Well, it is now official and in black and white. The FCC updated their “items In Circulation” list today and the proposed merger of Sirius and XM is on the list. The Draft Order circulation happened on June 17th. At this point, the commissioners all consider the draft… → Read More
Cowen Analyst Takes Shot At Goldman
In a note issued today, Cowen analyst Tom Watts was very pointed in his disagreement with Goldman’s Wienkes. “We Disagree With Competitor’s Negative View,” noted Watts. He also stated that investors could, “Expect a Rebound.” “Yesterday, Outperform-rated SIRI ($2.13) traded down 13% and XMSR 18% ($8.61). A competitor’s… → Read More
AMTC Puts a Zoom-Zoom on Mazda Dealerships
Mazda Motor of America, is providing a new way for its dealers to promote the Sirius Satellite Radio they already offer in many of their vehicle models, as well as a method for getting the message out about new Mazda models and other dealership news. With the help… → Read More
Bearish Report Sends SDARS Lower
Goldman Sachs analyst Mark Weinkes outlined a bearish situation for SDARS that sent both Sirius and XM plummeting lower on heavy volume. Weinkes, who has been bearish for quite some time went grizzly bearish. Both Sirius and XM had staved off previous anticipated Goldman lows now, but new… → Read More
May Retail Stronger Than April
Retail sales for satellite radio according to NPD Group were stronger in May than they were than April. NPD Group tracks retail sales from various major stores, but does not include all retail sales. Sales made directly by Sirius and XM are not counted either. While month over… → Read More
Concessions Outlined By Sirius And XM
Yesterday we indicated in our article Merger Signed Sealed And Awaiting Delivery , that the formal letter outlining the concessions of the merger would be posted to the FCC website this morning. This has now happened, and the market will now be able to digest exactly what the… → Read More
Merger Signed, Sealed And Awaiting Delivery
Today it was made public that Chairman Martin not only would be issuing a draft order regarding the merger of Sirius and XM, but that he indeed supported the merger. This is probably the most positive news that SDARS has seen since the DOJ announced approval back in… → Read More
NAB Weighs In On FCC News
The National Association of Broadcasters issued statements today regarding the events surrounding recent comments by FCC Chairman Kevin Martin. In their statements, the NAB said nothing relating to the public interest issue that the FCC uses to make their determination. Instead, the NAB focused on interoperability, repeater networks,… → Read More
Citigroup Analyst Bullish
Citigroup analyst Tony Wible has become even more bullish on satellite radio given today’s activity. As a result of recent news surrounding the merger of Sirius and XM, Wible has adjusted his 12 month price target on Sirius to $9.00 from $7.50. Wible also raised the near term… → Read More
Sirius And XM May Already Have Three Votes
Sirius and XM met with Martin, McDowell, and Tate late last week according to Exparte filings with the FCC published today. It would appear to be a case of shoring up the votes that anyone following the issue have always thought were the most likely to support the… → Read More
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