This past Saturday I wrote a piece titled “XM Shares Still Exist“, an article which had readers split into two camps. Some readers were in the camp that supported my theory, while others were convinced that I had it all wrong, and XMSR shares would not trade today…. → Read More
Citi Analyst See’s Merger Synergies
Citi analyst Tony Wible, upon seeing the preliminary Sirius results sees merger synergies as realizable. While the finalized Sirius numbers are not public yet, the early glimpse issued by the company was enough for Wible to maintain a BUY rating and a $6.50 price target on Sirius. Wible… → Read More
Satellite Radio Subscriber Picture
Now that Sirius and XM are close to consummating the merger that gained FCC approval Friday, this may be the last subscriber chart that separates out the subscribers of Sirius and XM. In Q2 2008, XM tallied more NET subscribers than Sirius for the first time in several… → Read More
Sirius Announces Q2 2008 Results – Equity Offering
Sirius satellite radio announced preliminary Q2 2008 results today prior to the market opening. The operating results come on the heels of FCC approval of the proposed merger with XM Satellite Radio, and along with an offering. A new item to note is the addition of a conversion… → Read More
NAB Has Few Words For Merger
After months of delay tactics, hundreds of Ex Parte filings, and even going to the extreme of creating an internet survey where only those responding against the merger were forwarded to the FCC, the National Association of Broadcasters had surprisingly little to say upon hearing the news of… → Read More
Sirius / XM: A Merger Of Equals
I have spent the better part of the morning trying to answer the question on everyone’s mind; What will happen with the stock price? I have read through analysts reports that put such a wide range of targets on Sirius, that I thought it might be time to… → Read More
Exclusive: Revised Sirius / XM Concessions
We have just learned of a revised commitment letter filed with the FCC Friday, which details all of the voluntary concessions agreed to by Sirius and XM, in regards to the recent FCC decision. There are some interesting items of note including a statement that the combined company did not expect… → Read More
XM Shares Still Exist
Amid all of the merger news, there is one common item that many seem to have a question about. Will XM shares still exist on Monday? The answer in my opinion is YES. The merger deal specifies that each XM share will receive 4.6 shares of Sirius once… → Read More
What’s Next For HD Radio
HD Radio had high hopes of being included in SDARS receivers. If such a requirement were mandated by the FCC, the business model of terrestrial radio could continue virtually unfettered, and without offering up a revenue share to automobile manufacturers. At this point there is no requirement to… → Read More
Sirius/XM Merger Officially Approved In Only 493 Days!
The long awaited conclusion of regulatory purgatory that began on February 19, 2007 for Sirius, XM and their shareholders is over. The merger was officially approved when the consent decree was signed moments ago. As advertised, the commission vote fell along party lines with a 3 – 2 split decision. The definitive… → Read More
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