Democratic commissioner Jonathan Adesltein voted against Sirius
Satellite Radio Inc.’s proposed takeover of XM Satellite Radio Holdings
Inc. This also means the vote on the regulatory body now stands at 2-2,
with Republican member Deborah Taylor Tate still undecided.
FCC
Chairman Kevin Martin and fellow Republican Robert McDowell have both
voted in favor of the deal. Democrat Michael Copps voted against [...]

Continue reading...

Here are a few of the top stories from this week pertaining to Sirius, Xm and the Merger.
I have also noticed a ton of talk this week about the iPhone killing radio. I wonder if the government or the FCC will end up looking into the impace the iPhone is having on Radio and Satellite [...]

Continue reading...

The potential deciding vote in the U.S. government’s review of the
$3.1 billion merger between satellite radio companies told The
Associated Press he will vote in favor of the deal if the companies
agree to tougher conditions.
So far, two of the five members of
the Federal Communications Commission have voted to approve Sirius
Satellite Radio Inc.’s buyout of rival XM [...]

Continue reading...

Richard Blumenthal, attorney general for the state of Connecticut and 18 other Attorney Generals filed a letter with the FCC a few days ago. They mention that Satellite Radio is not in direct competition with Terrestrial Radio or the iPod but they are concerned about one company controlling the whole spectrum.
They go on to write [...]

Continue reading...

Starting this Friday and every Friday after today I will post the week in Review. This will be a collection of links from around the web for all of the readers to catch up on the weeks news. I hope it gives you something to do until the new week starts. I hope everyone has [...]

Continue reading...

Merrill Lynch’s Glen Campbell this morning raised his rating on Sirius Satellite Radio to Buy from Hold, while slightly trimming his price target to $2.70 from $2.80. Campbell says he expect “imminent approval” from the FCC for its pending merger with XM Satellite Radio. Campbell says the upgrade reflects the recent decline in the stock [...]

Continue reading...

Expects 2009 Total Net Synergies of $400 Million
Expects 2009 Adjusted EBITDA of $300 Million
Expects Positive Free Cash Flow, before Satellite Capital Expenditures, for 2009
SIRIUS Satellite Radio today announced financial guidance for 2009 assuming the completion of the merger of SIRIUS and XM Satellite Radio Holdings Inc. Based upon the company’s preliminary analysis, it announced that:
– [...]

Continue reading...

Anyone who subscribes to Sirius should log into their account and check out the package you are currently subscribed to.
“The Sirius Everything Package” I have never seen that before. Is this a sign of the future?
Can everyone log in and verrify this please.
Attached is a screen shot

Oh and for people that don’t know the name [...]

Continue reading...

Both Sirius and XM’s stocks have been falling like a 100lb Weight from an Airplane.
Right now Sirius is at 1.99 and Xm at 8.28 per share.
The only thing I can suggest for Current stock owners is to stick it out, I believe we will hear about the merger soon. It’s a shame a company like [...]

Continue reading...

In accordance with Section 1.1206 of the Commission’s rules, 47 C.F.R. § 1.1206,and the Commission’s Public Notice dated March 29, 2007 (DA 07-1435), thisletter notifies the Commission that on June 16, 2008, Mel Karmazin, ChiefExecutive Officer of Sirius Satellite Radio Inc. (“Sirius”), and CommissionerJonathan Adelstein discussed pending issues raised in recent filings in the above [...]

Continue reading...