More bad news for Sirius XM Radio. DEI Holdings (Polk Audio) today announced that they are no longer developing devices for the Satellite Radio market. I assume this new is what caused another drop (which is happening Daily) to Sirius XM Radio’s Stock. SIRI Closed out the day at 0.260.

Directed Electronics, an operating unit of DEI Holdings, Inc. (DEIX), today announced that it has entered into an agreement with
SIRIUS XM Radio outlining key terms for winding down their business
together by January 31, 2009, the expiration date of the current
distribution agreement.

Jim Minarik, DEI Holdings’ President and CEO stated, “We became the
primary retail distribution partner for what was then SIRIUS SATELLITE
RADIO in 2004, and are proud of the results we have achieved by growing
SIRIUS’ satellite radio retail share from approximately 20% to over 60%
during the past four years. However, based on the large working capital
commitment required for this business, as well as a strategic decision
on our part to focus on our core security and entertainment businesses,
we will not be extending our current agreement with SIRIUS XM when it
expires on January 31, 2009. We have enjoyed an excellent partnership
with SIRIUS over the past four years and expect to continue working
closely with them to ensure the smoothest possible transition to their
new distribution partner between now and early 2009.”

The
agreement specifies that SIRIUS or its new distribution partner will
purchase substantially all remaining satellite radio receiver inventory
from Directed in the first quarter of 2009 and assume full
responsibility for all product returns and warranty costs after January
31, 2009, regardless of when the product was sold.

Mike
Simmons, President of Directed Electronics said, “While our role as
SIRIUS’ primary retail partner over the past four years has benefited
Directed, it has also diluted our team’s focus on our core security and
entertainment businesses, sold principally under our Viper, Python,
Clifford, and Orion brand names. Going forward, we are excited to be
able to once again dedicate 100% of our attention to improving the
experience, service, and innovation we deliver to our customers.”

Kevin
Duffy, DEI Holdings’, CFO commented, “Exiting the satellite radio
business will allow us to focus on our core categories and also
increase our ability to pay down debt by recovering the $20 to $25
million of working capital we have committed to this business.”

DEI Holdings, Polk Audio, Sirius XM Stock

SIRIUS XM Radio announced today that it will broadcast
extensive live coverage of election night 2008 with diverse programming
across 14 channels from November 3rd through November 5th.

For XM subscribers, Oprah & Friends will broadcast live special
programming and perspectives from the channel’s wide variety of hosts
and experts, as well as reports from the Obama and McCain headquarters.
Gayle King will broadcast live in New York on Election Day and in
Chicago the morning after, and Dr. Maya Angelou will interview renowned
journalists and 2008 presidential and vice-presidential debate
moderators Tom Brokaw and Gwen Ifill. (SIRIUS subscribers can get the
Oprah & Friends channel through the “Best of XM.”)

On
Election Day, XM’s POTUS ‘08 will broadcast live reports from the site
of Senator Obama’s rally in Chicago and from Senator McCain’s rally in
Phoenix. Joe Madison will broadcast live from Grant Park in Chicago on
XM’s The Power. Jamie Foxx will cover the election from all sides on
SIRIUS’ The Foxxhole. SIRIUS Patriot’s Andrew Wilkow, SIRIUS Left’s
Mark Thompson and Indie Talk’s Ron Silver will deliver coverage from
the left, right and center. SIRIUS OutQ will offer perspective for the
LGBT community, and SIRIUS’ The Catholic Channel will provide breaking
election news with analysis and perspective from the Catholic voter.
SIRIUS XM Radio will also provide live streaming coverage from the
major cable news networks including CNN, CNN En Espanol and FOX NEWS,
and National Public Radio (NPR).

Below are details of SIRIUS XM Radio’s Election ‘08 coverage:

OPRAH & FRIENDS - XM channel 156 and SIRIUS channel 195

Oprah
& Friends will have wall-to-wall coverage on this historic Election
Day with regular news updates, live reports from Grant Park in Chicago
and McCain headquarters in Phoenix, and special programming and
perspective from the channel’s wide variety of hosts and experts.

Gayle
King will broadcast live beginning at 8 am ET November 4th, taking the
temperature of voters as polls open across the country. At 8 am ET
November 5th, King will deliver the latest election results and share
her personal thoughts on the election.

On November 4th at 10 am
ET and 7 PM ET Dr. Maya Angelou will interview renowned journalists and
2008 presidential and vice-presidential debate moderators Tom Brokaw
and Gwen Ifill to get their thoughts on this history-making campaign.
Dr. Angelou will also reflect on the hard fought battles by minorities
and women to gain this right. Jean Chatzky will address the
ramifications the election has on the economy with two live broadcasts
November 4th at 11 am ET and 6 pm ET, and November 5th at 11 am ET.
November 4th at 7 am ET Dr. Oz will host “Presidential Voices,” a
special presidential retrospective edition of his show. Other hosts
participating in special election coverage include Rabbi Shmuley, Dr.
Robin Smith, and Holly and Rodney Peete. Marianne Williamson will be
live from 10 pm-midnight ET as returns come in, with reaction,
reflections, and live calls from listeners.

POTUS ‘08 - XM channel 130

POTUS
‘08, the first and only radio channel devoted to a presidential
election, has followed the candidates every day and every hour since
September 2007, providing 24-hour news updates, candidate interviews,
complete speeches, debate coverage, polling results, fundraising
reports, and live call-in shows. POTUS ‘08 will hit the ground in
Chicago and Phoenix - HQ for Obama and McCain - presenting special
reports beginning November 3rd. On Election Day at 4 pm ET, Rebecca
Roberts will host “1600″ live from Chicago’s Grant Park, site of Barack
Obama’s rally while Cameron Gray will host from McCain headquarters.
POTUS ‘08 Anchors Joe Mathieu, Adrienne Mitchell and Tim Farley will
co-anchor coverage from Washington, DC beginning at 6 pm ET, featuring
Reid Wilson of Real Clear Politics with state-by-state analysis and
coverage continues through the overnight hours with a special edition
of “Morning Briefing” featuring listener reaction.

THE FOXXHOLE - SIRIUS channel 106

Jamie
Foxx’s passion for politics has exploded this year on his Foxxhole
radio channel, hosting live call-in shows on debate nights and
broadcasting live from Invesco Field as Obama accepted his historic
nomination. Foxx and his Foxxhole crew will cover the election from all
sides - from the humorous to the serious - with live coverage beginning
at 4 pm PT on Election Day and continuing into the night.

THE POWER - XM channel 169

Joe
Madison “The Black Eagle” will broadcast live from Grant Park in
Chicago beginning at 7 pm ET on election night. Joe will bring
listeners a complete play-by-play from the Obama camp as election night
unfolds with special interviews and conversations with the voters. On
November 5th, Joe will broadcast live with post-election coverage from
the Oprah XM Radio studios in Chicago.

SIRIUS LEFT - SIRIUS channel 146

SIRIUS
Left will provide continuous election coverage all day on November 4th.
Beginning at 8 pm ET, Mark Thompson will host an election night
roundtable with Theola Labbe from The Washington Post, Brian Debose
from The Washington Times and journalist/activist Rick Rosendall. Other
guests will include political scientist Dr. Ronald Walters and SIRIUS
Left hosts Alex Bennett and Thom Hartmann. Coverage continues November
5th with hosts Bill Press, Alex Bennett, Thom Hartmann and Lynn
Samuels.

SIRIUS PATRIOT - SIRIUS channel 144

SIRIUS
Patriot will provide continuous live coverage on Election Day with
hosts including Bill Bennett, Mike Church, Andrew Wilkow, Sean Hannity,
and Mark Levin. Beginning at 9 pm ET, Cam & Company from NRA
News.com will host an election night special featuring live updates
from battleground states, roundtable discussions with special
contributors Jim Geraghty of National Review Online and former Ohio
Secretary of State Ken Blackwell. In addition SIRIUS Patriot will
provide analysis and commentary from hosts Andrew Wilkow and Mike
Church. The channel’s live coverage will continue after a winner is
projected, allowing SIRIUS Patriot listeners a chance to share their
reaction and opinions through the early morning hours.

INDIE TALK - SIRIUS channel 110

Indie
Talk will provide continuous coverage on Election Day with opinions and
polling experiences from the much coveted Independent voter. Beginning
at 8 pm ET, Indie Talk’s roundtable coverage will start with Vinnie
Politan, Ron Silver, Pete Dominick and John Devore looking at numbers
and talking about the outcomes with guests and newsmakers. Indie Talk
will also present “blogcasts” every 20 minutes with important updates
on what’s being said in the blogosphere as well as live updates from
the McCain and Obama camps. Indie Talk will remain live through the
overnight hours for continuous discussion and reaction once a winner is
projected.

SIRIUS OUTQ - SIRIUS channel 109

SIRIUS
OutQ, the nation’s only channel devoted to the GLBT community, will
keep listeners updated throughout Election Day with in-depth discussion
during The Michelangelo Signorile Show at 2 pm ET. At 10 pm ET, SIRIUS
OutQ hosts and listeners participate in a roundtable discussion
covering the presidential election as well as critical ballot
initiatives on gay marriage in several states. SIRIUS OutQ News
Director Tim Curran will provide breaking news with correspondents on
the ground in key states.

THE CATHOLIC CHANNEL - SIRIUS channel 159

Beginning
on November 3rd, SIRIUS’ The Catholic Channel will provide
comprehensive coverage of the 2008 Election with overviews of key
congressional races across the country as well as the presidential
race. On Election Day, the channel will provide listeners with updates
throughout the day of exit polling and election results. Listeners will
be encouraged to call in and share their thoughts. On November 5th, the
channel’s coverage will focus on breaking down the election results
with a special focus on the Catholic voter.

CNN (SIRIUS 132, XM 122), CNN En Espanol (SIRIUS 92, XM 126), FOX NEWS (SIRIUS 131, XM 121), NPR (SIRIUS 134), XMPR (133)

SIRIUS
XM Radio subscribers will have access to live streaming election night
coverage from the major cable news networks as well as National Public
Radio (NPR).

The following is being issued by “Save
Sirius”:

A group of incensed shareholders, over 500 strong and growing, have banned
together and accused SIRIUS XM management of unjustly enriching themselves at
the expense of shareholders.

A derivative suit on behalf of shareholders has been filed in the United
States District Court, Central District of California, Southern Division.
Case number SACV08-00790CJC

The case accuses management of violations of the FEDERAL RACKETEER
INFLUENCED AND CORRUPT ORGANIZATIONS ACT (RICO), BREACH OF THE FIDUCIARY DUTY
AND THE SHERMAN ACT.

This suit seeks to prevent management from further damaging its
shareholders with massive amounts of additional dilution (8 billion shares in
the fully diluted float) and as much as a 1 for 50 reverse stock split.

“We are working to gain control of our company by seeking to remove
current members of the board as well as top executive Mel Karmazin,” said

Michael Hartleib on behalf of Save Sirius and its members. In a September
15th 2008 Wall Street Journal article written by Sarah McBride, she states,
“Given Sirius XM’s low stock price, Mr. Karmazin said he would love to take
the company private. But given the state of the credit markets, ‘How do you
find [the money] today?’ If the company were generating positive cash flow,
which he expects it to do for the full year in 2009, privatization would
become much more feasible, he says.”

It is clear that management under Mr. Karmazin’s leadership has an agenda
to steal this company from its shareholders.

Given Management’s history of:

    — Locking their shareholders into the longest merger delay in history;
    — Preventing the Corporation from seeking alternatives or potential
       suitors;
    — Failing to commercially introduce interoperable radios;
    — Their insistence on going forward with the merger at any and all costs;
    — Consummating the merger issuing 300 million shares to the financiers of
       XM’s debt to be sold short on the open market

 Mr. Karmazin and the board have severely damaged shareholder value in violation of their fiduciary duties. Shareholders have lost over 90% of their value under Mr. Karmazin’s leadership.

“In light of the aforementioned, it is clear that they have lost sight of their obligations to shareholders and have breached and will continue to breach their fiduciary duties in the future. We, as a group, will not stand for this and will use any means possible to prevent and preclude them from stealing this company from its rightful owners — we the shareholders,” said Michael Hartleib, on behalf of Save Sirius and its members.

     Contact:
     Michael Hartleib
     (949) 795-0580
     savesirius@gmail.com

SOURCE Save Sirius

save sirius, sirius lawsuit, sirius sued, sirius xm lawsuit

SIRIUS XM Radio announced the broadcast of a new 100%
commercial-free music channel dedicated to rock icons Led Zeppelin on
SIRIUS and XM. Led Zeppelin Radio will be broadcast on SIRIUS channel
12 and XM channel 39 and will launch on Saturday, November 1 starting
at 6:00 pm ET through December 31.

“Led Zeppelin is one of the most important rock bands in history,”
said Scott Greenstein, President and Chief Content Officer, SIRIUS XM
Radio. “We are thrilled to broadcast Led Zeppelin Radio for our
subscribers and provide Led Zeppelin fans the only place to go for a
comprehensive experience of their music and interviews with one of
rock’s most iconic bands.”

Led
Zeppelin Radio will be a non-stop broadcast of virtually every song
from Led Zeppelin’s music catalog. The channel will also provide Led
Zeppelin fans with archived interviews with Jimmy Page, Robert Plant,
John Paul Jones and John Bonham and unique content that celebrates Led
Zeppelin’s musical contribution to rock music. This channel will
provide fans exclusive access to the sounds and insights that have made
Led Zeppelin rock legends.

Led Zeppelin Radio is the latest limited run artist-branded channel
dedicated to iconic musicians offered by SIRIUS XM Radio. In addition
to the current broadcast of Bruce Springsteen’s E Street Radio and
AC/DC Radio, SIRIUS XM has previously offered limited run channels such
as Mandatory Metallica, Rolling Stones Radio, The Spectrum of John
Mellencamp, The Who Channel, Radio R.E.M., Coldplay Nation, ABBA Radio,
Neil Diamond Radio, Jay-Z Nation, Michael Jackson’s XM Thriller, George
Strait’s Strait Country, Garth Brooks Radio, Kenny Chesney’s No Shoe
Radio, and Duran Duran’s Red Carpet Radio among many others.

For more information on SIRIUS and XM, please visit www.sirius.com and
www.xmradio.com.

Led Zeppelin Radio, Led Zeppelin

XM Delivers More Than 1000 Live Regular Season Games, Plus Every Game of The NBA Playoffs and The Finals. Games Will Be Available On SIRIUS With “Best Of XM” Programming Option. NBA Season Tips Off October 28

The National Basketball Association and SIRIUS XM Radio announced today that SIRIUS XM will deliver live NBA games to satellite radio subscribers around the country throughout the 2008-09 season.

The NBA and satellite radio are continuing a partnership that dates
back to 2003, when the NBA became the first major professional sports
league to provide live games on SIRIUS.

SIRIUS XM broadcasts
more live NBA games than any other radio outlet. Starting with the
Opening Night games tomorrow, XM listeners will have access to more
than 1,000 regular season games, plus every game of the NBA Playoffs
and The Finals. For most SIRIUS listeners, select NBA games will be
available through the “Best of XM” programming package.

“Since
2003 the NBA has been one of the premier programming elements on
satellite radio,” said Steve Cohen, SIRIUS XM’s SVP of Sports
Programming. “The merger of SIRIUS XM gives us the opportunity to
deliver NBA games to more listeners than ever before. XM and SIRIUS
subscribers from coast to coast will have access to live NBA action
every night, from the tip-off of the regular season through every
second of the playoffs.”

“As the first major professional
sports league to provide live games on satellite radio, we have always
embraced all forms of media to reach our fans, wherever they may
consume our game,” said Danny Meiseles, Senior Vice President,
Production, Programming, and Broadcasting, NBA. “Now with NBA games
available to both XM and SIRIUS subscribers, even more fans will be
able to follow our game throughout the season.”

Beginning
tomorrow, XM and SIRIUS subscribers will have access to the Opening
Night tripleheader featuring the reigning NBA Champion Boston Celtics
hosting the Cleveland Cavaliers at 8:00 pm ET (XM channel 231, SIRIUS
channel 215), plus the Milwaukee Bucks @ the Chicago Bulls at 8:30 pm
ET (XM channel 232, SIRIUS channel 216) and the Portland Trailblazers @
the L.A. Lakers at 10:30 pm ET (XM channel 233, SIRIUS channel 217).

SIRIUS
XM will utilize NBA team radio broadcasts to air regular season games
from every NBA team. Throughout the regular season, SIRIUS XM will, in
most cases, provide the home team’s local radio broadcast. During the
NBA Playoffs and The Finals, home team, visiting team and national
radio broadcasts will be offered.

For a
schedule of upcoming NBA games on XM visit www.xmradio.com. For more information on adding “The Best of XM” channels to a SIRIUS subscription and a schedule of NBA games on SIRIUS visit www.sirius.com.

NBA on XM, NBA on Sirius, Sirius XM NBA

SIRIUS XM Radio today announced that it will air
extensive spooky, creative and classic Halloween programming. Two
entire channels, SIRIUS Scream 113 and XM Gore 134, will be devoted to
broadcasting spooky Halloween sound effects, as well as the Alfred
Hitchcock Radio channel devoted to suspenseful radio dramas, including
three directed by the Hollywood master himself.

Additional Halloween programming spanning various channels on SIRIUS
will include Martha Stewart Living Radio’s tips for everything from
creating the most innovative costumes and parties to designing “green”
trick-or-treat bags; Doctor Radio’s tips on how to stay safe on
Halloween along with emergency room stories from Halloween night; the
ultimate cheesy Halloween costume contest on Cosmo Radio, and SIRIUS’
RadioClassics will broadcast the original War of the Worlds during its
original 1938 date and timeslot, as well as other classic radio dramas
starring such Hollywood horror legends as Boris Karloff and Peter Lorre.

XM Kids’ Pumpkin Jam is an all-day Halloween special enjoyable for
the whole family; Cinemagic will go full-fledge into Halloween mode
with classic horror film clips and interviews galore on the Halloween
Horror Festival, and XM Radio Classics will present XM listeners with a
week of Halloween classics, spanning from fearfully funny to
panic-inducing broadcasts.

Sample the treats in the SIRIUS Halloween lineup by listening to spooky audio clips, reading tips from Doctor Radio and more at http://www.sirius.com/halloween.

BusinessWeek has an interesting article discussing Sirius XM Radio’s more than $1 Billion Debt they will have next year.

Sirius XM Radio has more than $1 billion in debt coming due next year, and it
doesn’t have the money, at least not yet. Mel
Karmazin has tried to reassure investors that the company will find the
necessary funding, but the questions keep coming. “Am I going to lend
the company the money? I hope not,” he joked last month. “I hope we
don’t get to that.”

Despite the merger and a combined 18.6 million subscribers, Sirius XM
has seen its stock tumble from 3.94 last December to 31¢ as of Oct. 22.

Analyst James Ratcliffe of Barclays Capital
estimates that Sirius needs to raise $750 million to $800 million to
cover its debt repayments, programming costs, and capital spending for
next year.

Sirius says it can continue to fund operations and avoid filing for
bankruptcy. Executives expect to be able to raise money to meet debt
payments due in February and they anticipate that existing lenders will
be flexible about an additional $350 million due in May. “We are very
confident of taking care of the [$270] million in February, and we are
confident the banks will extend the maturity in May,” says David J.
Frear, chief financial officer for Sirius XM Radio.

[Via: BusinessWeek]

sirius stock, sirius bankruptcy, sirius debt

SIRIUS XM Radio announced today that XM Radio will offer listeners nationwide the most comprehensive radio coverage of the 2008 World Series, with four different live broadcasts of every game and up-to-the moment news and analysis on the 24-hour baseball talk channel, MLB Home Plate (XM channel 175).

XM will offer game calls in English and Spanish, plus the official team radio broadcasts of both the American League Champion Tampa Bay Rays and National League Champion Philadelphia Phillies. Starting with Game 1 on Wednesday, October 22, and throughout the series, XM subscribers can choose from:
– Tampa Bay Rays broadcast - XM channel 176
– Philadelphia Phillies broadcast - XM channel 183
– ESPN Radio broadcast - XM channel 189
– Spanish language broadcast - XM channel 174

In addition to live play-by-play coverage, XM’s 24 hour baseball talk channel, MLB Home Plate (XM channel 175), will offer fans the latest news and analysis from a panel of expert hosts that includes Cal Ripken Jr., Bill Ripken, Rob Dibble, Kevin Kennedy, Buck Martinez, Eric Byrnes, Charley Steiner, Mark Patrick, Chuck Wilson, Ronnie Lane, Joe Castellano, Holden Kushner and others.

MLB Home Plate will broadcast live from the AL and NL ballparks before and after every game, offering baseball fans game previews and post-game interviews from the field and clubhouses with players, managers and coaches.

Prior to games 1 and 2, SIRIUS XM Radio personality Chris ‘Mad Dog’ Russo will host special World Series editions of his acclaimed daily show, Mad Dog Unleashed, live from Tropicana Field. Mad Dog Unleashed airs nationwide (2-7pm ET) on SIRIUS channel 123 and XM channel 144. Russo’s scheduled guests include MLB Commissioner Bud Selig.

“The World Series is the biggest event on the baseball calendar and we will cover it from all angles,” said Steve Cohen, SIRIUS XM’s SVP of Sports Programming. “Fans from coast to coast will be able to tune in for every pitch in both English and Spanish and our hosts will be at the ballpark for every game providing listeners with wide-ranging pre- and post-game coverage that will take our listeners onto the field and inside the clubhouses.”

XM listeners can also tune in for regularly updated traffic and weather reports for the Tampa and Philadelphia areas on XM 228 (Tampa) and XM 212 (Philly).

As the Official Satellite Radio Partner of Major League Baseball, XM broadcasts every game for every MLB team from Opening Day through the entire postseason. Baseball fans can also tune into MLB Home Plate, channel 175, for the only radio channel dedicated to the MLB 24 hours a day, 365 days a year.

2008 world series, xm world series, xm radio 2008 world series

SIRIUS XM Radio today announced that for the third
consecutive year it is the national radio partner of The Women’s
Conference hosted by California’s First Lady Maria Shriver and Governor
Arnold Schwarzenegger. SIRIUS Satellite Radio will dedicate an entire
channel — Women’s Conference Channel 113 — to bring the conference
and its message to a national audience.

SIRIUS Women’s Conference Channel will debut today with
four days of highlights from the 2006 and 2007 Women’s Conferences including a discussion with Cindy McCain and Michelle Obama.

October
24 and 25, the channel will air key speeches and panels in their
entirety, as well as interviews with speakers and attendees from the
2008 Women’s Conference. SIRIUS’ national audience will hear from a
diverse group of participants about this year’s conference theme, “Be
Who You Are,” which seeks to motivate women to pursue a lifelong
journey of self-discovery and encourage them to strive to be both who
they are and who they want to be.

This year’s distinguished roster of speakers and participants will
include Christiane Amanpour, Lance Armstrong, Cherie Blair, Bono,
Warren Buffet, Sister Joan Chittister, Marian Wright Edelman, Sally
Field, Michael J. Fox, Secretary of State Condoleezza Rice, Caroline
Kennedy, Heidi Klum, Jack Kornfield, Jennifer Lopez, Chris Matthews,
Jenny McCarthy, Indra Nooyi, Dr. Mehmet Oz, Governor Arnold
Schwarzenegger, Russell Simmons and Gloria Steinem.

The
non-profit, non-partisan Women’s Conference, formerly the California
Governor and First Lady’s Conference on Women, began more than twenty
years ago as a small government initiative for women business owners.
Under First Lady Shriver and Governor Schwarzenegger’s leadership, the
event has blossomed into the foremost destination for women from all
walks of life to gather together — empower, inspire and educate each
other — and become “architects of change” in all aspects of their
lives.

Maria Shriver, Womans Confrence 2008, Cindy McCain, Michelle Obama, Womans Confrence Channel 113

On October 15th Eminem announced on his Shade 45 Sirius Channel that the name of his new album will be titled “Relapse”. Produced mostly by Dr. Dre the announcement was made during the on air launch party for Eminems new book titled “The Way I Am”.

Eminem also gave a preview of a song Titled “I’m Having a Relapse” (Song After the Jump)

No release date is set for the upcoming Album but 50 Cent dropped a hint that it would be a few months away, with reports that the album will hit store shelves before the Christmas Season.

Eminem: “I’m Having a Relapse”