Spanish Language Terrestrial Station Wants To Broadcast On Sirius XM
With the passage of the merger between Sirius and XM came stipulations regarding minority programming. Early in the process Georgetown Partners wanted a piece of the pie, but they have been silent ever since the merger was announced. Another company, AlphaStar, has proposed what appears to be a very viable solution, and because they already have infrastructure, could launch services right away should a deal be struck. Now, a small radio station in Texas is proposing that they would like to broadcast over the Sirius XM system.
KQBO 107.5 FM is a small 12,000 watt terrestrial radio station broadcasting in Rio Grande City Texas. The ownership, Media Ventures Unlimited, is Hispanic, and the programming caters to a Latino audience. In a filing with the FCC, Media ventures stated that they would broadcast their programming 24/7 and are willing to enter into a contract with Sirius XM radio so that operations could begin immediately.
Should Media Ventures be successful in their bid to provide minority programming, their reach would shift from a 50 mile radius to a national footprint. One interesting issue will be that of “local advertising”. Satellite radio can not carry localized advertising, but a station such as KQBO would have ads built into their programs. this could bring such a proposal to it’s knees should the NAB challenge the concept.
Position – Long SIRI
One interesting issue will be that of “local advertising”. Satellite radio can not carry localized advertising, but a station such as KQBO would have ads built into their programs. this could bring such a proposal to it’s knees should the NAB challenge the concept.
sorry, Tyler, you are wrong here. this is not a problem at all. sirius already overlays various commercials on the television channels that they simulcast. when you listen to CNBC on sirius, you get commercials geared toward sirius, not CNBC. they just overlay commercials. this is quite common, and is even used by cable and satellite television stations to overlay local commercials over national commercials. simple matter for sirius to overlay national commercials over all of the radio station’s local channels.
shark, you are correct, but there is a problem with that:
Sirius XM will not have any editorial or content control over the minority or special interest channels broadcast over their system. That was a big part of the FCC wording.
Tyler, I may have to pay a visit to KQBO. They are located about 45 miles from where I live. I’ll let you know if I get a chance.
Would Sirius benefit financially from this proposal?
Commercials? We don’t NEED no STINKING COMMERCIALS! 😛
Friggin, do you work? Please don’t start crying about pps right now. I have your dilemna as well but hate to say I don’t think this is a time to stop avging dn.
Talk about getting sucked in to average down…
DATE SHARES BUY
6/17 500 ” 2.50
7/28 500 ” 2.15
7/28 200 ” 2.03
7/28 300 ” 2.00 .
6/25 500 ” 1.90
7/29 200 ” 1.60
8/01 300 ” 1.50
8/15 500 ” 1.48
8/14 500 ” 1.41
8/18 500 ” 1.40
8/04 500 ” 1.35
8/08 500 ” 1.30
9/04 500 ” 1.29
9/08 500 ” 1.25
9/10 200 ” .96
9/11 900 ” .9093
9/17 475 ” .807
10/07 525 ” .5005
10/09 400 ” .4099
Total 8500 Shares
AND…Still looking to add the final 1500 shares to total 10,ooo @ 30’s and stop. win lose or draw
I surely learned that to be successful in the market you must master 3 things;
Greed…Fear and PATIENCE or it will drive you nuts for sure.
Short Interest declines to its lowest number since the merger…
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
9/30/2008 199,000,884 67,567,166 2.945231
9/15/2008 236,173,485 60,825,069 3.882831
8/29/2008 231,922,321 51,278,943 4.522759
8/15/2008 209,124,306 103,062,578 2.029100
7/31/2008 310,672,182 77,266,333 4.020796
“Satellite radio sales are off for the year as well but over the past few months we have seen an uptick now that the XM/Sirius merger is complete. As I’ve mentioned in past calls, we believe that satellite radio will continue to grow and Audiovox will be a significant supplier of hardware to this market. We don’t expect any near-term post-merger changes in our relationship
Why We Love Wild Penny Stocks
By Tim Hanson and Brian Richards
October 10, 2008
Penny stocks have huge potential — that’s their blessing and their curse.
The potential rewards are enormous. In fact, a few pennies have impressively bucked the bear market trend this month.
Everybody loves pennies
It’s the potential of quick gains in “cheap” stocks that keeps investors coming back.
Tampa, Miami, and Orlando — the locales where the term is most often searched.
Pay attention to the SEC’s entire definition, not just the stock price. Going solely on price would wrongly categorize billion-dollar companies such as Sirius XM Radio (Nasdaq: SIRI), and even Wachovia (NYSE: WB) as penny stocks.
Siriushope, I hear ya. I own 9400 share w an avg over 3. The only good thing is I dumped.8000 shares a couple of days before the merger and bought xm taking adv of the spread. It netted me like 1400 more shares of siri after the merger. Obviously then it got ugly quick.
I averaged down to about 1.25
????? I found this post…does it make sense?
CBS WILL BE BUYING SIRIUSXM AT ANY MOMENT. THIS IS MUCH MORE THAN A GUT FEELING,
ANYONE WITH ANY BRAINS HAS TO UNDERSTAND THAT CBS (TERRESTRIAL RADIO) IS NOT GROWING ANYMORE. LOOK AT THEIR EARNINGS ESTIMATE IT’S DOWN ACROSS THE BOARD AND IT WILL ONLY GET WORSE. IT WOULD ONLY MAKE SENSE FOR CBS TO SIT AT THE TABLE WITH MEL AND MAKE THE DEAL HAPPEN. I TRULY HOPE THAT MEL ENTERTAINS MORE THAN ONE OFFER TO STIMULATE A BIDDING WAR, ULTIMATELY IT WILL BE OWNED, AND OPERATED BY CBS. ADOPTING THE SUBSCRIPTION MODEL AND ADVERTISING MODEL WITH COAST TO COAST COVERAGE WOULD BE PARAMOUNT, THEY WOULD BECOME SATELLITE RADIO LIKE CABLE BECAME OUR TELEVISION. THE LOCAL PROGRAMMING WOULD STAY THE SAME, THEY COULD TAKE RUSH LIMBAUGH NATIONAL TO FETCH 20 MILLION SUBSCRIPTIONS ALONE.
THIS WOULD BE ALLOWED AS IT HAS BEEN PROVEN WITH DOJ AND THE FCC ONCE BEFORE THAT IPOD, INTERNET, AND MP3 PLAYERS ARE COMPETITION. THE BOTTOM LINE IS THE LONGER CBS TAKES TO MAKE THE MOVE THE MORE EXPENSIVE SIRIUSXM MAY BE TO OBTAIN.
After Hours
Last: $ .44
After Hours
High: $ .45
After Hours
Volume: 4,658,346
After Hours
Low: $ .4141
Just before the close we were at .44 then at the close the last trade was 2,634,795 shares at .43…who would know if that was a buy or sell?
just heard on cnbc…
gm and chrysler may merge
They have mentioned that the mo town three might merge in the past and it has never happened. The media needs to learn the difference between reporting the news and creating the news.
SiriusHope I hope that doesn’t happen. Doesn’t CBS own ClearChannel??
don’t know who CBS owns..but its a wild theory about siri/cbs but it would benefit terrestial radio for sure.
General Motors is in preliminary talks about a possible merger with Chrysler, a deal that could drastically remake the landscape of the auto industry by reducing the Big Three of Detroit automakers to the Big Two.
The talks between G.M. and Cerberus Capital Management, the private equity firm that owns Chrysler, began more than a month ago, and the negotiations are not certain to produce a deal. Two people close to the process said the chances of a merger were “50-50” as of Friday
and would most likely still take weeks to work out.
A merger would be a historic event, with two of the most iconic names in American industry coming together to survive in an increasingly difficult environment. Both have roots dating back decades in Detroit and, with Ford, long dominated the auto industry — until Japanese and other foreign car makers began making inroads into the American market.
The auto industry is being pummeled from all sides — by high gas prices that have soured consumers on profitable S.U.V.s, by a softening economy that has scared shoppers away from showrooms, and by tight credit that is making it difficult for willing buyers to obtain loans. Both G.M. and Chrysler have been struggling with product lineups that are out of sync with consumer demand for smaller, more fuel-efficient cars.
General Motors’ stock has fallen from more from more than $42 a share last year to less than $5, and it is burning through its cash hoard at a rapid rate. Chrysler, as a private company, no longer needs to report its finances.
The meetings between General Motors and Cerberus began more than a month ago, said people familiar with the discussions, and the companies have held several talks involving their most senior executives. Given that both G.M. and Chrysler are struggling, the two sides may determine a merger may not be in their best interests.
The exploratory talks have included debates over various calculations of the savings that would result from a merger, these people said, but neither side has yet to dig into each others’ private financial books and records.
At the same time, Cerberus is continuing to hold talks with other automakers including Nissan and Renault, said people familiar with the discussions. It is unclear at what stage those discussions have reached.
Speculation about a possible bankruptcy filing by G.M. has mounted in recent weeks because of the automaker’s dwindling cash reserves. The automaker had $21 billion in cash on hand at the end of the second quarter, but it was burning through more than $1 billion a month.
The credit rating firm Standard & Poor’s put G.M. on negative credit watch on Thursday.
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But G.M. has said it is confident that it can increase its liquidity, and emphasized in a statement released Thursday that it was not considering a bankruptcy filing.
G.M. once commanded about 50 percent of market, but its share so far this year has fallen to 22 percent, according to the research firm Autodata. Chrysler had a market share of about 15 percent before acquisition in 1998 by Daimler, but its share this year has dwindled to 11 percent.
How government and labor react to a potential merger of G.M. and Chrysler is unclear. There could be antitrust questions raised, but political issues could be overshadowed by the precarious financial prospects of both automakers.
If G.M., the nation’s largest automaker, combined operations with Chrysler, the smallest of Detroit’s Big Three, they would create an auto giant that would surpass Japan’s Toyota Motor Company, which recently has been battling G.M. for bragging rights as the world’s largest automaker.
A G.M. spokesman declined to comment on any specific talks with Chrysler. “Without referencing this specific rumor, as we’ve often said G.M. officials routinely discuss issues of mutual interest with other automakers,” said the spokesman, Tony Cervone. There was no immediate comment from Cerberus.
People briefed on the deal said the talks started as an exploration of possible joint venture opportunities between G.M. and Chrysler.
Cerberus acquired an 80.1 percent stake in Chrysler in August 2007 for $7.4 billion from the German automaker Daimler AG.
Under the terms of the deal being discussed, Cerberus would end up owning an unspecified equity stake in G.M.-Chrysler, according to people briefed on the talks.
The ramifications of the merger would be enormous in the global auto industry. G.M. and Chrysler together would control more than 35 percent of the United States vehicle market, and be by far the dominant producer of pickup trucks, sport utility vehicles and minivans.
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It would also marry such iconic American brands as G.M.’s Chevrolet and Cadillac with Chrysler’s Jeep and Dodge divisions.
However, the potential merger carries enormous risks. Both G.M. and Chrysler are struggling mightily in what is the worst market for vehicle sales in the United States in 15 years.
People close to the discussions said that if the prospective deal did not happen, Cerberus would probably look to Nissan and Renault.
But the marriage of G.M. and Chrysler has far more potential than hitching Chrysler to a foreign automaker. While G.M. and Chrysler may be hamstrung by labor contracts from cutting jobs, the two companies could combine dealers, product lines and advanced vehicle technology.
Bill Vlasic reported from Detroit and Andrew Ross Sorkin from New York.
Copyright © 2008 The New York Times
Kent…JUDGE for yourself
Shark…..
Newman hit the point I was going to make. The channels are to be controlled by the minority entity, who in theory, would be responsible for content. The entity is seeking a 24/7 broadcast, and Sirius XM would not really get the benefit from ads on the channels. If anything, it would draw away from ads that Sirius XM have on the subscriber channels. It will be interesting to see how this plays out
Tyler: What this DOES do for Sirius is may possibly draw more subscribers, since a listener will have to have a subscription, even to the minority based channels. It also brings another demographic into the mix. Rio Grande City TX is litterally FEET from Mexico. Even though Sirius XM does not officially broadcast into Mexico, they ALL have family members in the US that they can use an address of.
I said it before and I’ll say it again “IN MEL I TRUST”mel is a very smart man and he will not let us down (or himself for that matter). When he get’s this quite you know something is cooking..Just hang on for a wild ride.
LONG
so you say Sirius does not get anything from the minority channels…what a scam.