Sirius XM Radio (NASDAQ:SIRI) CFO David Frear to Present at the Citi Global Internet, Media and Telecommunications Conference on January 9th

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Posted 02 Jan 2013 — by Demian Russian
Category Investing, Media, Radio Industry, Sirius XM (SIRI) News, Trading

Citigroup - Sirius XM Radio Inc. (NASDAQ:SIRI)

By Demian Russian

Sirius XM Radio Inc. (NASDAQ:SIRI) announced today that its Executive Vice President and Chief Financial Officer, David Frear, is scheduled to present at the Citi Global Internet, Media and Telecommunications Conference, which will be held in Las Vegas, Nevada, on Wednesday, January 9th, 2013 at approx. 9:00AM Pacific Time. Read More

Sirius XM Radio (NASDAQ:SIRI) Celebrates New Year’s Eve with a Wide Array of Live Concerts and DJ Sets Broadcast Across Multiple Channels

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Posted 31 Dec 2012 — by Demian Russian
Category Media, Programming News, Radio Industry, Sirius XM (SIRI) News

Sirius XM Radio (NASDAQ:SIRI) - New Year's Eve programming

By Demian Russian

Sirius XM Radio (NASDAQ:SIRI)  - New Year's NationSirius XM Radio Inc. (NASDAQ:SIRI) will celebrate New Year’s Eve  along with a special New Year’s Eve music channel, along with a wide array of live concerts and DJ sets broadcast across multiple channels.

Sirius XM’s special New Year’s Eve channel, New Year’s Nation (Sirius Radio and XM Radio channel 3), will feature the biggest, upbeat party hits from a variety of music genres heard all across Sirius XM’ Radio’s music channel lineup. Sirius XM will broadcast this special, limited run channel from Monday, December 31st at 3:00 pm ET through Tuesday, January 1st at 6:00 pm ET.

“No matter what your New Year’s Eve tradition, you can experience the best music from various genres in the car, at home or on the move. All of us at SiriusXM wish our listeners a happy, healthy and music-filled New Year.”

– Scott Greenstein, President and Chief Content Officer, SiriusXM Radio

Sirius XM Radio will be broadcasting many notable live concerts and DJ sets from all across the country this evening. Read More

Sirius XM Radio (NASDAQ:SIRI) to Broadcast Special Tribute to Jenni Rivera

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Posted 20 Dec 2012 — by Demian Russian
Category Media, Programming News, Radio Industry, Sirius XM (SIRI) News

By Demian Russian

Sirius XM Radio Inc. (NASDAQ:SIRI) - Jenni Rivera Sirius XM Radio Inc. (NASDAQ:SIRI) announced today that it will air a special tribute to celebrate the life and music of Jenni Rivera.

The 24-hour tribute airs Saturday, December 22nd, 2012 at 12:01 am ET through 11:59 pm ET on SiriusXM Águila (SiriusXM Radio channel 510) and will honor the life and award-winning musical career of Jenni Rivera, ‘La Diva de la Banda,’ the most well-known female singer of the banda genre, who passed away on December 9th, 2012.

This special tribute will also feature musicians of the Regional Mexican genre, such as Vizzio and Devoción Norteña, among others, sharing their personal memories, anecdotes, condolences and more. Read More

Sirius XM Radio (NASDAQ:SIRI): Wunderlich Securities Media Analyst Matthew Harrigan Maintains HOLD Rating, $2.80 Price Target

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Posted 19 Dec 2012 — by Demian Russian
Category Analyst Coverage, Investing, Media, Radio Industry, Sirius XM (SIRI) News, Trading

By Demian Russian

Sirius XM (NASDAQ:SIRI) - Wunderlich Securities - Matthew Harrigan - analystWith a newly issued research report, Wunderlich Securities Media Analyst Matthew Harrigan reiterates his previous HOLD rating and a 12-18 month price target of $2.80 on Sirius XM Radio Inc. (NASDAQ:SIRI). Harrigan saw Sirius XM avoiding “major fallout” with the recently rendered Copyright Royalty Board (CRB) decision setting Sirius XM’s royalty rates through 2017. Sirius XM’s new percentage rate on gross revenues paid to SoundExchange will increase from 8% to 9% in 2013 and increase .05% annually, arriving at 11% in 2017.

“Sirius XM Radio certainly avoided major fallout in Friday’s Copyright Royalty Board decision.”

– Matthew Harrigan, Wunderlich Securities

In light of the fact that SoundExchange had been looking for Sirius XM Radio’s royalty rate percentage to be reset to 13% of gross revenues in 2013 and then subsequently increase to 20% in 2017, Harrigan views Sirius XM’s new royalty rate structure handed down by the CRB as being “quite manageable.” Sirius XM was seeking a royalty rate percentage reduction to 6%, with subsequent hikes following through 2017. While he views the possibilities of Sirius XM passing this new additional royalty cost through to its subscribers as being credible, Harrigan expects Sirius XM to be “restrained in implementing a formal pass-through.” Read More

Sirius XM Radio (NASDAQ:SIRI) Announces New Interim CEO

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Posted 19 Dec 2012 — by Demian Russian
Category Investing, Media, Radio Industry, Sirius XM (SIRI) News, Trading

By Demian Russian

Sirius XM Radio (NASDAQ:SIRI) - James E. Meyer - CEOSirius XM Radio Inc. (NASDAQ:SIRI) announces a new interim CEO this morning. The company’s President of Sales and Operations, James E. Meyer, has been appointed Sirius XM’s new interim Chief Executive Officer, effective immediately. Meyer will also joins Sirius XM’s Board of Directors. Sirius XM’s longtime CEO Mel Karmazin, who had previously indicated that he would not be renewing his employment contract which expires at the end of the year, but also that he would remain as Sirius XM’s CEO during a one month transition period and step down as CEO on February 1st, 2013, with this announcement relinquished his role as Sirius XM’s CEO and resigned from the company’s Board of Directors in tandem.

“I’m honored to lead SiriusXM during this important time for our Company. SiriusXM is a great business and I look forward to working with our talented management team to continue to deliver the best content and service to our subscribers, while enhancing value to our shareholders.”

– James E. Meyer, CEO, Sirius XM Radio

James Meyer has served as Sirius XM Radio’s President of Sales and Operations since May 2004. Previously, as President of Aegis Ventures, a general management consulting company, Meyer provided consultant support for Sirius XM Radio. Meyer has also held a number of senior management positions in consumer electronics, including a position as Senior Executive Vice President at Digital Media Solutions for Thomson, a worldwide leader in consumer electronics. Read More

Car Audio Wins in Florida Supreme Court

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Posted 19 Dec 2012 — by Amy Gilroy
Category Automotive, Consumer Electronics, Radio Industry

By Amy Gilroy

Richard CatalanoThe Florida Supreme Court made it legal to crank up your car stereo in the Sunshine State, vindicating a Florida lawyer who was cited for blasting a Justin Timberlake song back in 2007.

Clearly, they ticketed the wrong guy.

On Wednesday, the court ruled unanimously, on the basis of free speech, to overturn the state’s law banning loud noise audible 25 feet away from a car. The seven justices called the old statute “invalid because it is an unreasonable restriction on the freedom of expression,” reported Naplesnews.com.

Justice Jorge Labarga noted the old law exempted businesses and political messages from the noise ban, but not general motorists, which was deemed a violation of the First Amendment. Read More

Sirius XM Radio (NASDAQ:SIRI) Broadcasts “Doctor Radio Reports: Healing After The School Shootings in Connecticut”

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Posted 17 Dec 2012 — by Demian Russian
Category Media, Programming News, Radio Industry, Sirius XM (SIRI) News

By Demian Russian

Sirius XM Radio (NASDAQ:SIRI) - Connecticut School Shooting - Doctor RadioOn a very timely and special edition of Sirius XM Radio’s (NASDAQ:SIRIDoctor Radio Reports, host and veteran journalist Perri Peltz, along with a team of world-class doctors and experts — including Glenn Saxe, MD, the Arnold Simon Professor and Chair, Department of Child and Adolescent Psychiatry, director of the NYU Child Study Center, a physician scientist with a focus on the psychiatric consequences of traumatic events on children — will take calls and examine how to begin a recovery after the tragic events that took place on Friday.

SiriusXM’s Doctor Radio Reports: Healing After the School Shootings in Connecticut will air live on December 17th from 11:00 am – 12:00 pm ET on SiriusXM Doctor Radio (Sirius and XM Radio channel 81). Following the live broadcast, Sirius XM will air encore presentations of this special Doctor Radio Reports today at 3:00 pm and 8:00 ET and on December 18th at 10:00 am ET. Listeners nationwide are encouraged to join the live discussion by calling 1-877-NYU-DOCS (877-698-3627), emailing docs@siriusxm.com, or sending a question or comment via Twitter @NYUDocs. Read More

Time for Pandora (NYSE:P) to Face the Music

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Posted 13 Dec 2012 — by Xavier Brenner
Category Internet Radio, Investing, Media, Radio Industry, Sirius XM (SIRI) News, Trading

By Xavier Brenner

Pandora Media, Inc. (NYSE:P)Pandora Media Inc. (NYSE:P), the hugely popular internet radio service, has been taking a beating from the tech press and investors. While users love its mobile app and deep reservoir of musical genres, analysts have cast doubt over whether the company has a sustainable business model. Hence the 17% drop in Pandora’s stock this year:

P Chart

P data by YCharts

Pandora gets its revenue from online and mobile advertising as well as a premium subscription service that lets users listen to music without ads. However, the company faces two big strategic challenges: runaway royalty costs, and Apple Inc. (NASDAQ:AAPL). Read More

Sirius XM Radio (NASDAQ:SIRI) to Broadcast Special All-Star Benefit Concert to Aid Hurricane Sandy Victims — Tonight at 7:30 pm ET

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Posted 12 Dec 2012 — by Demian Russian
Category Media, Programming News, Radio Industry, Sirius XM (SIRI) News

Sirius XM Radio Inc. (NASDAQ:SIRI) - 12-12-12 - concert

By Demian Russian

Sirius XM Radio Inc. (NASDAQ:SIRI) will broadcast ’12-12-12′, a special all-star benefit concert to assist the victims of Hurricane Sandy, tonight, December 12th, 2012, at 7:30 pm ET. Read More

Sirius XM Radio (NASDAQ:SIRI) Launches Live, Weekly Call-in Advice/Humor Show Hosted by Comedian Jim Norton

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Posted 11 Dec 2012 — by Demian Russian
Category Internet Radio, Media, Programming News, Radio Industry, Sirius XM (SIRI) News

By Demian Russian

Sirius XM Radio (NASDAQ:SIRI) - Jim NortonSirius XM Radio Inc. (NASDAQ:SIRI) announced today that Jim Norton—comedian, bestselling author and co-host of the Opie & Anthony show—will host The Jim Norton Show, a live, weekly call-in show on which he will offer advice mixed with humor on life, sex, love, work, and whatever else listeners want help with.

“From years of being on the road and on the air, Jim Norton has seen it all, and he’s never afraid to give his honest, unflinching opinion on any topic. On ‘The Jim Norton Show,’ he will turn the same sharp eye and mind that he often turns on himself on listeners and guests, and the results are sure to be uncomfortable for some—and hilarious for all. We’re excited to expand Jim’s on-air presence on our platform with this new show.”

– Scott Greenstein, President and Chief Content Officer, SiriusXM Radio

Jim Norton also hosts Norton’s Obsessed on Ozzy’s Boneyard, a nightly music show on Ozzy Osbourne’s SiriusXM channel Ozzy’s Boneyard (Sirius Radio and XM Radio channel 38) on which he plays his favorite classic hard rock tunes weeknights at 9:00 pm ET. Read More