Archive for the ‘Sirius XM (SIRI) News’ Category

Sirius XM Radio (NASDAQ:SIRI) Offers Live Broadcast of Preakness Stakes

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

By Demian Russian

Sirius XM Radio (NASDAQ:SIRI) - Preakness StakesSirius XM Radio (NASDAQ:SIRI) will offer listeners nationwide a live broadcast of the second jewel of thoroughbred racing’s Triple Crown, the Preakness Stakes, from Pimlico Race Course in Baltimore, Maryland, this Saturday, May 19th.

The broadcast will air on satellite radio nationwide from 5:00 to 7:00 pm ET on Sirius Radio channel 93 and XM Radio channel 209, and on the SportsZone channel (860) on SiriusXM.com and on the SiriusXM Internet Radio App for smartphones and other mobile devices. Read More

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Maxim Group Analyst John Tinker Raises Liberty Media (LMCA) Price Target to $138 on Sirius XM Radio (SIRI) Price Target Forecast of $3.20

Posted 16 May 2012 — by Demian Russian
Category Analyst Coverage, Investing, Media, Radio Industry, Sirius XM (SIRI) News, Trading

By Demian Russian
Maxim Group - Sirius XM Radio (NASDAQ:SIRI) - John Tinker - analyst
In a newly issued research report, Maxim Group Senior Media Analyst John Tinker reiterates his BUY rating on Liberty Media (NASDAQ:LMCA) and raises his price target on the equity from $106.00 to $138.00. Tinker attributes his upgraded price target on Liberty Media “mostly” to his Sirius XM Radio (NASDAQ:SIRI) price target forecast of $3.20.

Using our SIRI target price enables investors to gauge the upside of both stocks and assess their respective weighting. SIRI is the “pure play”, which is estimated to cumulatively generate $3B in free cash over the next 3 years; LMCA owns 40% (with the option to own 45.2%) of SIRI and is a more complicated indirect play, holding a portfolio of public and private media assets. 

– John Tinker, Senior Media Analyst, Maxim Group

Tinker’s $138.00 per share asset value for Liberty Media (LMCA) is based on $91.17 per share of value from public equities, of which Sirius XM Radio (SIRI) makes up $78.00 per share at $9.5 Billion (using his $3.20 price target), along with other public stocks such as Live Nation (NYSE:LYV) with a $14.00 price target and Viacom (NASDAQ:VIAB) with a $59.00 price target at their current market prices. Tinker factors in $32.41 per share from private and other holdings and $14.25 per share in net cash. Read More

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Sirius XM (NASDAQ:SIRI) Retail Product Partner VOXX Corporation (NASDAQ:VOXX) Expects Uptick in Satellite Radio Segment This Year

Posted 16 May 2012 — by Amy Gilroy
Category Media, Radio Industry, Sirius XM (SIRI) News, Technology

By Amy Gilroy
Sirius XM Radio (NASDAQ: SIRI) retail product partner VOXX International Corporation (NASDAQ:VOXX)
Sirius XM Radio (NASDAQ:SIRI) retail product partner Audiovox Electronics parent VOXX Corporation (NASDAQ:VOXX) announced gains in sales of OEM and traditional car audio for fiscal 2012 ended in February.

Aftermarket car audio and security sales rose but were offset by lower sales of Sirius XM satellite radio products and fulfillment of FLO TV products (discontinued last year).

The company recently reported an increase of nearly 5 percent in combined car audio, security and OEM sales for the fiscal year ended in February compared to a year earlier. OEM sales alone grew by 14.8 percent over the year earlier but were offset by a $20.8 million downturn in Sirius XM satellite radio/FLO TV fulfillment.

The Sirius XM satellite radio segment, however, is expected to see an increase this coming year, Pat Lavelle, VOXX President and CEO told analysts Tuesday. Read More

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Sirius XM (NASDAQ:SIRI) to Air Live Concert Celebrating Grupo Niche’s 30th Anniversary from Lehman Center for the Performing Arts

By Demian Russian

Sirius XM Radio (NASDAQ:SIRI) - Grupo Niche Sirius XM Radio (NASDAQ:SIRI) announced today that it will exclusively air Grupo Niche’s concert live from Lehman Center for the Performing Arts, on Saturday, May 19th, 2012, at 8:00 pm ET on SiriusXM Caliente (Sirius Radio and XM Radio channel 150). Sirius XM Radio joins in Grupo Niche’s celebration of their 30-year musical career with this national broadcast.

This special Grupo Niche concert is part of a series of performances from Lehman Center for the Performing Arts’ 2012 season being broadcast across multiple Sirius XM Radio channels. Lehman Center for the Performing Arts is located on the campus of Lehman College, City University of New York, at 250 Bedford Park Boulevard West in the Bronx.

Founded in 1979 and led by director, producer, and songwriter Jairo Varela, the internationally-renowned Grupo Niche continues to travel the world bringing their music to fans everywhere.  Known for its vigorous, up-tempo dance music as well as slower-paced romantic numbers that celebrate African influence, their many hits include “Buenaventura y Caney,” “Nuestro Sueño,” “Canoa Rancha,” and “Cali Pachanguero,” a hymn to their beloved city. Read More

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Sirius XM Radio (NASDAQ:SIRI) Celebrates Mother’s Day with Star-Studded Celebration

Posted 13 May 2012 — by Demian Russian
Category Media, Programming News, Radio Industry, Sirius XM (SIRI) News

By Demian Russian

Sirius XM Radio (NASDAQ:SIRI) - Mother’s Day - CelebrationCelebrity moms Rita Wilson, Blythe Danner, Nicole Sullivan, Tia Mowry, Kelly Bensimon and Lisa Rinna share their proudest moments, favorite memories, best pieces of motherly advice and personal stories of motherhood on SiriusXM’s ‘In Their Own Words: A Celebration of Motherhood’ Mother’s Day special.

‘In Their Own Words: A Celebration of Motherhood’ originally aired on SiriusXM Stars (Sirius Radio and XM Radio channel 107) on Friday, May 11th at 10:00 AM ET, with encore presentations airing Saturday, May 12th at 12:00 PM and 6:00 PM and on Mother’s Day, Sunday, May 13th, at 7:00 AM and 12:00 PM (all times Eastern). Read More

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National Soccer Hall of Famer John Harkes Joins Sirius XM Radio (NASDAQ:SIRI)

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

By Demian Russian

Sirius XM Radio (NASDAQ:SIRI) John Harkes

John Harkes

Sirius XM Radio (NASDAQ:SIRI) has brought National Soccer Hall of Famer John Harkes on board to host SiriusXM’s daily soccer talk show, The Football Show, which airs weekdays from 7:00-9:00 am ET on Sirius Radio channel 92 and XM Radio channel 207, as well as on the SiriusXM Internet Radio App for smartphones and mobile devices.

Harkes will host The Football Show multiple times each week, along with fellow soccer experts Charlie Stillitano and Neil Barnett. He will also contribute to SiriusXM’s pre- and post-match coverage.

Throughout my career I’ve seen first-hand the incredible passion soccer fans have for their sport. SiriusXM offers those fans an exceptional level of coverage, giving them a place to tune in and call in daily to talk about leagues, teams and players from around the world. I’m thrilled to be a part of the team and we’ll work every day to continue to bring SiriusXM listeners closer to the game

– John Harkes

Harkes played for the U.S. national team from 1987 to 2000, appeared in two FIFA World Cup tournaments (1990, 1994), and was named the team’s captain. The standout midfielder played 90 full internationals in his career with the U.S. team and was chosen as co-MVP of the 1995 Copa America in Uruguay. Harkes was among the first Americans to succeed at a high level in Europe, where he played for Sheffield Wednesday (1990-93), Derby County (1993-95) and West Ham United (1995-96). Read More

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Sirius XM Radio’s (NASDAQ:SIRI) NASCAR Radio to Broadcast Mother’s Day Special on May 12th

Posted 10 May 2012 — by Demian Russian
Category Media, Programming News, Radio Industry, Sirius XM (SIRI) News

By Demian Russian

Sirius XM Radio (NASDAQ:SIRI) - NASCAR - NASCAR RadioSirius XM Radio (NASDAQ:SIRI) will present a special NASCAR-themed Mother’s Day special, hosted by Claire B. Lang and Carol Bickford, mother of four-time NASCAR Sprint Cup Series champion Jeff Gordon, on Saturday, May 12th from 2:00-4:00 pm ET on SiriusXM NASCAR Radio (Sirius Radio and XM Radio channel 90).

Dialed In to Mother’s Day will air live from Darlington Raceway, site of this weekend’s races, and will celebrate the relationships between several of NASCAR’s star drivers and their mothers. Claire B. Lang and Carol Bickford will talk with a number of NASCAR moms about their childrens’ accomplishments on and off the track and share stories and memories of their journeys from racing’s junior circuits to the pinnacle of their sport — the NASCAR Sprint Cup Series. Read More

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Liberty Media (NASDAQ:LMCA) Buys Shares of Sirius XM Radio (NASDAQ:SIRI) on the Open Market

Posted 09 May 2012 — by Demian Russian
Category Investing, Media, Radio Industry, Sirius XM (SIRI) News, Trading

By Demian Russian

Sirius XM Radio (NASDAQ:SIRI) - Liberty Media (NASDAQ:LMCA)Liberty Media Corporation (NASDAQ:LMCA) disclosed in SEC filings made public today that they have acquired 60.35 million shares of Sirius XM Radio (NASDAQ:SIRI) via open market purchases made yesterday, Tuesday, May 8th, and today, Wednesday May 9th. The shares were purchased at prices between $2.075 and $2.19. According to the SEC filing, Liberty Media purchased the 60,350,000 shares of Sirius XM stock for a”weighted average price” of $2.126.

This move comes fresh off the heels of Liberty Media’s (LMCA) application filing requesting “de facto” control of Sirius XM Radio’s licenses being dismissed by the Federal Communications Commission’s (FCC) last Friday and Liberty Media announcing yesterday morning that they had entered into a forward purchase contract, to close in the third quarter, for 302 million shares of Sirius XM’s stock at a price of $2.15 per share, for a total notional amount of $650 million, which would result in Liberty Media’s ownership stake in Sirius XM increasing to 45.2%. Liberty’s open market purchases on Tuesday and Wednesday now ups their stake to ~46.2%. Read More

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Sirius XM Radio (NASDAQ:SIRI) to Broadcast Olga Tañón Concert Live from Lehman Center for the Performing Arts

Posted 09 May 2012 — by Demian Russian
Category Media, Programming News, Radio Industry, Sirius XM (SIRI) News
Sirius XM Radio (NASDAQ: SIRI) - Olga Tanon

Olga Tañón

By Demian Russian

Sirius XM Radio (NASDAQ:SIRI) announced today that it will air Olga Tañón’s concert live from Lehman Center for the Performing Arts, in celebration of Mother’s Day weekend, on Saturday, May 12th, 2012, at 8:00 pm ET on SiriusXM Caliente (Sirius Radio and XM Radio channel 150). Read More

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Professor of Law Christopher S. Harrison on Sirius XM Radio (NASDAQ:SIRI) and Liberty Media (NASDAQ:LMCA) — Tonight at 8:00PM ET

Posted 08 May 2012 — by Demian Russian
Category Investing, Media, Radio Industry, Sirius XM (SIRI) News, Trading

By Demian Russian

Sirius XM Radio (NASDAQ:SIRI) - Liberty Media (NASDAQ:LMCA) On the heels of the Federal Communications Commission’s (FCC) dismissal of Liberty Media Corporation’s (NASDAQ:LMCA) application filing seeking “de facto” control of Sirius XM Radio’s (NASDAQ:SIRI) licenses on Friday, Liberty Media announced this morning that they have entered into a forward purchase contract for 302 million shares of Sirius XM stock at a price of $2.15 per share. Liberty Media said that this equates to “a total notional amount of $650 million” and that “if physically settled” would result in Liberty Media’s ownership stake in Sirius XM rising to 45.2% on an “as-converted basis.”

Liberty Media President and CEO Greg Maffei stated on Liberty’s Q1 conference call with analysts this morning that the company entered into this forward purchase contract to increase its stake in Sirius XM Radio because “we thought it was attractive financially and because we thought it increased some of our options around what the ultimate relationship with Sirius XM is.” Read More

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National Latino Broadcasting and Sirius XM Radio (NASDAQ:SIRI) Launch ‘Latin Grammy En Vivo’

Posted 07 May 2012 — by Demian Russian
Category Media, Programming News, Radio Industry, Sirius XM (SIRI) News

By Demian Russian

Sirius XM Radio (NASDAQ:SIRI) - Latin Grammy - En VivoNational Latino Broadcasting (NLB) launches a new show on Sirius XM Radio (NASDAQ:SIRI) today. Latin Grammy En Vivo, will air daily on SiriusXM En Vivo (Sirius Radio and XM Radio channel 147) at 4:00 pm Eastern. The new show, hosted by industry veteran Kike Posada, is produced by National Latino Broadcasting and The Latin Recording Academy, the non-profit organization that recognizes excellence in the recorded arts and sciences through its annual Latin Grammy Awards. The Latin Grammy is the most prestigious award in Latin music.

In the short time it has been on the air, En Vivo has become a favorite of Hispanics, and non-Hispanics alike, looking for a channel where Latin music is more than a preference. The sheer diversity of artists and genres that will be present on this show makes it truly exciting, and the treasures that will be airing directly from The Latin Recording Academy’s vault is what will make this endeavor unique and unprecedented.

– Nelson Albareda, President and CEO of NLB

Latin Grammy En Vivo features a wide variety of music genres, including music by Latin Grammy-nominated and award winning artists. Due to National Latino Broadcasting’s exclusive agreement with The Latin Recording Academy, Sirius XM Radio’s En Vivo channel has the rights to air Latin Grammy content daily, including historical content from The Latin Recording Academy’s archives. Sirius XM’s Latin Grammy En Vivo is the official satellite radio partner of the Latin Grammy Awards. Read More

Sirius XM Radio (NASDAQ:SIRI): FCC Dismisses Liberty Media (NASDAQ:LMCA) Filing for De Facto Control

Posted 04 May 2012 — by Demian Russian
Category Investing, Media, Radio Industry, Sirius XM (SIRI) News, Trading

By Demian Russian

Federal Communications Commission (FCC) - Sirius XM Radio (NASDAQ:SIRI)The Federal Communications Commission (FCC) has issued a reply to Liberty Media’s (NASDAQ:LMCA) March 20th application filing for consent to transfer de facto control of Sirius XM Radio (NASDAQ:SIRI). The FCC dismisses the applications as being “unacceptable for filing.”

We find Liberty Media’s applications to be unacceptable for filing because they are defective with respect to “execution” and “other matters of a formal character.” Specifically, Liberty Media was unable to obtain the passwords, signatures, and other necessary information from Sirius to properly file an electronic transfer of control application. Furthermore, we conclude that a waiver of basic filing requirements is not warranted, as the facts disclosed in the referenced applications are not sufficient to establish that Liberty Media intends to take actions, such as conversion of preferred to common stock and installation of a board majority, that would constitute exercise of de facto or de jure control. We therefore dismiss Liberty Media’s applications.

– The Federal Communications Commission

Liberty Media’s applications with the FCC sought approval for a transfer of de facto control based upon the expiration of the restrictions in the 2009 investment agreement with Sirius XM Radio, in which they took an approximate 40% take in the satellite radio service provider. Liberty Media stated in its applications that Sirius XM Radio would not provide the company with its passwords, signatures and other information required to file an electronic transfer of control application. Read More