!!

  6. #16
    Sirius Roadkill is offline
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    slumming today Irish??

    what's IBD?

    is that irritable bowel disorder?

    note to moderator: watch out for irish putting up copyrighted material!

  7. #17
    Hopeful is offline
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    Interesting Worldspace commercial. XM is Mentioned.


  8. #18
    Sirius Roadkill is offline
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    file this under "thought you should know"

    useless fact # 333 . . . according to Denver Post:

    Liberty does well on Sirius radio debt.
    Posted: 12/08/2009 9:38 PM
    More Business >>
    << Prev | Next >>
    Liberty Media's investment in Sirius XM Radio's debt has returned about $175 million, chief executive Greg Maffei said.

    Liberty made about $75 million on Sirius XM's senior debt and about $100 million on the satellite-radio company's junior debt, Maffei said Tuesday at the UBS Global Media and Communications Conference in New York.

    The Douglas County-based company loaned $530 million to Sirius XM in February to help prevent the broadcaster from filing for bankruptcy protection.

  9. #19
    candleman is offline
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    Quote Originally Posted by Sirius Roadkill View Post
    useless fact # 333 . . . according to Denver Post:

    Liberty does well on Sirius radio debt.
    Posted: 12/08/2009 9:38 PM
    More Business >>
    << Prev | Next >>
    Liberty Media's investment in Sirius XM Radio's debt has returned about $175 million, chief executive Greg Maffei said.

    Liberty made about $75 million on Sirius XM's senior debt and about $100 million on the satellite-radio company's junior debt, Maffei said Tuesday at the UBS Global Media and Communications Conference in New York.

    The Douglas County-based company loaned $530 million to Sirius XM in February to help prevent the broadcaster from filing for bankruptcy protection.
    That is a damned good return on their investment!

  10. #20
    Sirius Roadkill is offline
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    Quote Originally Posted by candleman View Post
    That is a damned good return on their investment!
    plus add-in the 40% ownership stake if you really wanna get sick . . . all because of the Feb Converts

  11. Ad Fairy Senior Member
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