Two major Class Actions are naming Liberty Media and CEO Greg Maffei in their allegations. One Class Action by shareholders in TripAdvisor, itself with a major shareholder in the shape of Liberty Media, can proceed with their lawsuit. The claim centres on a move by TripAdvisor from its existing Delaware domicile to Nevada and alleged […]
North American pay-radio giant SiriusXM saw a 1.9 per cent fall in its Q1 revenues to $2.14 billion (€1.95bn). It ended the quarter with 34.02 million paid subscribers with 347,000 net additions. Specifically, SiriusXM enjoyed revenues of $1.7 billion (the balance of the $2.14 billion coming mostly from its Pandora streaming service at $462 million). […]
Pay-radio operator SiriusXM is cutting its workforce by 8 per cent affecting some 475 positions. SiriusXM’s CEO Jennifer Witz used an email to staff saying that the layoffs come as SiriusXM is “entering into a new phase” of its business on top of “today’s uncertain economic environment.” In November 2022 Witz said that SiriusXM as […]
US pay-radio operator SiriusXM is to focus more on streaming its multi-channel content, and away from its traditional satellite delivery system. SiriusXM is already streaming, and bought the Pandora operation in 2019 to build up its online efforts. It ended 2022 with 47.9 million active Pandora users. CFO Sean Sullivan, speaking at Deutsche Bank’s Annual […]
US pay-radio operator SiriusXM has announced its Q4 and full-year 2022 operating and financial results, including revenue of $2.28 billion (€2.09bn) and $9 billion, respectively. SiriusXM’s revenue was flat in the quarter compared to the prior year period, and increased by 4 per cent in 2022 compared to the prior year – this dragged down […]
SiriusXM, the US subscription radio service, is planning to cut its headcount amid a slowdown in growth. CEO Jennifer Witz informed staff that job reductions were possible in order to address economic uncertainty, including a long-term slowdown in sales, reports Bloomberg. SiriusXM reportedly has around 5,600 employees including those at the legacy satellite radio service, […]
North American pay-radio operator SiriusXM has ordered two powerful geostationary satellites to be built by Maxar Technologies. The new craft (SXM-11 and SXM-12) now join two other satellites (SXM-9 and 10) already under construction by Maxar. SXM-9 and 10 were ordered in 2021. SXM-11 and 12 will launch around 2026-27. The new craft will have […]
SiriusXM’s financials for its Q3 were healthy, but net additional subscribers were at just 187,000. This time last year they were 616,000. This still means the North American pay-radio broadcaster has 32.2 million paid users (and a total of 34.2 million when promotional subscribers are added). SiriusXM also owns the Pandora subscription music service and […]
US pay-radio service SiriusXM has announced the addition of Dan Abrams’ TV network, Law&Crime, to its streaming channel lineup. The simulcast of the TV network features daily live trial coverage, expert legal analysis, and original true-crime stories. The channel is available to stream immediately on Law&Crime channel 793. Law&Crime features live trials along with expert […]
North American pay-radio service, SiriusXM, and Mitsubishi Motors have renewed their long-term agreement which extends their relationship until 2028. Buyers of Mitsubishi vehicles will continue to receive a three-month trial subscription to the SiriusXM Platinum Plan with the purchase or lease of any new, certified pre-owned and eligible pre-owned SiriusXM-equipped Mitsubishi vehicle. With the SiriusXM […]