Sirius Weekly Thread Week of 8-24-2009

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Originally Posted by john

I am not sure but if you go back through his post it says it in there somewhere I also think he did mention before that it has something to do with radio (writting abou) so in a way johnny was right. I think he is also recalling the "homer" post where he talks about it but his memory is not as good as mine. (take that beeeaaatch, JohnnyIrishXM)

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I'll reverse roles and play John to Homer here,John is right,i do remember him talking about not writing articles here or anywhere,and also remember him talking about working at a radio station or stations,he knows alot about programming and demographics and bussiness side of radio..JMHO

Take THAT Nimrod!!!!

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Originally Posted by john

Also nice to read from you again chicagogary. I have been banned again from the Seeking Alpha site because of the crap Brandon M said about the liberty deal being reverse, I was really terrible in response to people that agreed with him on that and as you know the dumber they are, the worse words I use. None of the old timers left there to get me back this time.

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John, don't take this the wrong way, but I am really starting to enjoy your
posts. Actually have been for a while. Wrong first impression of you. Either I'm toughening up or your softening up, either way I value your insights.
Just please don't use your nasty words on me, I wouldn't be able to keep up. :)
Besides, I couldn't handle it. :D

Julie

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Originally Posted by john

I am not really up on this but if I recall the highest is 8% and the increases will come every year until they get to that 8%.

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Your right John,here is the agreement from may 10Q,it was settled after this.


Copyright Royalty Board Proceeding . In January 2008, the Copyright Royalty Board, or CRB, of the Library of Congress issued its decision regarding the royalty rate payable by XM and SIRIUS under the statutory license covering the performance of sound recordings over their satellite digital audio radio services for the six-year period starting January 1, 2007 and ending December 31, 2012. Under the terms of the CRB’s decision, we paid a royalty of 6.0% of gross revenues, subject to certain exclusions, for 2007 and 2008, we will pay 6.5% for 2009, 7.0% for 2010, 7.5% for 2011 and 8.0% for 2012. SoundExchange has appealed the decision of the CRB to the United States Court of Appeals for the District of Columbia Circuit. Oral arguments were heard in March 2009. The parties are awaiting the Court’s decision in this matter.



http://investor.sirius.com/secfiling...3125-09-105734

Page 25

At these rates it comes to 120 mil spent in 07 and also 08,based on 2 bil in gross rev.
09 based on 2.4 bil it's 156 mil paid and going higher,so it is not out of line for royalty fee of $2 and $1 per month to month subs,all who pay right now,that is also .03 to .04 EPS in those years that will go to bottom line..

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Originally Posted by socalrunningfool

You get this much better than me. "Someone" is holding this price up???? Three days in a row we test .69 and back up we go. Remeber after CC we plodded along in the .50 range and then bang. Possible again. Not buying SRK's valuation take. This stock doesn't have any idea what it's valuation is.

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Im only day trading in these ranges. First long term rebuy back is at .61 cents. Next one is .581. Then I hold for .505. After that, I have one more powder if that .45 gap fills. I am holding no over core since .62 cents. So I missed the boat for full value. Made some of it back trading though.

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Originally Posted by john

proactiv, chicagogary is an old timer, look at the join date. He has been aboard for sometime now.


Also nice to read from you again chicagogary. I have been banned again from the Seeking Alpha site because of the crap Brandon M said about the liberty deal being reverse, I was really terrible in response to people that agreed with him on that and as you know the dumber they are, the worse words I use. None of the old timers left there to get me back this time.

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Hey, you're right, John.. somehow I saw the low post number for chicagogary and mis-read the join date as August '09. Duh..

Glad to meet you at any rate, chicagogary!

here is the decision...on royalty board amonts...


The US Court of Appeals for the District of Columbia Circuit today issued a decision basically upholding the royalty rates set by the Copyright Royalty Board due under Section 114 of the Copyright Act by satellite radio operators for the public performance of sound recordings. The CRB decision, setting royalties for the years of 2007 to 2012, established rates that grew from 6% to 8% over the six year term. As we explained in our post, here, the Board looked at the the public interest factors set out by Section 801(b) of the Copyright Act, factors not applicable to Internet Radio royalties, in reaching the determination these royalties. Particularly important was the factor which took into account the potential impact of the royalties on the stability of the businesses that would be subject to the royalty, resulting in a reduction of the perceived fair market value of the royalty from what the board determined to be about 13% of gross revenues to the 6-8% final royalty set by the Board. The Court upheld the Board's reasoning, rejecting SoundExchange's challenge to the decision, though the Court did remand the case to the Board to decide the proper allocation of the royalty to the ephemeral rights covered by Section 112 of the Copyright Act.

http://www.broadcastlawblog.com/2009...titutionality/

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Originally Posted by socalrunningfool

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Actually Johnny, he stated that he IS a journalist on a yahoo post. That is why he said that he is very picky regarding articles facts etc. I would post the link but it was yesterday. Relmoor knows more about it, as he was posting to homer on the same thread.

So I of course playing the dumb socalidiot. Wondered where he wrote for. He does write for someone.

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Brandon, Homer, and me got into a minor flame war on yahoo. I regret it. Lost my temper.
My rant was classic though, you should go read it, pretty funny.

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Originally Posted by JohnnyIrishXM

I'll reverse roles and play John to Homer here,John is right,i do remember him talking about not writing articles here or anywhere,and also remember him talking about working at a radio station or stations,he knows alot about programming and demographics and bussiness side of radio..JMHO

Take THAT Nimrod!!!!

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Ho that was just a low blow. The only thing is would it not be you are going to play homer to john (not john to homer). I mean nobody believes me until it is confirmed by homer or others. Then they say, ho your right homer, why did I see that before. I crack up everytime I see that.

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Originally Posted by relmor2003

Brandon, Homer, and me got into a minor flame war on yahoo. I regret it. Lost my temper.
My rant was classic though, you should go read it, pretty funny.

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I'm not finding it Relmor. You don't happen to have a link hanging around
do you? That board changes so fast, it's hard to keep up.
I'll go make the popcorn. :D

Julie

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Originally Posted by julietoo

John, don't take this the wrong way, but I am really starting to enjoy your
posts. Actually have been for a while. Wrong first impression of you. Either I'm toughening up or your softening up, either way I value your insights.
Just please don't use your nasty words on me, I wouldn't be able to keep up. :)
Besides, I couldn't handle it. :D

Julie

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No worries that is what have said before it takes a while to get the sense of humor I put out. Johnny got it right off the bat.