Siri Stock Thread March 2011

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Originally Posted by MUSCLE13

Don Imus dubbed Mel the Zen Master almost 20 years ago on the air. And the nickname stuck. He has only been called that about a million times in the press over the years.

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Yes muscle, true, true in deed . . . but did the press include a meditating/levitating smiley emoticon in any of those million or so mentions? That is my own innovation.

Now as to the Zen Master . . . I would love for him to buy my beloved NY Mets out from under the Wilpons and forever change the "Karma" of the franchise,http://www.freesmileys.org/smileys/s...v/outfield.gif however, Howard Stern would likely claim that without him, Mel would never have been able to afford to "gobble-up" the team and therefore One Twelve should be entitled to having the past 4 years attendance figures included in Howard's bonus subscriber-targets . . . plus a 10% consulting fee to Don Buchwald of course!


My All-Time Favorite Met Pictured Below:

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Originally Posted by Havakasha

You speaketh too soon SRK. Hammer away at Spencer, and remember to keep your feet on the ground as your launch those attacks. We wouldnt want to let all this adulation go to your head now would we?

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As to the former, yeah, I just noticed . . . we had that story in the forums yesterday; more competition in an already crowded field.

Should the latter happen, I have no doubt you guys will cut me down to sizehttp://www.freesmileys.org/smileys/s...violent006.gif

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Originally Posted by Sirius Roadkill

As to the former, yeah, I just noticed . . . we had that story in the forums yesterday; more competition in an already crowded field.

Should the latter happen, I have no doubt you guys will cut me down to sizehttp://www.freesmileys.org/smileys/s...violent006.gif

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Retail and Radio

2 totally different business models that are best served in partnerships. The last thing investors should want is for Sirius to get into the retail business. That is why we see this

Siriusbuzz excerpt -

Ironically Sirius XM refers users of their own app to Amazon as well as iTunes.

http://siriusbuzz.com/amazon-launche...ge-service.php

The blogger seems perplexed. He shouldn't be. Radio is partnering up with music retail services in the digital age. They are complementary not competitive. How long has their been personalized music playlists in the car - from 8 tracks to tapes to Cds to ipod and iphone docks, it has been in the car forever. Radio listening in the car has thrived throughout.

http://messageboards.aol.com/aol/en_...Unhidden=false

PS - If anybody suggests that Sirius should get into the retail business (which I certainly hope is not being suggested here) it would totally destroy their margins and put their EBITDA growth rate prospects in the toilet. If Sirius ever became a music retailer, any sensible radio investor, including yours truly, would sell their stock immediately.

Partnerships are fine. Owning a download service is beyond ludicrous for sat radio. To be fair, I don't believe that is being suggested here.

Bloated attorney Dominic Barbara speaking about Sirius XM CFO David Frear:

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www.marksfriggin.com
December 7, 2010

Dominic Barbara called in and said that they should look at history. He said that if Howard leaves they'll find themselves in trouble. Dominic said that a CFO should be worried about the stock prices.

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SRK says: and lawyers should worry about their billing practices . . .

ORDERED that the respondent, Dominick A. Barbara, is suspended from the practice of law for a period of 18 months commencing March 10, 2011, and continuing until further order of this Court; the respondent shall not apply for reinstatement earlier than March 9, 2012, and in such application, the respondent shall furnish satisfactory proof that during said period he (1) refrained from practicing or attempting to practice law, (2) fully complied with this opinion and order and with the terms and provisions of the written rules governing the conduct of disbarred, suspended, and resigned attorneys (see 22 NYCRR 691.10), (3) complied with the applicable continuing legal education requirements of 22 NYCRR 691.11(c)(2), and (4) otherwise properly conducted himself; and it is further,

http://www.courts.state.ny.us/report...2011_01023.htm

btw, speaking of time sheets . . . .

If I were Howard, before I'd pay my legal bill for the month of March, I would require the One Twelve lawyers to produce the time sheets related to the filing of that complaint. From what I can see, the billing shouldn't be for any more than 15 minutes at paralegal rate or, worst case, junior associate rate.

By MIKE GRAHAM and ROB HOELL

wpix.com

10:50 a.m. EDT, May 5, 2010


GLEN COVE, N.Y. (WPIX)— Matrimonial attorney Dominic Barbara, who made headlines for representing infamous clients like Joey Buttafuoco, is now the subject of a scandal himself.

The flamboyant lawyer was arrested Tuesday after he approached his ex-wife in a bagel shop in Glen Cove Sunday morning, violating an order of protection, police said.

While in Glen Cove court Wednesday to finalize living arrangements over a posh home the two share, Barbara became agitated. At one point Judge Richard McCord ordered Barbara to stop staring at his ex-wife. "Stop staring at her, you are making me nervous," said McCord. "This is a sensitive matter, you're expressing emotions. I don't want it to explode into anything more than that."

http://www.wpix.com/news/local/wpix-...,1823662.story

but at the end of the day, it’s a playlist.

Tom Casey, CFO
Clear Channel

The acquisition of Thumbplay – “What Thumbplay does for us is accelerate some of the development we have on our digital platforms. It allows us to provide Pandora-like experiences for our listeners, as well as leverage the content we currently have.” Tom Casey says the goal is to “provide our content wherever and however our customers like to get it.”

Pandora – “We definitely think Pandora’s got a great product…[but] at the end of the day, it’s a playlist. Radio is a playlist that lives.” Casey says a CC-programmed service has the advantage of “curation…the ability to research what people want to hear. If you get tired of a song, it goes away.” But on the Pandora-like side of the business, “Customers like that experience, and we can provide that for them. We will be offering our custom type of offering”, as another feature of iHeartRadio – which drew a lot of interest from the Goldman Sachs crowd.

http://www.radio-info.com/news/clear...d-cost-cutting

Sirius XM Senior VP of Communications Patrick Reilly says the company is "heartened" by the dismissal of the claims that sprang from 20 different states related to the satcaster's subscription management practices. But (says Bloomberg) Sirius lost on the question related to higher music royalty fees, following the merger of the two rivals.

http://www.radio-info.com/news/feder...ws-a-class-act



Matt Harrigan of Wunderlich Securities (pictured below) is in the process of analyzing the impact of this monumental decision . . .

Bloomberg

Patrick Reilly, a Sirius XM spokesman, said in an e-mailed statement that the company was “heartened” by the portions of the ruling in its favor.

“The surviving claims in this suit -- that the Sirius-XM merger lessened competition or led to a monopoly -- are matters that have already been passed upon by the United States Department of Justice and the Federal Communications Commission,” Reilly said. “With new competitors emerging almost daily, we continue to believe these claims are without merit and intend to vigorously defend this matter.”

http://www.bloomberg.com/news/2011-0...udge-says.html

Also what Spencer failed to mention in his post today is that both Karmazin and Frear stated at recent media conferences that the FCC may not even have the authority to extend the price freeze. Even if they wanted to. The 3 year agreement was voluntary. Very interesting indeed.

By Joseph Palenchar -- TWICE, 3/10/2011

Washington - Final comments on whether the Federal Communications Commission (FCC) should extend satellite-radio rate caps beyond July 28 are due tomorrow at the FCC.

During a Deutsche Bank conference earlier this week, SiriusXM executive VP/chief financial officer David Frear said the caps would "probably expire," claiming most of the comments sent to the FCC argued for expiration.

When it approved the merger, the FCC said the voluntary commitment to freeze prices, excluding passthroughs of any increase in music royalty fees, "would mitigate the harm from any post-merger price increases." The FCC also stated that "it did not know what the competitive landscape would be like in three years" and that it would seek public comment "on whether the price cap continues to be necessary in the public interest and whether the price cap should be modified, removed, or extended."

http://www.twice.com/article/465064-...hp?rssid=20310

Adweek -

In a letter to the FCC, Sirius XM argued that the cap should not be extended and questioned the FCC's authority to do so.

"The price cap was suggested by the applicants for a defined period of time. Government-set rates are something quite different,” Robert Pettit, counsel for Sirius XM, wrote. “How would the FCC independently justify setting the $12.95, or any other particular rate, as the appropriate rate for basic satellite subscriptions? And for what period of time? Moreover, what process would the commission employ for determining subscription rates or the period of time they would be in effect?"

An FCC spokesperson said the commission was "reviewing the request," declining further comment.

If the FCC decides to extend the cap, it would be a surprise, Rebecca Arbogast and David Kaut of Stifel Nicolaus, stated in a report. "It would still be surprising to us for this FCC to basically give Comcast-NBCU a pass on rate caps and then extend merger-related caps for a company such as Sirius, whose stock dropped as low as a nickel per share two years ago and which continues to struggle and has no new transaction pending," they wrote.


http://www.adweek.com/aw/content_dis...0a29244271da5b

I seriously doubt this has ever been done before by the FCC. And Mel and Frear both mentioned the FCC authority question publicly.

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Although "it will get more competitive in the car," Frear continued, "I like our chances." He pointed to the company gaining 20 million subscribers despite competition with terrestrial analog and HD Radio and Internet radio. He also pointed out that Internet music services "are going away from subscription to ad-based [business plans]." That development "makes me feel a little bit better," he said, because "we have done well against ad-based radio." Local adds, he added, "are not a meaningful part of our business, and most of the 2 percent of revenues coming from ads are coming from national ads.

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http://www.twice.com/article/465064-...hp?rssid=20310

How dare David Frear say something so outlandish! How dare he! Why just last week Tyler Savery informed us that both Pandora and Slacker "had already shifted to a subscription model."

http://www.freesmileys.org/smileys/s...beerfunnel.gif

Four-letter reply for Sirius XM subscriber.

Sirius XM Radio has already caught the attention of attorneys general in several states looking into how its call centers were treating subscribers, including refusing to allow people to cancel their service. But a case in Columbus, OH is a lot more personal.

When subscriber Aaron Kulwicki got into a dispute with a company operator, voices were raised and he ultimately cancelled his service. Then two weeks later he received a letter from Sirius XM with an expletive replacing his last name. Kulwicki tells WBNS-TV that it was “probably a disgruntled worker having a bad day at work” and he admits he found it “somewhat humorous” when the letter arrived. But what angered him was when he called to complain, he got nowhere after three tries. So he called his local TV station’s consumer reporter. Thanks to the WBNS-TV report, Kulwicki finally received an apology and a free year of satellite radio service for his trouble.

http://www.10tv.com/live/content/vid...ius-letter.xml

http://www.insideradio.com//Article....635&spid=32061

premarket at $1.69?

hm, I wonder where Irish is setting the markers today; eh, who cares . . . screw'em! (in the collective sense of course Irish)

You'd think they were giving out the secret formula for Coca Cola over there . . .

first a little theme music to set the mood:

http://www.youtube.com/watch?v=Dq1qyjNFgPA

ok, here we go:

The category is "Famous Quotes" . . . . "Famous Quotes"

Audience . . . shhhhhhh!



**** ** *** ****** ******


Contest Rules:

any SB forum member may play
must guess consonants only - no vowels
guesses must alternate between posters - no back-to-back guesses by same poster
guessing a letter already called loses turn
contestants may solve at any time
winner based on time/date stamp of guess - edit time/date will prevail
in event of tie we go head-to-head on new puzzle
johnnyirishxm or members of his extended website family not eligible

Ok Pat, I'll start. :) Give me an L!!
Somebody guess another letter, I don't want to have to play with myself. ;)

Julie

Give me a T and a U and a S. I hope im not bending the rules. :)

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Originally Posted by Havakasha

Give me a T and a U and a S. I hope im not bending the rules. :)

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Matt? . . . Matt Harrigan? . . . Is that you?




No Lloyd . . . you don't get 3 picks at one time! This is not the Wunderlich Securities Wheel of Fortune where you pick multiple price targets and hope one sticks . . .

I must go with your first choice which was "T" . . . and no more breaking the rules . . . and make sure you click the link.

Lets see . . . there are 3 "T's"


btw, when you click this link, try to imagine vanna white (seen down below) turning the blocks to reveal the letters
http://www.youtube.com/watch?v=zzTrYk0VWu0



T*LL ** T** ***T** ******

btw, don't worry about this little blip today . . . Last Day of the Month/Last Day of the Quarter, capito?

by next Tuesday the Ivy League Matchstick Men will be taking triple odds on the Pass-Line (dyodd).

I grabbed a quik 9,000 at $1.63 . . . didn't even need irish' lousy markers

In the mean time, relax . .. play some Wheel of Fortune

Tell Us All...

John will appreciate this---can i alternate between Havakasha and Lloyd?

Can i get a S? Sheepishly.

Anything to avoid being associated with Matt Harrigan.