well the banks are going good this morning hopefully that helps the rest of the market along and we can get a little rally going with the markets.
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well the banks are going good this morning hopefully that helps the rest of the market along and we can get a little rally going with the markets.
09:58:10 $ .1487 100
09:58:06 $ .1488 400
09:58:03 $ .1487 100
09:58:00 $ .1487 100
09:57:57 $ .1487 100
A bunch of 100's. MM's are still working out their plan.
NLS
Time (ET) NLS
Price NLS
Share Volume
10:00:50 $ .1491 800
10:00:50 $ .1491 900
10:00:50 $ .1491 1,600
10:00:50 $ .1491 900
10:00:50 $ .1491 300
now their starting something
The volume is weaker than I expected this morning, but I still hope we end closer to .16 than .15. I'll take a penny a day for 35 straight days.
I hope they can work this out with MLB.....if they haven't already.
http://www.sportsbusinessjournal.com/article/61764
No MLB yet for Sirius subscribers
By JOHN OURAND
Staff writer
Published March 09, 2009
MLB is not quite ready to play ball with the merged Sirius XM Satellite Radio.
The league and the satellite radio service are sparring over whether to make MLB game broadcasts available to the entire spectrum of Sirius XM’s 19 million subscribers. Now, just three weeks before MLB’s opening day, nearly half — about 9 million Sirius subscribers — will not be able to listen to MLB game broadcasts this season unless a deal can be worked out.
Baseball and Sirius XM executives have spent several months negotiating whether to expand access of live MLB games beyond just XM subscribers.
The stalemate is certain to frustrate Sirius XM subscribers, who were expecting that last year’s merger of the two platforms would allow the entire satellite subscriber base to listen to all sports. In the past, as they competed for market share, XM and Sirius signed exclusive deals with various leagues.
In 2004, for example, MLB signed an 11-year, $650 million deal to be carried exclusively on XM’s platform.
Other leagues put games on both services
after the merger, but MLB is holding out.
Now, baseball executives want to maintain that platform exclusivity unless a new deal can be worked out. Since the merger of the two platforms passed regulatory hurdles last summer, Sirius XM executives have been pushing for the leagues, like the NFL, NBA, NASCAR and MLB, to give up that exclusivity and make their programming available to all 19 million subscribers under terms of existing deals.
The NFL and NBA originally signed exclusive deals with Sirius, but once the satellite radio companies merged, they allowed their game programming to be broadcast on both for the same rights fee they had been getting, sources said.
But MLB is holding out, unless it can work a better deal, which almost certainly means a higher rights fee.
MLB already has the richest satellite radio contract of any sports league, getting, on average, $59 million a year. By comparison, the NFL’s deal with Sirius averages to $31 million a year and NASCAR’s Sirius deal averages $21 million a year. The NBA’s rights fee is not known.
But baseball is taking a hard stance, believing that the volume of its game programming and its traditional appeal make it more valuable to satellite radio. Industry analysts also believe that this could be baseball’s last chance to have leverage with Sirius XM. Baseball’s deal ends in 2015.
“There definitely won’t be any bidding wars for these sports rights next time,” said David Kestenbaum, an analyst with Morgan Joseph & Co. who covers satellite radio.
Part of the reason is the lack of satellite radio competition. In July, federal regulators approved the merger after a 17-month review period, cutting the number of satellite radio companies from two to one. The merger takes away a rival bidder that could have driven up prices.
Then there’s the precarious financial position of the satellite radio company, whose shares were trading at less than 15 cents last week. Last month, Liberty Media Corp. helped the company avoid bankruptcy when it agreed to pay $530 million in loans in return for a 40 percent stake.
Kestenbaum said that the Sirius XM does not have the money to keep paying so much in rights fees.
“I thought the original MLB deal was a foolish one for XM,” Kestenbaum said. “I don’t think enough new subscribers signed up to justify paying $60 million per year.”
Despite the issues over financing, league partners still have gotten paid. As part of its MLB deal signed in 2004, XM put two years’ worth of rights fee payments — $120 million — into an escrow account to guard against pending bankruptcy, sources said.
The NFL made a similar deal with Sirius, demanding that money be set aside in an escrow account.
For its part, Sirius XM Satellite Radio remains optimistic that a deal can be worked out by Opening Day.
“Discussions are ongoing with Major League Baseball and we remain hopeful that we will be able to reach an agreement that will allow Sirius subscribers to hear the games,” a Sirius XM spokesman said.
Both XM and Sirius subscribers still will have access to MLB Home Plate, a 24/7 channel devoted to Major League Baseball.
“As with any partner seeking to amend their deal terms, we would be open to negotiating new terms that were agreeable to both parties,” an MLB spokesman said. “As a practice, we do not discuss details of private negotiations in public.”
Hi, I use sharebuilder but I make all my own trades. The tuesday program means you will pay whatever the price is at the opening bell. We know it always spikes up at the bell and then falls so you end up paying more per share.
True, but allowing it to trade on Tuesdays avoids the $9.95 instant trade fee and the surcharge of trades of over 1,000 shares. (Last time I did a 10,060 share trade and paid about $36 in surcharge fees) I do agree that I am running a good chance of obtaining shares at a higher price, but I’m focused on the bigger picture of $1+ SIRI trading so whether I pick them up at .15 or .18, I'm still netting a reasonable profit.
http://finance.yahoo.com/news/Mandat...-14581201.html
Press Release Source: SIRIUS XM Radio
'Mandatory Metallica' Channel to Air on Sirius XM Radio
Monday March 9, 2009, 10:00 am EDT
Buzz up! Print
Related: SIRIUS XM Radio Inc.
Channel to broadcast non-stop Metallica music, plus feature interviews with all four band members as well as a wide range of artists talking about Metallica
"Mandatory Metallica" to coincide with the band's induction into the
Rock and Roll Hall of Fame
"Mandatory Metallica" to be available to SIRIUS subscribers for the first time
NEW YORK, March 9 /PRNewswire-FirstCall/ -- SIRIUS XM Radio (Nasdaq: SIRI - News) announced that legendary rock band Metallica will host their own music channel on SIRIUS XM. Mandatory Metallica will be broadcast on SIRIUS channel 27 and XM channel 42 and will debut on Saturday, March 14 starting at 6:00 pm ET and run through Monday, April 13 at 3:00 am ET. The launch of SIRIUS XM's Mandatory Metallica channel coincides with the band's induction into the Rock and Roll Hall of Fame on April 4, 2009.
"Metallica is one of the most influential and distinctive bands in the world," said Scott Greenstein, President and Chief Content Officer, SIRIUS XM Radio. "We are thrilled to broadcast Mandatory Metallica for SIRIUS XM listeners and give Metallica fans a place to go to hear all the music, interviews and rarities with this incredible rock band all in one place for thirty days."
Mandatory Metallica will air Metallica music 24/7 as well as new songs from their recent release, Death Magnetic, which debuted at #1 on the Billboard 200 and was certified Platinum in less than three weeks. The channel will also feature interviews with Metallica guitarist and singer James Hetfield, drummer Lars Ulrich, guitarist Kirk Hammett and bassist Robert Trujillo.
In addition to interviews with all four band members, Mandatory Metallica will air exclusive interviews with other artists sharing their personal insights about Metallica's influence on music, including Linkin Park, Slipknot, Disturbed, Guns N' Roses, Chris Cornell, RUSH, Ashes Divide, Black Stone Cherry, Five Finger Death Punch, Atreyu, Cinderella, Mastodon, Judas Priest, Dragonforce, Triumph, Tesla and others.
Mandatory Metallica will offer fans exclusive access to the band and their music. The limited-run channel aired exclusively on XM in 2008 and will be available to SIRIUS subscribers for the first time. The channel will feature virtually every Metallica song ever recorded, plus rare live cuts from the band's personal archives.
In addition to their own SIRIUS XM channel and recent record release, Guitar Hero will launch "Guitar Hero: Metallica" featuring music from the band's 25 year career as well as special hand-picked guest acts on March 29, 2009. The band will also be inducted into the Rock and Roll Hall of Fame on April 4, 2009. Death Magnetic, the band's 10th studio album, was released worldwide on September 12. For more information about Metallica's new album, go to www.metallica.com.
Mandatory Metallica continues SIRIUS XM's practicing of creating exclusive limited run artist-branded channels dedicated to iconic musicians. In addition to the current broadcast of Bruce Springsteen's E Street Radio and Paul McCartney's Fireman Radio, SIRIUS has previously offered limited run channels such as Rolling Stones Radio, AC/DC Radio, Led Zeppelin Radio, The Spectrum of John Mellencamp, The Who Channel, Radio R.E.M., Coldplay Nation, ABBA Radio, Neil Diamond Radio, Jay-Z Nation, Garth Brooks Radio and Duran Duran's Red Carpet Radio among many others.
watching stem, which 5-10yrs away from anything viable, compared to siri...wanna puke!!!:(
Hi, That 36 was .0034 per share. using the tuesday open price you pay .015 more per share. (159 extra compared to 36) At todays price you could buy an extra 1000 shares. If you make 4 trades a month your coming out 4k shares fewer per month.
It's your money if your not worried then it's all good. (.01 increase on 4k shares is only 40 but that pays the commision on 10k shares)
Just bought 10,000 more at .1495 now have 40,000 at .35 avg. With Scottrade commish was 11.48 ...I will keep averaging down...still more dry powder left.
I'm sorry but Sharebuilder sucks.........there are much better alternatives.
You can lose tons of money trying to save money. You really need the ability to buy and sell in extended hours.....