Posts Tagged ‘Brian “Newman” Rayl’

Sirius XM (SIRI): Satellite Radio Round Table — Tonight At 9:00PM ET

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Posted 13 Dec 2010 — by Demian Russian
Category Sirius XM (SIRI) News

By Demian Russian

Sirius XM (NASDAQ:SIRI) Satellite Radio Round TableThe December 2010 edition of Satellite Radio Round Table airs live tonight, Monday, December 13th, at 9:00PM ET. With everything that has been happening as of late in the world of Sirius XM Satellite Radio (NASDAQ:SIRI) since last month’s round table, there will be much to discuss. From the recently announced NFL deal to the new Howard Stern contract, listeners will hear unique and varied perspective.

Satellite Radio Playground and SiriusBuzz will be joining forces again tonight to discuss all of the latest in the Satellite Radio landscape. This month’s show will be hosted and moderated by Spencer Osborne of SiriusBuzz. Spencer will by joined by Satellite Radio Playground’s Demian Russian and Bryan “Newman” Rayl.

Listeners are also welcome to call in and join the live discussion by dialing (347) 945-7995. Tonight’s Satellite Radio Round Table will air live at 8:00PM ET. Following the live broadcast, the show will be available for streaming or download as an Mp3 file or via iTunes. Read More

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Maxim Group Senior Media Analyst John Tinker To Discuss Sirius XM (SIRI) On Playground Radio — Tonight At 8:00PM ET

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Posted 17 Nov 2010 — by Demian Russian
Category Sirius XM (SIRI) News

By Demian Russian

Maxim Group - John Tinker - Sirius XMMaxim Group Senior Media Analyst John Tinker will be the special guest on Playground Radio tonight, Wednesday, November 17th, at 8:00PM Eastern. During tonight’s live, exclusive interview, Mr. Tinker will be sharing his thoughts on Sirius XM Radio’s (NASDAQ: SIRI) ongoing contract negotiations with Howard Stern, as well as his views on the Satellite Radio provider’s current and future prospects in the media space.

Tinker initiated coverage of the Satellite Radio provider back on August 18th, with a BUY rating and a $1.40 price target, when the company’s stock was still trading under a $1.00. In his August 18th initiation report, Mr. Tinker laid out a compelling case for the attractiveness of Sirius XM’s valuation. He compared Sirius XM’s EBITDA growth rate to mature media companies and compared Sirius XM’s EV to EBITDA multiple to Netflix (NASDAQ: NFLX) to show Sirius XM’s discounted multiple. Following Sirius XM’s reported third quarter financial and operating results, Tinker reiterated his BUY rating and raised his price target from $1.40 to $1.80. In that report, he noted that the Sirius XM was still trading at a discount to Netflix (NASDAQ:NFLX) and said that “SIRI should trade at a premium due to its long-term 24% EBTIDA growth rate, which implies an EBITDA PEG of 0.8x.”

John Tinker, Maxim Group Senior Media Analyst
Mr. Tinker has worked extensively in the media business as an equity analyst, private equity investor and fund manager. Prior to joining Maxim, he managed Steamer Capital, an investment firm. From 1996-1998, he was Managing Director at Sandler Media’s private equity fund. Previously, Mr. Tinker was the media/internet/entertainment analyst at ThinkPanmure, where he was the only analyst to recommend Google at its IPO price. In the 1990′s he co-founded Montgomery Securities (now Bank of America) media & communications division after stints at Furman Selz and Morgan Stanley. He graduated from Exeter College, Oxford University with an M.A. in Politics, Philosophy and Economics.

John Tinker will be interviewed by Satellite Radio Playground’s Demian Russian and Brian “Newman” Rayl. After tonight’s interview with Mr. Tinker, a discussion about all of latest happenings in the world of Satellite Radio will follow. Listeners are welcome to call in and join the live discussion at (347) 934-0239. Playground Radio airs live every Wednesday at 8:00PM Eastern. Read More

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Sirius XM (SIRI) Reports Positive Q3 Earnings

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Posted 05 Nov 2010 — by Brian Newman Rayl
Category Sirius XM (SIRI) News

Sirius XM - SIRI

By Brian “Newman” Rayl

During a live conference call yesterday, Sirius XM Radio (NASDAQ: SIRI) reported numbers that beat analyst estimates in nearly every category and raised guidance for full-year 2010. The conference call had many highlights and there were a number of metrics that were all time records for the company.

  • Adjusted revenue was up 15% year-over-year to a record $722.5 million (up from 629.6 million in the same quarter in 2009).
  • Adjusted EBITDA (Earnings before interest, tax, depreciation, and amortization) was a record $170 million, up 60% year-over-year from 106 million.
  • Net subscriber additions were 334,727 (a number that was pre-announced back in October), up from 102,295 in 2009.
  • Free Cash Flow (FCF) of 62 million was recorded in this quarter of 2010, up 132% from 26.7 million in 2009.
  • Net income was 67.9 million or a penny per share in Q3 2010 compared to a loss of 151.5 million or a lost of 4 cents per share in 2009.

One of the biggest things that most listeners were anticipating was an announcement regarding the Howard Stern contract. Sirius XM CEO Mel Karmazin had announced during the Q2 conference call that they were hopeful that an announcement would be made before the conference call yesterday. It was reported that they are still in active negotiations with Stern, who’s contract is up at the end of this year, but there is nothing to announce at this time. He did stress that after the recent bond offering and with current cash in hand, the company had over $500,000 to invest in bringing any content that they felt would improve the user experience to Satellite Radio. Read More

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Live Coverage Of Sirius XM’s (SIRI) Q3 Results

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Posted 01 Nov 2010 — by Demian Russian
Category Sirius XM (SIRI) News

by Demian Russian

Sirius XM - SIRI - Satellite RadioSirius XM Radio (NASDAQ:SIRI) will be releasing third quarter 2010 financial and operating results on Thursday, November 4th, and the conference call to discuss those results and field analyst’s questions is scheduled to begin at 8:00AM ET. Satellite Radio Playground and SiriusBuzz are pleased to announce that they will be joining forces again to deliver live coverage of Sirius XM’s Q3 2010 conference call. The team will be utilizing CoverItLive to deliver streaming news from the call — as it happens.

Whether you chose to view the live coverage at SatelliteRadioPlayground.com or SiriusBuzz.com, you will be treated to the exact same streaming content. This collaborative effort gives Satellite Radio investors and enthusiasts an important aspect that had been missing in the sector — varied perspective in one place. This special event allows you to garner instant reactions while listening to the call. Get news, opinions and insights from Satellite Radio Playground’s Demian Russian and Brian “Newman” Rayl, with Spencer Osborne from SiriusBuzz.

Join Satellite Radio Playground and SiriusBuzz for the most in-depth analysis and dynamic discussion on Sirius XM’s Q3 results. From the moment Sirius XM’s Q3 numbers first hit the wires, to the last question from the analysts, it will be covered. The live coverage will begin Thursday, November 4th at 6:00AM EST, two hours before Sirius XM’s Q3 conference call begins at 8:00AM, and run through the entire call and beyond. Read More

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Wunderlich Securities’ Matthew Harrigan To Discuss Sirius XM (SIRI) Tonight At 8:00PM ET

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Posted 27 Oct 2010 — by Demian Russian
Category Sirius XM (SIRI) News

by Demian Russian

Wunderlich SecuritiesWunderlich Securities Media Analyst, Matthew Harrigan, will be weighing in on Sirius XM Radio (NASDAQ:SIRI) in a live, exclusive interview with Playground Radio tonight, Wednesday, October 27th, at 8:00PM Eastern. Mr. Harrigan upgraded Sirius XM to a BUY and raised his price target to $1.50 in early August. SIRI has appreciated in value close to 40% since his August 5th upgrade report.

Matthew HarriganMatthew Harrigan has fourteen years experience as an equity and high yield media analyst, focusing on both U.S. and international companies. He has been recognized multiple times on the Wall Street Journal Best on the Street compilation and was also an Institutional Investor ranked analyst for both Latin American media and for boutique coverage. Prior to joining Wunderlich Securities, Inc., Harrigan was a Senior Vice President at Ferris, Baker Watts and a Managing Director at Janco Partners. He was previously a Vice President at JP Morgan Securities and at Bear Stearns. Harrigan graduated with Distinction from The Wharton School with a concentration in International Finance and magna cum laude from Brown University where he was a Rhodes Scholarship Candidate. He worked in the International Capital Markets and Swap Derivatives areas at Salomon Brothers prior to attending graduate School at Wharton and at Stanford Law School.

Mr. Harrigan originally initiated coverage of Sirius XM Radio for Wunderlich Securities last January, with a BUY rating and a $1.00 price target. Last March he downgraded to a HOLD while still maintaining his $1.00 price target, as a result of concerns with the OEM sector and the economy as a whole. Harrigan then raised his price target to $1.25 in May, the day before Sirius XM reported their Q1 results, while still maintaining his HOLD rating. Following Sirius XM’s second quarter results, Mr. Harrigan upgraded his rating on Sirius XM from a HOLD to a BUY, also raising his price target from $1.25 to $1.50. Read More

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Sirius XM (SIRI): Satellite Radio Round Table Airs Tonight At 8:00 PM ET

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Posted 19 Oct 2010 — by Demian Russian
Category Sirius XM (SIRI) News

by Demian Russian

Playground RadioThe October 2010 edition of Satellite Radio Round Table airs live tonight, Tuesday, October 19th, at 8:00PM ET. Satellite Radio Playground and SiriusBuzz will be joining forces once again tonight to bring Sirius XM Radio (NASDAQ:SIRI) fans and investors a unique and varied perspective of the Satellite Radio landscape. Join Demian Russian, Brian “Newman” Rayl, and Spencer Osbourne as we discuss all of the recent happenings in the world of Sirius XM Radio and take a look at what the Q3 conference call may bring.

Sirius XM’s stock has seen a nice run as of late. How long will it last? When will we hear an announcement about Howard Stern? What are the analysts saying? Is Sirius XM’s new rebate promotion and new television ad campaign a positive? Tune in as we discuss all of these topics and more.

Last month’s Satellite Radio Roundtable was hosted by Satellite Radio Playground on Playground Radio. SiriusBuzz will be hosting this month’s Satellite Radio Round Table on their Satellite Radio News radio program. Spencer Osborne from SiriusBuzz will be moderating this month’s round table discussion. Tonight’s Satellite Radio Round Table will air live on Satellite Radio News at 8:00PM ET. Following the live broadcast, the show will be available for streaming or download as an Mp3 file or via iTunes. Listeners who would like to participate in tonight’s live discussion can do so by dialing (347) 945-7995. Read More

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Sirius XM (SIRI) CEO Mel Karmazin To Be Interviewed By Bloomberg Television

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Posted 18 Oct 2010 — by Brian Newman Rayl
Category Sirius XM (SIRI) News

By Brian “Newman” Rayl

Satellite Radio Playground - Sirius XM (SIRI) Radio's CEO Mel Karmazin to be interviewed on Bloomberg TVSirius XM (NASDAQ: SIRI) Radio’s Mel Karmazin will be interviewed by Betty Liu on Bloomberg Television tomorrow, Tuesday October 19th at 8:45 AM Eastern time. Karmazin is expected to talk about the outlook for satellite radio, how new media such as Pandora and Slacker, HD Radio, and the Apple (NASDAQ: AAPL) iPhone and iPod is impacting their business, as well as the state of the U.S. economy. Perhaps we may even get a sneak peak at what Satellite Radio 2.0 may offer?

Betty Liu is the anchor of Bloomberg Television’s “In the Loop with Betty Liu” from 8:00 -10:00 AM Eastern, a daily business morning news program which covers the opening of the U.S. markets and financial, economic, and political news from around the world. Liu has been listed on the “Top 30 buisness journalists under 30 list” three years in a row and was nominated for a Pulitzer Prize in 2000 for a series of articles on immigrant labor in the Southern United States. Read More

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Sirius XM (SIRI): TrueCar Analyst Jesse Toprak To Discuss Auto Sales Tonight At 8:00PM ET

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Posted 13 Oct 2010 — by Demian Russian
Category Sirius XM (SIRI) News

by Demian Russian

Playground RadioJesse Toprak, Vice President of Industry Trends & Insights at TrueCar, Inc., will be discussing U.S. auto sales and will also be giving his thoughts on Sirius XM Radio (NASDAQ: SIRI) in a live, exclusive interview on Playground Radio tonight, Wednesday, October 13th, at 8:00PM Eastern. With auto sales so important to Sirius XM’s subscriber growth and business model, the current state as well as the future outlook for U.S. auto sales will be discussed.

Tonight’s program will be hosted by Demian Russian and Brian “Newman” Rayl. After tonight’s interview with TrueCar.com analyst Jesse Toprak, we will be discussing all of the latest happenings in the world of Satellite Radio. Listeners are welcome to call in and join the live discussion by dialing (347) 934-0239.

Playground Radio can be heard live Wednesdays at 8:00PM Eastern. Previous episodes of Playground Radio are available for streaming or download, as an Mp3 file or via iTunes. Further information about Playground Radio can be found at the Playground Radio Home Page. Tonight’s episode of Playground Radio can be heard live via the following link:

Playground Radio — Jesse Toprak, Vice President of Industry Trends & Insights at TrueCar, Inc.

Disclosure: Long SIRI

Contact the author: DemianRussian@SatelliteRadioPlayground.com

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Sirius XM (SIRI): Auto Sales Equals Subscribers

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Posted 12 Oct 2010 — by Brian Newman Rayl
Category Sirius XM (SIRI) News

By Brian “Newman” Rayl

Satellite Radio Playground: Sirius XM (SIRI): Car Sales Equals SubscribersWhile the media focuses on the potential for a double-dip recession and a depressed economy, advancements and improvements are quietly being made in several sectors. The automotive industry is one such sector that is quietly, albeit slowly, improving. A great way to play the improving auto sector is through Sirius XM (NASDAQ: SIRI) Radio.

While this quarter saw auto sales fall slightly quarter-over-quarter, that is a normal phenomenon for this time of year. Automakers are still maintaining good numbers going into the end of the year, and Sirius XM is going to benefit nicely because of it. A trend has developed in both the months of July and August where the top sellers have been luxury brand vehicles like Tata Motor’s (NYSE: TTM) Jaguar and Porsche, as well as large SUVs and pickup trucks, such as the Ford (NYSE: F) F-150. These luxury model sales are inherently positive for Sirius XM, because they have a higher take rate and penetration rate — meaning they generate more subscribers.

In the second quarter of 2010, automakers sold a total of 3,068,723 vehicles, which resulted in a total of 583,249 subscriber additions for the quarter. Unfortunately, economic factors are going to play into the subscriber additions for the third quarter. Starting in July 2009, the United States government implemented the “Cash For Clunkers” program, which pushed lower priced, fuel efficient vehicles in exchange for a government stimulus. The biggest sellers were vehicles such as the Toyota (NYSE: TM) Corolla and the Honda (NYSE: HMC) Civic, which only have 3 month trial subscriptions, but other high sellers, including the Ford Focus, Ford Escape, and the Dodge Caliber, all come with 1 year trial subscriptions. None of these vehicles are considered high take-rate vehicles, meaning there could be an impact to increase churn when many of these trial subscriptions came to an end this quarter. Read More

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Sirius XM (SIRI) Raises Subscriber Guidance

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Posted 01 Oct 2010 — by Brian Newman Rayl
Category Sirius XM (SIRI) News

Sirius XM Subscriber Forecast

by Brain “Newman” Rayl

Sirius XM Radio’s (SIRI) CEO Mel Karmazin announced today at the Liberty Media Corporation 2010 Investor/Analyst Meeting in New York City that the Satellite Radio provider now expects to have ~20.1 million subscribers by year-end 2010. This would represent an all-time high for the company. Read More

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Sirius XM Radio (SIRI): Opie & Anthony Sign Two-Year Deal

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Posted 01 Oct 2010 — by Brian Newman Rayl
Category Sirius XM (SIRI) News

Opie & Anthony

by Brian “Newman” Rayl

Opie & Anthony have finally come to an agreement with Sirius XM Radio (NASDAQ: SIRI). Coming down to the final hour, Opie & Anthony signed a two-year deal with Sirius XM. Opie & Anthony broke the news live on the air this morning. The exact details of the contract were not disclosed, but they apparently are getting paid “about the same” as they were from their original XM contract.

Apparently, Opie & Anthony wanted more than money. They wanted a larger studio size for instance, and voiced their disappointment and frustration with not getting all of what they wanted. When comparing how they were treated by XM to how they are now being treated by Sirius XM, Opie said, “They made us really happy at XM with a lot of extra things.” Read More

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Opie and Anthony Sign New Contract with Sirius XM (SIRI)?

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Posted 30 Sep 2010 — by Brian Newman Rayl
Category Sirius XM (SIRI) News

By Brian “Newman” Rayl

Satellite Radio Playground: Opie and Anthony Sign New Contract with Sirius XM (SIRI)?In a developing story, Orbitcast has reported that Opie and Anthony may have just signed a 5 year deal with Sirius XM (NASDAQ: SIRI). The article is very clear that this has not been verified yet, but according to the article, rumors were circulating on Twitter yesterday that an agreement for a 5 year contract had been reached. We all know how rumors get started on social media outlets like Twitter and Facebook and that is no where near confirmation. However, according to a screenshot of the Opie and Anthony Chat Room, Anthony wrote “We signed”.

Sirius XM is actively engaged with contract negotiations with multiple parties, including Howard Stern, Opie and Anthony, the NFL, and others. Hopefully this is the first in a string of announcements that will ensure that Sirius XM has premium content for years to come.

We will release more details when they are available.

Position: Long SIRI
Contact the author at Newman@SatelliteRadioPlayground.com

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