US pay-radio broadcaster SiriusXM has lost a Class Action lawsuit. The action was heard before a California federal court where SiriusXM was accused of misleading subscribers about the terms of a ‘lifetime subscription’. The action said that listeners signed up on ‘Lifetime Plans’ or ‘Lifetime Subscriptions’ deals and yet had not received the promised services. […]
US pay-radio broadcaster SiriusXM has reported its Q4 and full year numbers. It added 909,000 net new self-pay subscribers during the year and taking the total to 30.9 million. Revenues were $8.04 billion (FY, up 3 percent) and $2.19 billion (up 6 percent) for the quarter ending December 31st. SiriusXM returned about $1.81 billion overll […]
Pay-radio’s SiriusXM’s brand-new satellite, launched only a few weeks ago, has suffered an in-orbit malfunction and while the full extent of the damage is uncertain the craft is likely to be declared a total loss. SXM-7 was launched on December 13th by SpaceX. In a formal statement to the Securities & Exchange Commission (SEC) the […]
Pay-radio company SiriusXM told the NASDAQ exchange that it added 909,000 new subscribers to taking the operator’s total self-pay numbers to 30.9 million “and beating its most recent guidance”. Moreover, SiriusXM says it expects to meet or exceed its overall 2020 guidance for revenues and cash-flow. As far as 2021 is concerned SiriusXM says it […]
SpaceX carried its 25th mission of the year into orbit on Sunday December 13th at 17.30pm GMT. The client is pay-radio operator SiriusXM (SXM-7). The original scheduled launch was for Friday December 11th but was scrubbed because of technical issues. The satellite was built for SiriusXM by Maxar Technologies. It is one of two satellites […]
Pay-radio operator SiriusXM enjoyed a 2 per cent rise on its share price after it announced that ‘shock-jock’ Howard Stern had renewed his contract with the operator. Stern has signed on for another five years while Stern’s archive of audio and video material will be exclusive to SiriusXM for seven years. “As the leading audio […]
Radio ‘shock jock’ Howard Stern looks set to sign a new contract with pay-radio operator SiriusXM. Such is his fame – and popularity with subscribing fans – that he looks like winning a reward of more than $2 million per week. However, on his morning show on October 7th he said the two sides are […]
Back in 2009 the already deeply financially stressed US pay-radio broadcaster SiriusXM was contemplating bankruptcy. It had a $1 billion debt obligation and no way to repay the borrowings. Sirius Satellite Radio and its rival XM Satellite Radio had already merged their loss-making operations (which wrapped in July 2008) in an attempt to save cash, […]
The rumour mill surrounding the departure of Jim Meyer, CEO at pay-radio operator SiriusXM and the broadcaster’s CFO (David Frear) announced at the same time, has ramped up in earnest. One influential analyst, Jessica Reif Ehrlich from the Bank of America, describes the changes as a “significant shake-up” and says that a move by John […]
US pay-radio operator SiriusXM is losing its CEO and CFO. CEO James Meyer will retire on December 31st while CFO David Frear “will be pursuing other opportunities” after 17 years at the company. Jennifer Witz, currently president of sale, marketing & operations at the company, will take over from Meyer, while the radio broadcaster has […]