SIRI Intraday Updates for the Week of 10/20/08

http://www.timesonline.co.uk/tol/com...cle4981375.ece

"Speaking of dethroned royalty, the New York “shock jock” Howard Stern, who once declared himself the King of All Media, is mightily upset with the Los Angeles Times, which ran a front-page story last week declaring that his move to satellite radio has effectively ended his reign.

The story - which ran the day after Stern returned from his honeymoon, presumably for maximum irritation value - claimed that a mere one or two million people now listen to his show via Sirius (an in-car subscription service) against some 12 million during his peak years on “terrestrial” radio. It also claimed that A-listers now shun Stern's show, because they think him “culturally irrelevant”. “This article makes me sound like I'm a loser,” raged Stern, who was paid half a billion dollars - partly in stock - to join Sirius as opposed to its rival XM. Sirius has since merged with XM.

Now, much as I've never been much of a fan of such Stern fare as “Bestiality Dial-a-Date”, it would be a shame to see the King of All Media deposed. His interviews are consistently the most honest and entertaining to be found anywhere - which is probably why A-listers' publicists don't like him. Fortunately, I think the Los Angeles Times is missing the point. At a time when most media companies are struggling to make any money at all, Stern's lure has helped to persuade nine million people not only to buy and install expensive Sirius receivers, but also to sign-up for monthly subscription plans. My wife - a lifelong fan - pays $20 a month to listen to him.

If only readers of the Los Angeles Times were so loyal - the troubled paper has just fired 250 employees amid a 5 per cent slump in circulation."

The Motley Fool is name dropping again...

http://www.fool.com/investing/high-g...-the-time.aspx

Holding steady in AH on low volume after the sweat shop reports and 8k...

After Hours Trade Reporting

After Hours
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After Hours Trade Reporting

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17:17 $ .395 500
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17:04 $ .3921 1,006
16:43 $ .3967 540
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16:30 $ .392 3,000
16:29 $ .395 1,000
16:26 $ .386 148,282
16:23 $ .397 150
16:22 $ .39 8,200
16:21 $ .3994 184,433
16:19 $ .3956 184,433
16:15 $ .3998 3,000
16:15 $ .3998 4,500
16:15 $ .397 2,000
16:15 $ .397 4,000
16:15 $ .39 200
16:14 $ .39 5,000

This article probably reports what Mel said today, but you have to have a subscription to access the article......does anyone have one here?

http://subscribers.wardsauto.com/ar/...profit_081020/

Sirius XM Seeks New Model, First Profit
By Tom Murphy
WardsAuto.com, Oct 20, 2008 4:20 PM
CEO Mel Karmazin says the newly combined Sirius XM Radio has annual sales of $2.4 billion and still has yet to earn a dollar.

Trading at the high in AH..........


After Hours Trade Reporting

After Hours
Last: $ .40
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High: $ .40
After Hours
Volume: 721,647
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19:36 $ .40 685
19:36 $ .40 2,000
19:36 $ .40 315
19:33 $ .399 850
19:32 $ .40 300
19:26 $ .3988 1,750
19:26 $ .399 1,915
19:26 $ .3999 4,300
19:26 $ .40 7,027
19:20 $ .3988 2,700
19:11 $ .397 3,850
19:11 $ .399 6,379
19:01 $ .393 500
19:01 $ .3969 2,550
19:00 $ .39 1,000
18:56 $ .393 1,000
18:54 $ .3905 3,800
18:54 $ .39 1,200
18:45 $ .3905 600
18:41 $ .3911 1,900
18:41 $ .3905 600
18:40 $ .3911 1,100
18:12 $ .391 1,500
18:08 $ .3969 4,950
18:07 $ .396 1,140
18:07 $ .3967 3,860
18:06 $ .395 1,140
18:06 $ .396 3,860
18:06 $ .396 5,000
17:57 $ .395 310
17:49 $ .3921 2,194
17:49 $ .392 19,800
17:49 $ .39 5,248
17:49 $ .39 8,000

http://www.tradingmarkets.com/.site/...0News/1955939/

Pink Radio: XM brings cancer prevention to the airwaves

Mon. October 20, 2008; Posted: 03:08 PM

Oct 20, 2008 (Daily Breeze - McClatchy-Tribune Information Services via COMTEX) -- CCU | Quote | Chart | News | PowerRating -- The fight against cancer just got its own station.
Premiere Radio Networks, a subsidiary of Clear Channel Communications, has partnered with Los Angeles-based City of Hope, one of the nation's leading cancer research, treatment and education centers, to launch the first-ever radio channel supporting the battle against cancers that most impact women.

"Cancer has become so pervasive that there really isn't anyone I know who hasn't been affected," said Pink Channel creator Debbi Petrasek Brown of Premiere Radio Networks. "I thought the time was right for us as a company to do good -- to do what we do but give a portion of it back to an institution that supports cancer research."

The Pink Channel, broadcast on XM Satellite Radio Channel 24, features pop hits from the '70s, '80s and '90s, in addition to brief informational segments from City of Hope that relate to cancer prevention and support.

Women's breast and ovarian cancers are the primary focus, but prevention tips are applicable to the general public.

City of Hope, called the station "a real opportunity for the City of Hope to educate the population as a whole."

"The biggest reason for us to be involved is the opportunity for us to educate the public on all aspects of cancer -- its prevention, its treatment and its research," Levine said. "That's what we were most excited about."

The station is, first and foremost, a music station. But City of Hope will air

60-second seg-

Dr. Alexandra Levine, chief medical officer of

ments interspersed throughout the 24-hour schedule. These vignettes will include, among other things, Q&A segments and tips on coping when a friend or loved one is diagnosed with cancer.

"If you've had friends or family who have had cancer, you know this is really important information," said Steve Martin, associate vice president of marketing for City of Hope. "The trick is to make the segments compelling."

To do that, a weekly celebrity host will report on City of Hope's latest cancer research and treatment programs, share personal stories and read listener dedications.

"American Idol" champion Jordin Sparks, Grammy-winner Olivia Newton-John and country singer Lee Ann Womack, among others, are slated to serve as hosts.

"The point of our channel is to inform and make people aware, but also to entertain," said Petrasek Brown, whose mother died of pancreatic cancer two years ago. "It's not the Death and Dying Channel; it's the Pink Channel ... it transcends the disease state and offers up good music and compelling information to everybody."

It's also a fundraising opportunity for City of Hope, which will receive a portion of the proceeds from advertising and online retail sales of clothing and accessories, as well as 100 percent of listener donations collected through the channel's Web site, www.pinkchannelradio.com.

"This is really a chance to grow our brand nationally," Martin said. "We're known in certain pockets of the country, but we're really looking to grow our brand to be a national brand."

This isn't City of Hope's first foray into radio. The medical center also sponsors a radio call-in show, "The Group Room" (airing from 1 to 3 p.m. Sundays on KRLA 870 AM and XM Channel 155), in which doctors answer questions about cancer. The show also can be heard at www.vitaloptions.org.

And there's definitely an audience out there.

According to the American Cancer Society, more than 1.4 million Americans will be diagnosed with cancer this year. Among those, more than 182,000 women will be diagnosed with breast cancer, 40,100 will be diagnosed with uterine cancer, 11,070 with cervical cancer and 21,650 with ovarian cancer.

"I know that there are thousands of questions people have the moment a person is diagnosed," Levine said. "Even though a couple of minutes doesn't seem like a lot of time, it is enough time to get some very important bits of information across."

That said, she added that she hopes the Pink Channel can evolve to include longer discussions and programs devoted to cancer prevention, research and support.

Melissa Heckscher (310) 540-5511, Ext. 329; melissa.heckscher@dailybreeze.com

http://online.wsj.com/article/SB1224...oo_hs&ru=yahoo

TECHNOLOGYOCTOBER 20, 2008, 8:00 P.M. ET

Sirius Retires $30.5 Million in Convertible Notes
By SARAH MCBRIDE

"Sirius XM Radio Inc. said it had retired $30.5 million of the $300 million in convertible notes it has coming due in February. The company exchanged the notes for 67 million ..."

Someone knocked it down on the last AH tick......

After Hours
Last: $ .3907
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19:59 $ .3907 1,150
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19:49 $ .39 3,552
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19:49 $ .39 1,448
19:43 $ .399 150
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19:42 $ .40 1,195
19:36 $ .40 685
19:36 $ .40 2,000
19:36 $ .40 315
19:33 $ .399 850
19:32 $ .40 300
19:26 $ .3988 1,750
19:26 $ .399 1,915
19:26 $ .3999 4,300
19:26 $ .40 7,027
19:20 $ .3988 2,700
19:11 $ .397 3,850
19:11 $ .399 6,379
19:01 $ .393 500
19:01 $ .3969 2,550
19:00 $ .39 1,000
18:56 $ .393 1,000
18:54 $ .3905 3,800
18:54 $ .39 1,200
18:45 $ .3905 600
18:41 $ .3911 1,900
18:41 $ .3905 600
18:40 $ .3911 1,100
18:12 $ .391 1,500
18:08 $ .3969 4,950
18:07 $ .396 1,140
18:07 $ .3967 3,860
18:06 $ .395 1,140
18:06 $ .396 3,860
18:06 $ .396 5,000
17:57 $ .395 310
17:49 $ .3921 2,194
17:49 $ .392 19,800
17:49 $ .39 5,248
17:49 $ .39 8,000
17:38 $ .395 500
17:36 $ .395 2,556
17:36 $ .395 2,981

http://www.autoweek.com/apps/pbcs.dl...9989/1530/FREE


Sirius, XM technology would take years to merge
By PATRICIA SCOTT, AUTOMOTIVE NEWS


Mel Karmazin, CEO of Sirius XM Radio Inc., said Monday that unified satellite radio networks and receivers are still in the distant future.

Karmazin made his first public appearance in Detroit since the merger of the Sirius and XM satellite radio companies was completed in July. He was the kickoff keynote speaker at the Convergence 2008 conference, hosted by Chrysler LLC. The conference focuses on vehicle electronics and customer needs.

In a question-and-answer session, Karmazin said the merger of XM and Sirius hasn’t resulted in a merger of satellite capability. Merging XM and Sirius technology and installing it in new vehicles could take as long as 15 years because of the new chips required and automakers’ lead time.

But the company is offering new efficiencies for its 19 million subscribers that will distinguish one brand from another. During their rivalry in recent years, Sirius and XM signed exclusive contracts with different automakers and brands.

“Building on the success of our audio entertainment and technology infrastructure, we can bring the relationship to a strategic level by partnering with OEMs to position new-vehicle launches with differentiating Sirius XM features, such as Sirius Traffic with Chrysler, XM Traffic and real-time weather with Honda, Sirius Backseat TV with Chrysler and Sirius Travel Link with Ford,” Karmazin said.

Karmazin, the former president of media giant Viacom Inc. and the former CEO of CBS Corp., focused his remarks on meeting customer wants and needs with the range of entertainment programming that Sirius XM offers.

With the value of Sirius XM stock down 75 percent since the merger, Karmazin needs the auto industry to help build new business.

“There’s all kind of content out there. At the end of the day, I think that the consumer is in a great position because people are going to listen to what it is that interests them,” he said.

“We are laserlike-focused on making sure that there is nobody out there that’s going to come close to having the content that we do.”

Karmazin, known for being a champion of shock jock Howard Stern, said satellite radio enables parents to block unwanted programming at a lower price with family-friendly packages.

Karmazin said Sirius XM will not expand into Europe and Asia. If another company wanted to use the Sirius XM model for content and delivery, he said, he hoped the company would be willing to pay cash for Sirius XM’s consulting and advice.


This article was last updated on: 10/20/08, 20:33 et

This guy says sat rad will be dead in two years......

http://www.gizmodo.com.au/2008/10/si...ears_away.html

GADGETS
Sirius XM Dual Receiver Still 15 Years Away
Posted by Wilson Rothman at 10:00 AM on October 21, 2008
Now that Sirius and XM are merged, it makes sense that we'll get a dual tuner that picks up both flavours of satellite radio, right? WRONG.

CEO Mel Karmazin, aka the dude who paid Howard Stern a retarded amount of money, said today that the merger didn't magically fuse together satellite capabilities. Says Automotive News:

Merging XM and Sirius technology and installing it in new vehicles could take as long as 15 years because of the new chips required and automakers' lead time.
Fifteen years—when your car will look like this. Karmazin said other stuff about the subscription business(es), most of it was equally depressing. (No chance of it spreading to Europe and Asia, for instance.) How long do you give satellite radio? I say dead in two years.

I was thinking the same thing after reading that it may take 15 years to get a dual radio in cars. Didn't Mel say 3 years at the first CC after the merger? 15 years, he has to be kidding, right? Wasn't one of the reasons to merge was to transmit both sat signals to one radio? Is Mel commiting shareholder suicide or is his intent really to take down this comapny? You have to start wondering here?

Quote:

---

Originally Posted by Demian

Either Robert is trying to mislead people or he didn't get the memo about the Nasdaq's new rules...

---

After emailing back and forth with Robert Holmes from thestreet.com about the error in his article, he finally "fixed" it by "updating" the article....

Here are the emails he sent me....

------------------------------------------------------------------------------------------------------

Demian,

I appreciate the response. The information in the article was taken both
from the Nasdaq's official Web site and Sirius XM's own regulatory
filing. If you'd like to see the Nasdaq's official policy on the
delisting notice, please head here:
http://www.nasdaq.com/about/FAQsContinued.stm#6

Thank you.

Robert Holmes
Staff Reporter
Robert.Holmes@thestreet.com
TheStreet.com

-----------------------------------------------------------------------------------------------------

Demian,

I followed up with my Nasdaq contact and, indeed, you are right. I'm
updating the article now. Thanks for pointing out my error. I appreciate
the help.

Robert Holmes
Staff Reporter
Robert.Holmes@thestreet.com
TheStreet.com

-------------------------------------------------------------------------------------------------------

Here is the "updated" article....

http://www.thestreet.com/_yahoo/news...FREE&cm_ite=NA


And here was my last email to Robert.....

-------------------------------------------------------------------------------------------------------
Robert,

Thank you for correcting the error in the article. Now you should write a new article about how positive this is for SIRI...

Demian

--------------------------------------------------------------------------------------------------------

Good job Demian. However, I believe Holmes intentionally wrote it that way, until, you pointed out the lie. He got caught and you fixed him. Thanks.

I included the link to the new rules on the Nasdaq's website in my first email. Either he was playing dumb or he didn't check the link that I sent him...

Good morning people.....

Pre-Market Trade Reporting

Pre-Market
Last: $ .3905
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08:15 $ .3905 800
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08:00 $ .40 3,424
08:00 $ .40 4,251

Quote:

---

Originally Posted by SiriusXMInvestor

I was thinking the same thing after reading that it may take 15 years to get a dual radio in cars. Didn't Mel say 3 years at the first CC after the merger? 15 years, he has to be kidding, right? Wasn't one of the reasons to merge was to transmit both sat signals to one radio? Is Mel commiting shareholder suicide or is his intent really to take down this comapny? You have to start wondering here?

---

Mel didn't say it. 15 years is so absurd, nothing in technology takes that long. 15 months would be closer, but Mel said 3 years

They took Mel's quote out of context........he was talking about one system - not interoperable.


SIRI trading down fractionally (about a cent} at about .37 with the market bloody red. I'm hoping .36 holds...


http://biz.yahoo.com/ap/081021/apfn_...debt.html?.v=1

AP
Sirius exchanges debt for shares
Tuesday October 21, 9:53 am ET
Sirius exchanges debt for shares as leverage concerns loom

PHILADELPHIA (AP) -- Sirius XM Radio Inc. swapped $30.5 million of its debt for company stock, as the satellite radio provider moves to shore up its balance sheet.
The New York-based company exchanged the debt held by institutions for 67.04 million common shares, according to a filing with the Securities and Exchange Commission made late Monday. The debt is a portion of the $300 million in 2.5 percent convertible notes due in February.

The exchange translates to a value of 45 cents for each share received by debt holders. Sirius shares closed at 39 cents on Monday, up a penny. The company disclosed the deal after the market's close.

The debt holders stand to clean up once Sirius executes a 1-for-10 to 1-for-50 reverse-stock split before the end of 2009.

Sirius put forth the reverse-split proposal, which will boost the stock price by reducing the number of outstanding shares at the ratio indicated, in a proxy filing last week to be voted upon at its Dec. 18 shareholders meeting.

The company said its shares have to stay at $1 or higher to continue listing on the Nasdaq.

Sirius said it did not receive any cash from the debt swap and noted that it might make other exchanges as opportunities arise.

Sirius faces $1.1 billion in debt coming due next year. The company is seeking to save $425 million in 2009 from its July merger with XM and trim its debt burden to reach profitability.

http://www.schaeffersresearch.com/co...e&blogid=88574

Option Skews - Research in Motion, Sirius XM Radio Inc, National City Corp, Ambac Financial Group, Petroleo Brasileiro SA
10/21/2008 8:27 AM

Companies seeing a skew towards calls in the previous session: Citigroup Inc (C), SanDisk Corp. (SNDK), Research in Motion (RIMM), Forest Laboratories (FRX), Petroleo Brasileiro SA (PBR), Goldcorp Incorporated (GG), Chesapeake Energy (CHK), Morgan Stanley (MS), Delta Air Lines (DAL), Capital One Financial (COF), American International Group (AIG), Pfizer (PFE), EMC Corp. (EMC), Sirius XM Radio Inc (SIRI), Merck (MRK), IBM (IBM), Intel Corp. (INTC), Yamana Gold Inc (AUY), Yahoo! (YHOO), Genentech Inc (DNA), Freeport-McMoRan Copper & Gold (FCX), National City Corp (NCC), eBay Inc (EBAY), Nokia Corp. (NOK), Ambac Financial Group (ABK).

The people that write these articles are so stupid. Interoperable radios will be out in just a few months and ahead of schedule - Mel said they would beat the Merger requirement to have them out within a year by "several months"...


http://www.fmqb.com/Article.asp?id=945063


Karmazin: Merged Technology Years Away

October 21, 2008
Speaking at Monday's Convergence 2008 conference hosted by Chrysler in Detroit, Sirius XM Radio CEO Mel Karmazin said that in-car technology merging Sirus & XM could be up to 15 years away. According to Autoweek, Karmazin presided over a Q&A session, in which he said that while the companies have merged, their technology has yet to. Combining the technology for both companies and installing it in new cars could take up to 15 years, due to the creation of new chips and lead time for automakers.

However, Orbitcast notes that on Sirius' Q2 conference call, Karmazin gave a much shorter time frame. When asked about interoperable radios in vehicles, he said that the automakers "control the dashboard, so they can decide if they want it or they don't want it, and if they do want it, you should assume it will probably take about three years for them to integrate it, since that's the lead time that most of these options take before the car companies are willing to put it into production."

At the conference, Karmazin also discussed the merging of both companies' services and relationships with automakers. "Building on the success of our audio entertainment and technology infrastructure, we can bring the relationship to a strategic level by partnering with OEMs to position new-vehicle launches with differentiating Sirius XM features, such as Sirius Traffic with Chrysler, XM Traffic and real-time weather with Honda, Sirius Backseat TV with Chrysler and Sirius Travel Link with Ford," Karmazin said, according to Autoweek.

"There’s all kind of content out there. At the end of the day, I think that the consumer is in a great position because people are going to listen to what it is that interests them," he added. "We are laserlike-focused on making sure that there is nobody out there that’s going to come close to having the content that we do."