Here’s a conundrum: Pay-radio operator Sirius-XM is making very useful operating profits in its US division (and minority stakes in its Canadian operation also help out). Last week, Sirius-XM paid off $681 million of debt almost a year ahead of time, such is its sound financial position. John Malone shrewdly bailed the business out from […]
Pay-radio operator Sirius-XM says its satellite radios are now installed in more than 50 million vehicles, although not all are subscribing to its services. Sirius-XM units are now factory installed in close to 70 per cent of all new vehicles sold in the USA. “We are proud that SiriusXM has reached this major milestone since […]
Liberty Media has made no secret that it wants to absorb US pay-radio broadcaster Sirius-XM, and eventually consolidate it into one of its companies. However, a group of disgruntled existing shareholder have issued writs in a Delaware court arguing that Sirius’s existing directors are not doing enough to resist Liberty’s advances. Specifically, their action argues […]
Liberty Media is looking to take greater control over pay-radio operator Sirius-XM. Liberty bought another 94 million shares on August 17th, costing some $234 million, and taking its stake to 48 per cent. Liberty has also informed US regulator the Federal Communications Commission (FCC) that it plans to take its stake to beyond 50 per […]
North American pay-radio operator Sirius-XM reported Q2 growth of 622,000 taking their total subscriber count to almost 23 million. Revenues saw similar growth, up 13 per cent on the same period last year to $838 million. “SiriusXM continued its exceptional performance in the second quarter, adding over 600,000 subscribers, which represents a post-merger record, despite […]
The Football Association (FA) has agreed a new six season deal with BBC Sport and TalkSport for the radio commentary rights for all men’s and women’s FA Cup and International matches along with the Community Shield. The deal covers the qualification campaigns for the 2014 and 2018 World Cups, and the 2016 European Championships. The […]
Tim Davie, the BBC’s director of audio and music, says the BBC will continue analogue transmissions, and called for radio manufacturers to continue to include analogue reception in their new devices. “We should be selling radios with DAB and FM [reception] so that they are future-proof.” Davie, speaking at a London digital radio conference, said […]
Pay-radio operator Sirius-XM added more than 600,000 net new subscribers in the quarter-year to June 30th, taking their overall subscriber total to an impressive 22.9 million. The numbers were some 38 per cent up on the same Q2 period last year (452,147) and means that the radio company has now added more than 1 million […]
Google is getting help from shock jock Howard Stern to revive its Internet TV software, which has languished since its debut 19 months ago. Sirius XM will make all of its programming, including Howard Stern, available on Google TV, through a new app that will let listeners pause live programmes and play back up to […]
Guardian Media Group has sold its radio business, which includes the Real Radio and Smooth Radio networks, to Global Radio for an estimated price of £50 million. GMG, which has built up the UK’s third-largest radio group over the past 13 years, signed the deal with Global Radio after receiving a number of offers for […]