FCC Commissioner has withdrawn his original merger proposal offer from the table and cast a no vote on the deal. This leaves the decision on the shoulders of commissioner Tate, who will perhaps cast her deciding vote in very short order. In a statement Adelstein said, “”I was… → Read More
Pioneer Reiterates Position Against HD Chip Requirement
Pioneer has been very vocal in their position with one particular “concession” that has been a frequent subject of the proposed merger between Sirius and XM. The audio equipment manufacturer believes that there should be no requirement to install HD radio chipsets in all SDARS receivers. Pioneer met… → Read More
Analysts Weigh In On XM’s Quarter
Analysts have begun to weigh in on XM Satellite Radios second quarter 2008 performance. As expected, it is a bit of a mixed bag, with analysts that have been bullish remaining bullish, and analysts that have been bearish remaining bearish. Tony Wible of CITI noted that XM had… → Read More
Cowen See’s Copps Move as No Surprise
Analyst Tom Watts was quick to the keyboard after it was announced that commissioner Copps had voted no on the proposed merger of Sirius and XM. The analyst noted that the Copps vote was “no surprise”, and that he was still looking to FCC commissioner Tate for the… → Read More
What Happened When Copps Shot His Bullet?
Those that follow the satellite radio equities closely noticed some wild trading today. Both Sirius and XM dropped like rocks in less than a minute on what appeared to be no news. Then we all saw what happened. FCC commissioner Copps voted against the merger. But why did… → Read More
Copps Votes No On Sirius XM Merger
FCC Commissioner Copps has opted not to bring a counter proposal to the table, and simply go with a “NO” vote on the proposed Sirius and XM merger. According to the Wall Street Journal, Copps rendered his decision on Monday, July 22nd. The “NO” vote by Copps represents… → Read More
XM Filing May Hold Merger Clues
Before everyone jumps to a conclusion that the merger decision is now complete, I want to caution readers that this piece carries some assumptions, and some reading between the lines. Like a puzzle, you oft do not need all of the pieces to have a general idea of… → Read More
June Retail Better Than Expected
The retail; channel in satellite radio continues to stabilize and another month of better than expected numbers has rolled in. NPD Group, which tabulates retail data in many categories has published sales figures for the month on June. According to Stifel analyst Kit Spring, the retail channel for… → Read More
Adelstein Says There Is Wiggle Room
FCC Commissioner Adelstein has made statements that there is wiggle room in his position on the merger. According to Broadcasting and Cable, the democrat commissioner has indicated that he is willing to negotiate the terms that he outlined last week. Adelstein said Monday at an annual Minority Media… → Read More
XM Announces Preliminary Results for the Second Quarter of 2008
XM Satellite Radio Holdings Inc. (Nasdaq: XMSR) today announced preliminary results for the second quarter of 2008. XM added 322,000 new net subscribers in the second quarter of 2008 for a total of 9,653,000 subscribers, a 17 percent increase in subscribers since the end of the second quarter… → Read More
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