Coming out a day after the flood of analyst reports hit the street, Barrington has issued their take on the quarter as well as the merger. The form feels that given that the DOJ has approved the merger, that the FCC will follow suit. Timeframe is still an… → Read More
Public Knowledge And Media Access Clarify Georgetown Partners Letter
In yet another twist of events, Public Knowledge and Media Access penned a letter to the FCC outlining their position, and making clear that there is no relationship with Georgetown Partners. In the letter, published on the FCC website today, they make clear their desire for a 5%… → Read More
Merger Line Has Been Drawn
You have to read between the lines to see it, but it seems even more clear now than it ever has. Sirius and XM are not going to give up spectrum to facilitate the merger. Mel Karmazin, and David Frear both stated in strong terms that they are… → Read More
Clear Channel Deal Finally Struck
The private equity buyout of Clear Channel was approved long ago, but with debt markets in turmoil, the Financial institutions that were the money behind the deal seemed to get cold feet. The $39.20 buyout price simply became too steep. The issue went to litigation, as Clear Channel… → Read More
Primosphere Clarifies Their Position
Primosphere, in a filing with the FCC, clarified their position relative to their desire to obtain spectrum as a result of the proposed merger between Sirius and XM Satellite Radio. Primosphere does not want to “lease” spectrum. They are seeking that their application be granted so that they,… → Read More
Georgetown Partners Meets With Media Access And Public Knowledge
In a new twist in the proposed merger between Sirius and XM, Georgetown Partners seems to have shifted a bit from their stance that has remained steadfastly the same through over thirty meetings with the FCC. For the first time, Georgetown has stepped into an arena of defining… → Read More
Price Targets And Expectations
Analysts are all weighing in on the quarterly reports of XM and Sirius. Some analysts are negative on the sector while others are positive. Price targets are established using various models, and differing assumptions are made by each analyst. Some analysts are basing their estimates on a merger,… → Read More
Merrill Lynch Upgrades Sirius To Neutral
Merrill Lynch analyst Glenn Campbell upgraded Sirius Satellite Radio to Neutral Today. The analyst has a price target of $3.11 for Sirius. REPORT EXCERPTS The clouds start to lift We are raising our opinion to Neutral to reflect 1) an increase in our DCF value following better-than-expected 1Q08… → Read More
Cowen Issues Report On Sirius
Tom Watts of Cowen issued a report today on Sirius Satellite Radio. The analyst rates Sirius as Outperform. REPORT EXCERPTS Sirius Satellite Radio Outperform (1) 2008 Q1: In-Line Results. Waiting for FCC. SIRI’s solid Q1 matched us on subs and ARPU, and beat on EBITDA, SAC and EPS…. → Read More
RBC Issues Report On Sirius
RBC analyst David Bank issued a report today on Sirius Satellite Radio. The analyst rates Sirius as sector perform with a price target of $3.00 REPORT EXCERPTS Event 1Q08 Earnings Mixed As FCC Keeps SIRI Waiting Investment Opinion Probability Of Transaction Completion High, But Conditions Unknown And Fundamental… → Read More
Previous Entries
