U.S Electronics has outlined a specific open access proposal for the FCC to consider. Some sector followers believe that open access is a concession that could carry some weight with at least some of the FCC commissioners. While the U.S. Electronics proposal would take away the ability of… → Read More
Goldman Concerned With Possible Equity Issues In Satellite
In a note published today, Goldman Sachs analyst Mark Weinke is not as concerned with debt refinancing, but rather possible dilution that he feels may be in need of later this year. In the note, Weinke states, “Our analysis of projected cash flows concludes both XM & Sirius… → Read More
Satellite Radio Retail A Mixed Bag For April
Satellite radio retail sales are an aspect of the sector that has been perceived weak for quite some. In fact, through the first quarter of 2008, the retail channel for satellite radio is negative 49,000 units on a net basis (after churn is considered). NPD, a company that… → Read More
Sirius Buzz Radio Thursday 10:00 PM Eastern
Sirius Buzz Radio will air again Thursday Night at 10:00 PM Eastern. The show will last one hour and callers are welcomed. The call in number is 347-945-7995. We will cover the new Logitech Squeezebox, have an FCC parody, discuss the latest 8K filed by XM, and of… → Read More
XM Escrows Money For MLB
XM Satellite radio filed an 8K with the SEC today relating to Major League Baseball and other financing matters. In the filing XM stated that they have escrowed $120 million for MLB, as well as a disclosure that they intend to begin to use the GM credit facility… → Read More
Commissioners Opinion On Media Ownership May Foreshadow Opinion On Satellite Merger
Back in December of 2007 the FCC approved new media ownership rules by a vote of 3 to 2. The commissioners against the new rules were democrats Copps and Adelstein. Both commissioners have now issued statements in light of the recent senate vote to overturn the new rules…. → Read More
NAB Says “Seismic Changes In Media Landscape”
In what can only be termed as a cautious use of words, the National Association of Broadcasters expressed opposition to the passage of the Senate Joint Resolution 28 that would serve to rescind the FCC media ownership vote that happened last December. The NAB’s Dennis Wharton said, “NAB… → Read More
U.S. Electronics Files Suit Against FCC
In a 186 page Ex-Parte filing with the FCC, U.S. Electronics has filed suit over a Freedom of Information Act request. The issue centers on a request by U.S. Electronics to see documents relating to rules and regulations of the FCC and whether or not Sirius and XM… → Read More
Cowen’s Tom Watts Sees Upside
One worry for sector watchers regarding the merger is the refinancing of putable debt. With credit markets strapped for cash people worry that the merged company would not be able to reach terms that carried a reasonable rate. One key aspect of the current bonds is the value… → Read More
Merger Deal Continues
While this is being published a few minutes early, it would appear that the merger agreement between Sirius and XM will, as expected, continue. When they announced the last extension, the expiration was may 15th, 2008. “XM Satellite Radio (Nasdaq: XMSR) and SIRIUS Satellite Radio (Nasdaq: SIRI) today… → Read More
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