“Best Of” Programming Debuts On Sirius XM
Now for the first time, you can add XM channels to your SIRIUS subscription. Add “The Best of XM” on SIRIUS and get Oprah & Friends, Opie & Anthony, NHL and NBA games, the 24/7 NHL Home Ice Channel, The PGA TOUR Network, college sports, and XM Public Radio. The Best Radio on Radio™ just got better.
Oprah & Friends Channel 195 – Oprah Winfrey, Gayle King, Dr. Oz and more help you live your best life on Oprah & Friends.
NBA Channels/College Sports Channels 211-220 – Hear regular season NBA Games, the Playoffs and the Finals. / Games from the top college conferences, including Pac-10, SEC, Big 10, Big 12, Big East and ACC.
NHL Home Ice Channel 208 – NHL Home Ice, the world’s first hockey channel, delivers a high energy mix of information and entertainment. The on-ice leader for fans across North America with up-to-the-second news and analysis.
The PGA Tour Network Channel 209 – All PGA TOUR events, the British Open and more, including golf news, tournament scores, and player highlights.
XM Public Radio Channel 196 – Insightful, entertaining, and provocative Public Radio programming, including award-winning and exclusive shows from Bob Edwards.
The Virius! Channel 197 – Beware…this is radio like you’ve never heard it before. Irreverent, uncensored, so good you won’t want to stop listening. Opie and Anthony in the morning and Ron and Fez in the afternoon. It’s addictive, it’s viral….it’s The VIRUS.
XM Site being updated at press time!
I just don’t see how they could generate the kind of ad revenue it would take to abandon the subscription model. If we can get to and maintain 20+ million subscribers, this will be a money making company. Bottom line costs are shrinking every quarter.
Dave, that’s an excellent point. But 1) I’m not sure if making it FREE automatically makes them answerable to the FCC. You still need to buy a satellite receiver. It’s like a 30 day free subscription. Would that need to be censored, also? And, 2) in a way that’s a good thing. So, for the ad-supported alternative profanities could be beeped out. Enough to keep the free crowds listening, but perhaps also enough to nudge someone over the fence into buying a subscription.
Hey Winagain….glad I made u chuckle. These are tough times indeed…but us Sirius shareholders have been in the shit for years now.
It’s funny, but when we dropped below $2 awhile ago, I was able to let go and for MONTHS was able to resist checking the share price.
But that was before the merger. I just got TIRED of EXPECTING the announcement…so I just let go. Back then I still had hope…no…not hope….I BELIEVED in my gut that it was going to POP…so it was easier to let go.
And for a few months I was at peace. It was just a matter of the BIG ANNOUNCEMENT.
When it finally came, the “ugly” deal and following plunge was such a surprise and shock…I felt physically ill.
Once I recovered from THAT….i managed to muster hopeful feelings again. THE SYNERGIES! THE SYNERGIES!
When good 2nd quarter results came out, and the stock got slammed…I was shaken…but not defeated.
After all, Mel was about to speak at Merrill. YAY!!!
SURELY he was going to lay out the GOLDEN PLAN POST MERGER THAT WAS GOING TO EXCITE EVERYONE!!!
When I listened to the call, I was HORRIFIED when Mel said NOTHING, and actually cut the question period short so ABRUPTLY that I thought I heard the sound of him DROPPING THE FRIGGIN MIC.
I suddenly got that sick feeling again. All you heard from that moment forward was the DEBT. THE DEBT. REFINANCING THE FUCKING DEBT.
No press or commercials from Sirius about the Merger or the upcoming BEST OF OFFERING.
NOTHING.
SILENCE.
All you heard were the bashing of the stock. The downgrades.
We suffered thru Mel’s FORCED silence for 17 months during the merger delay when he was under gag order.
And NOW that he was free…and after the UGLY merger closing….Mel is SILENT????
He cuts the conference call short and we are left in LIMBO all over again.
And at the worst time….in the midst of the worst credit crisis since the Great Depression. Credit we NEED.
And our CEO is SILENT?????
FUCKING RIDICULOUS.
Well they need to do something fast. In the long term this company could be a giant. Short term this is just plain torture.
100% agree. I stated that on seeking alpha and someone came back with, who would be listening?…..ah me cocksucker…dipshit…I waiting in line for years to ride the laser loop and they shut down KennyWood! Mel needs to crawl out from the cave and tell me personally that after 17months, no contingency plans…none? Your a joke!
Winagain, they don’t need to abandon the subscription model is the point. They simply need to also offer the alternative because the ad-supported free alternative has the potential to reach HUNDREDS OF MILLIONS of listeners, something the subscription model will probably never do. Ad-supported revenue may be a drop in the bucket now, but not when then have millions of listeners subjected to 20 minutes of commercials every hour.
I have another question. Why is it that us longs have all these creative ideas that would help the company….and yet Mel seems to have NONE? He SAYS he is passionate about the company…but why isn’t he coming up with these ideas? Why isn’t there not ONE single tv commercial about the merger or Best Of or al la carte radios or Mad Dog yet?????
This is what is so maddening. It’s like the shareholders care MORE than management does! I SWEAR to God if Mel throws us under the bus and declares BK without EVEN TRYING….I am going to drop my Stiletto in a blender and hit “FRAPPE”!!!
ZZZZZT!! ZZZZZZZZTT!!!! ZZZZZZZZZZZZZZTTTT!!!!
I just called about the ‘best of xm’…..I am a lifetime subscriber since 2004. The rep said it will cost a one time fee of $150 to add it to my subscription. Not a bad deal, but what is going on with MLB? MLB is the main XM attraction, just like Howard Stern is for Sirius. Mel is blowing it !!!
How can you time the market !!!! When people say buy low and sell high does not work with this stock. Every time it hit 52 wk low I bought, then it wnet lower. Before the merger, when GS said it would hit 1.75 and it did I sold. Then, on merger went up 2.65 and I thought it will go up, I bought. Then, down in the shit 0.75. I sold, then last week it poped to $ 1, I thought that is it, MEL is coming out, some insider knows something, so I bought.
Now, it is 0.50
With 250 K shares, and $350K loss, how can you tell if I sell now, it won’t get up, and if I hold and goes 10 cents I am 100 K more in blood
Mel Karmazin is way too shrewd to make the service free right now . . . first he will take-out the common shareholders, who would otherwise create a backlash of cancelations, through reorganization or privitization on the cheap and THEN he will make the service free.
Fed bail-out will not move the needle on share price and the Oct 6 announcement should take it below $0.40. The rest will be history as there are no good remaining options from there.
Just one man’s opinion . . .
How do we know that MEL is not serving old god buddies interest and making them millions
If this goes under he would care less, has money and most probably other offers lined up
Mel has plenty of skin in the game. He’s going to do everything he can to make this thing work without a reorganization. I refuse to believe he’s part of some sinister plot to ruin the common shareholder.
Wow….after reading “Amibankrupt’s” rant…I’m NOT GOING TO COMPLAIN ANYMORE!
If I had that much skin in Sirius, I think I’d spontaneously combust!
Then again, it’s all relative, and my stake in Sirius is HUGE to me and just as painful.
Ugh.
Over at Orbitcast they are reporting successful sign ups to the “Best Of” with pictures.
But it’s hard to get excited anymore. Especially since hitting a NEW FIVE YEAR LOW TODAY.
Un-be-fucking-leavable.
For what it’s worth, Paul Blalock called me back from investor relations this afternoon to explain why my factory installed radio won’t work with the “best of” programming. BUT he said that most OEM radios will work and virtually all XM OEMs will work. He said that they’ve had a huge response from XM subscribers.
Um… Yay?
For all you investor/subscribers, as of today you can add the best of XM or Sirius to your accounts. If you were interested in one of these packages you can call and add it today for $4. Better yet, prepay for a year, get a discount and we can pump some funds back into the company that we love so much…well at least I do!!!!
http://www.DearFederalGovernme.....nt.com
Prepay? This company??
I still believe in this company. I knew it was a speculation stock. And I knew from the start, the downside risk was chapter 11. Still, I invested.
I wish I hadn’t. But, still, they are operating well. I just wish I heard more from Mel. His silence, in my mind, justifies this stock’s dismal demise. His silence speaks volumes. In my mind, it says, “Wall St. is right, we are doomed; we are going to be delisted; chapter 11 is coming”.
But I will not sell. Because I’m attached to the company and so buried in the stock, what’s another few cents. Take it for what it is. Just a rant, full of disappointed but I own my mistakes. And I will not sell.
I love it, I am trying to activate my XM radio and this is the error message I am receiving:
We are very sorry, the page that you requested does not exist.
XMRadio.com has been redesigned recently, which required that some pages be moved.
Shitty fuckin company. I am so annoyed with these bastards.
surfed around the two websites and it looks pretty good. Clearly the year of not being able to talk as separate companies hurt the hardware side of things.
Slowly we will see new subscribers creap in with this new addition. A true ala carte when the interop radios come out should be a big sub pop.
Maybe Mel just doesn’t mind if shorts drive the price down to a dime or less. Then he can just start gobbling up shares. Put enough buy limit orders to prevent anyone from taking it to zero.
Guys I am in the same boat as all of you, I hope we don’t go bk and if it takes me years to make my money back i will live with it.
If they go private then what I get I get and if they go BK then let it happen this year and I will be upset, but I can at least move on already.
Anyone live in NYC we should go out for drinks and sulk
Maybe I missed them in the thread, but where are Brandon and Tyler? Looks like the GS slime bucket that called a 50-cent target may be right again. And Citi? WTF? How can there be so much of a spread in analysts’ opinions? Like most above in this thread I am disappointed, to put it mildly, but not discouraged. I treat SIRI as a spec play, long term unless it goes to BK, which by reports is unlikely. I’ve drawn my cash down to go in other directions. Soon as I can more in the kitty guess what? More SIRI. Damn the hedgers, shorts, GS’s, BS’ers, and absolutely lame assed Sirius XM “silence is golden” crap. This stock makes no sense–so who the hell knows where it will land. It tanked to the 30-cent range back in March ’03 (I think) as the all-time low … but the flame did not die. So I am staying in. And friggen … you kill me. I just LMAO at your posts–laughing with you but not at you to avoid frothing at the mouth. Long sorry SIRI.
Friggin,Dave,Chizzle, and to the other Sirius longs.
I am in the same boat with you guys and I will lose a bundle.
Just does not make sense to have 19.5 million subscribers and we are trading at .57
I have been thinking for months now that a plan to take the stock to BK, or so low that a .25 to.50 offer from a Microsoft, Google, etc will seem like someone is saving us from a complete loss has been in the works for sometime.
We all know the company will be doing fine in 2010 and 2011, 2012 and on and on from there.
Are we being sold down the river?
Class action suit? financial attorneys to investagate the merger where we were told this will be great and all of a sudden “Bad Loan” that had to be done in a hurry????
Sirius knew they were buying the company for 17 months and they knew the time for a answer from the FCC was getting close. Mel had to hurry” WTF had he been doing the past 17 months. all of a sudden he was scared of the NAB?
That is like you and I going to buy a car, but after we sign for it, we relize we don’t have any money or loans set up..Give me a break
Just does not make any sense.
I really don’t give a shit at this point, But if Mel tries to BK, merge, sell,reverse split,or any other bullshit we should file a class action suit against the company.
Just let financial class action suit attorneys investigate the whole F—– company.
Starting with Apollo, Goldman Sachs, XM mangement, Sirius mmangement, the merger, the bad loans, shorting, the naked shorting, the stock manipulation,and see what becomes clear.
The only I can say to everybody,
At the current rate of decline in the stock price, it is going to happen soon, look for that savior to come along, or the BK to get rid of the debt and Sirius XM goes back in business the next day…
won’t be long and the suffering will probably be over, the scars will take a while longer
Early July Jim Cramer when it was $2.75 said “this company metrics and numbers are sound, he can not understand why this stock is so cheap, if they merge, it will double overnight” I listened and bought more
Then he said he would buy RIMM, apple, WaMu, Wachovia nad Merrill, I listened and bought more
Where is the F**** is Mr Cramer and who is he pumping up stocke for his friends to dump later
Should FBI investigating him and his show sponsors
I love it, I am trying to activate my XM radio and this is the error message I am receiving:
We are very sorry, the page that you requested does not exist.
XMRadio.com has been redesigned recently, which required that some pages be moved.
Shitty fuckin company. I am so annoyed with these bastards.
I am trying to give them money and they wont even take it! LOL
How could he go BK when he convinced banks and sold $1.50 shares to raise money after the merger. Where those banks idiots to buy in @ 1.50 and loose their money
How would everyone feel if Mel came out and said that he is going to to lend the company around $200 million?
look ar Reaserch in Motion was 140 2wks ago, today is 60
Who are those people ruining the economy, and where is the SEC, FBI and treasury.
If you rob a bank at gun point you are jailed, but if you short a bank to bankrubcy, you are rich guy in the hamptons
What’s Mel’s average? What does he stand to lose, if anything on his shares of the common? I’m at 1.50/share. I could drop my avg to the 1.20 range, maybe lower–but for now I am on hold. Motley Fool today emphasizes a reverse split. The buzz right now goes way beyond this blog. I can just see a big institutional investor swooping up tens of millions of shares at the current SP, then miraculously the SP launches. Somebody will no doubt write a book about this stock’s saga. Right now I don’t know who I despise more, our stinking elected officials at the federal level or the even smellier business and financial players toying with SIRI.
friggen, I need some comic relief. Go for it.
I think the stock is pricing in 500 million shares of 50 cent convertible stock.
Mel said it was not an option, but he may be bent over a barrel here.
SXM,
Interesting theory… But why would Mel be bent over a barrel now? We have until February to figure out what to do with the converts. Seems the best plan would be to hunker down, weather the storm, and then seek financing.
can anyone explain the 20 mil shares dumped on SIRI in the last 10 min of trading?? 2 days in a row now
It’s really disappointing to see everyones frustration but I’m sure nobody has suffered like me. I have averaged down from 6.88 to 2.05 with 118k shares always believing in Mel. All of his past accalades including being called Wall Streets Sweatheart made me sink everything into Sirius. The service is great and everything Howard has touched in the past has turned to gold. How could I have passed up Howard and Mel again? I mean Mel bought clear channel for 17.70 a share and sold it to Viacom for $170.00 a share 5 years later. At these prices nothing but lack of interest is present. Who the fuck gets Serios about a $.57 cent investment? Like I said I wish my investment was as much as everyone else on this board. Thanks Mel, I hope you retire happy.
I sent a nasty gram to Sirius XM investor relations. More should contact IR to express on how INVESTORS are getting treated. My next step is to start hounding the outside board, because the IR people at just PR typesm, IMHO.
Winagain,
with a market cap of 1.8 billion, why would someone lend you 1.1 billion (debt due in 2009) They could almost buy you.
I understand it’s just 300M by Feb, so not sure why stock continues to get murdered down to 50 cent range (will this be bottom ?)
I hope the car sales and difficulty getting loans and just consumer meltdown doesn’t derail Mel’s plan to get term loans, but it almost seems like something is really up.
“are just PR types,”
I am not good at writing an editorial, but someone on this blog who is should send one to the Wall Street Journal to make a case for investigating the SIRI SP cause and effect.
This is a PAINFUL deal for shareholders… Friggen, your funny as hell & I know how you feel. Mel K is screwed if he talks & screwed if he remains silent. If he makes this work he is earning his money…. Still think the credit markets will improve & the Feb hurdle will be met, The cost cutting side of this equation is where the most shareholder benefit can be realized in the short term & I am sure that the management is trying to cut enough to offset weaker sub adds & paint a decent picture with the Q3 earnings call. Best of will help, but a RIF & healthy 1 time restructuring charge will stem the flood of fear & take the priced in dillution factor off our backs. It can work…..
I’ve seen the stock price this low before but I didn’t have $60K with a cost basis of $3 invested in it then. I will ride this SOB out for 5 years, evaluate and hope GM and Ford don’t go bankrupt during that stint. I hate to say this but if a reverse-split is needed in the future to prevent the stock from being delisted I would favor that over taking it to the Pink Sheets or a Chapter 11 filing!
I hope people aren’t having as much trouble as I am trying to activate my radio. Its been 3 hours and I still am not making any progress, the website isn’t working and no one is answering the phone. Its quite vexing.
Sept. 15th, The CEO of Wachovia was on Cramer’s show saying his company was well positioned in this sub-prime mess with only 10 billion in write downs. As it turned out Wachovia had 43 Billion of write downs and they are being bought out! Cramer later defended the SOB saying the CEO didn’t know how much bad debt his company was involved with when he came on his show. Puh-leeze! He is the CEO of Wachovia, gets an outrageous bonus as part of his pay package and is clueless about the state of his company! Where can I get a job offering multimillion dollar bonuses with zero accountability? These crooks deserve to be in prison and Cramer’s show serves as their soap box!!
Where is Tyler and Brandon? I wanna hear “Tyler’s Take” and “Brandon’s Bet” after todays new 5 year low.
I’m half expecting them to change the title of their mini radio shows to:
“Tyler Takes a Shit on Sirius” and “Brandon Bets Against Sirius”.
I can’t believe Sirius has dropped 70% just this quarter ALONE. It seems like the rate of our downward spiral is increasing rapidly. And it kinda makes sense considering that Mel only has 4 months left to secure a refinancing deal. Things ain’t looking good my friends. And as a Long suffering Sirius long…it brings me no pleasure saying so.
But how…after all we’ve been thru…can we continue to carry the torch of hope knowing what we know? And having experienced what we’ve gone thru again and again with this stock?
Mel like it or not, is our “leader” and he has grown as silent as Dick Cheney. Sirius seems like a ship without a captain right now.
It was hard enough dealing with not being able to fight back during the 17 month merger delay. But at least then Mel had an EXCUSE. He wasn’t ALLOWED to talk. His hands were TIED.
But NOW? Now he is totally free to LEAD….to rally the troupes and FIGHT the naysayers. And yet…he has curled up tighter than a tick on a baboons butt.
Wheres the fight? Wheres the spunk? He is throwing us and the stock to the wolves.
The “Best Of” launches in a week and WHERE IS HE??? WHERE are the tv commercials and promotions????
ARGH!!!!
If Mel is planning to pull the plug I wish he would just DO IT already. What kind of SICK TWISTED FUCK gets his jollies this way? Is Mel THAT evil???
Has ANYONE heard from Mel? Or know where he is? Maybe he was kidnapped by some psychopath like the one in the movie “SAW”….and is currently chained up to a pipe in some deserted factory bathroom. Come on Mel!!!! Saw thru your ankle and hop out of there! Your shareholders are getting pissed off!
I figured I’d ride this to the dirt… but I feel trigger happy.
Hey friggin–
Sirius should hire you to write their press releases. At least there would be a little passion in them.
Does anyone know anyone at Sirius that might be able to shed some light on anything? I’d love to run it to the guy screwing Mel’s secretary. I’ll bet he would have some info. If he’s not out there, would somebody start screwin’ Mel’s secretary.
My new plan…
I’m going to write this investment off. It’s gone… zero point zero. I’m going to TRY and live my life, get some sleep, save some money that won’t go into the market… and in a couple of months I’ll check in and see what happened. Was I right? Or do I have a little windfall.
Ah shit, who am I kidding…
Does anyone else think Mel is SCARED to hold a shareholder’s conference call?
Can you imagine? LOL. HOLY FUCKING SHIT. Pardon my French…but I’m laughing trying to imagine the calls. Yikes.
Zach, so does this mean you are selling or buying more?
I’m DEFINITELY thru with “averaging down”. No more for me. Although I’m holding till the bitter end….I MAY sell my last averaging down of 4000 shares at a buck if we rise alittle higher. If I could just get that small chunk of cash back at break even…it’d be a small victory.
Right now there are a TON of stocks that have been beaten down in this crisis that I could throw that 4 grand into. Stocks that unlike Sirius I KNOW will POP back up soon as the economy starts to get better.
With Sirius…I have no such faith anymore. But I will let the rest of my shares ride.
Friggin. LOL LOL LOL. Everyone else. Move over cause I’m in the same boat and I need a spot to put my sorry Sirius Investor ass!!!!!!!!!!!!!
I’m at a complete loss of what to do. Luckily I got out again at .90 after getting back in that friday where we hit 1.00 thinking it would go higher.
Now I can buy 50% more shares at this price, but still afraid. I got what I want and can’t pull the trigger to but even at .57. I might buy at 50 cents and then pray for someone to flip a switch and get a runnup to 80 cents or 1.00 or even better Mel breaking loose and telling us SOMETHING – maybe a term loan being close to being woked out.
Hope I don’t wait too long and see this stock run over 1.00 without me. I’m in since 1.50 to 9 and back down to .90 cents, and given 5 years of my life, savings & don’t want to lose the balance…
How many others are in my same position ?
I know where your coming from Friggin.
“Tan and rested”. Those are the famous words used to describe Mel on the day the merger went through……………………………..Why I ever kept this piece of crap stock Friggin I have no idea. Just like you said. My fear factor instincts went straight up on that. Why? Cause I knew right then Mel hadn’t done a damn thing to get us ready for a merger. Conspiracy theorist can see how it spells out. Mel, comes out. Says due to the credit crisis we are filing BK. C’mon think he hasn’t gone over this entire thing with his board of directors and accountants. Of course he has and is talking it through I’m sure. Or, you say he’s a man of his word. That he is cutting costs and riding this out. That he is a proud guy with kids of his own. That he truly resists being labeled a failure and that when he brought the likes of Howard etc., in he wanted to do them proud. No way can I see Howard being park of a BK scam. No way. He would shit a friggen goose. la tee da tee da. Someone pull the rip cord and eject my sorry ass outta here.