- "SIRIUS XM to Launch Exclusive Weekly Show With Wine Expert, Social Media Commentator and Author Gary Vaynerchuk" http://bit.ly/bzuc7I #
Category : Sirius News, Sirius XM Radio, XM News
SIRIUS XM Radio announced it will broadcast a live town hall special on education reform hosted by Secretary of Education Arne Duncan. The Teacher Town Hall will be broadcast live from SIRIUS XM’s performance studio in Washington, D.C. on Thursday July 29 starting at 11:00 am ET on P.O.T.U.S., SIRIUS XM’s non-partisan channel dedicated to the “Politics of the United States” (SIRIUS channel 110/XM channel 130).
Forty teachers from the Washington, D.C. area have been invited to join Secretary Duncan in-studio to discuss reforming our nation’s education system. Educators from around the country will also be invited to join the conversation by phone. The Teacher Town Hall will be moderated by SIRIUS XM’s Tim Farley, host of P.O.T.U.S.’ Morning Briefing.
The Teacher Town Hall broadcast will also be available to Premium Online subscribers online and via the SIRIUS XM App for the Apple iPhone, iPod touch, iPad and several BlackBerry and Android-powered mobile devices.
Broadcasting live from Washington, D.C. and New York, P.O.T.U.S. tells the story of American politics with unbiased news programs, live coverage of major political events inside and outside the beltway, and on-air commentary from listeners that shape political discussion throughout the day with exclusive news and talk shows hosted by Joe Mathieu, Tim Farley and Pete Dominick. For more information and current programming schedule for P.O.T.U.S., please visit www.sirius.com/potus and www.xmradio.com/potus.
Category : Sirius News, Sirius XM Radio, XM News
Some really positive news from Sirius XM has been released today. According to Sirius XM, 583,249 net subscribers were added in the second quarter of 2010, compared to a net subscriber decline of 185,999 in the second quarter of 2009.
In the first half of this year, SIRIUS XM added 754,690 net subscribers compared to a loss of 590,421 net subscribers in the first half of 2009. The Company ended the second quarter with a record-high 19,527,448 subscribers, an increase of more than 1.1 million subscribers from June 30, 2009.
SIRIUS XM also announced the following additional second quarter 2010 subscriber metrics:
* Gross additions increased by 46% and deactivations decreased by 8% compared to the second quarter of 2009;
* Self-pay churn improved to 1.8% for the second quarter of 2010 from 2.0% for the second quarter of 2009; and
* The conversion rate from a trial subscription included in the sale of a vehicle to a self-pay subscription improved in the second quarter of 2010 to 46.7%, up from 44.3% for the second quarter of 2009.
In addition, SIRIUS XM announced its third increase this year in subscriber guidance; the Company now expects net additions of approximately 1,100,000 in 2010.
“Our subscriber results mark the best quarter of gross additions, deactivations and net additions since the merger of SIRIUS and XM in July 2008. The strong execution in both adding subscribers and retaining them resulted in our record-high 19.5 million subscriber milestone, despite continued economic uncertainty,” said Mel Karmazin, the Chief Executive Officer of SIRIUS XM. “The further improvement in our guidance reflects the attractiveness of satellite radio but maintains a cautious outlook for continued improvement in the economy.”
SIRIUS XM plans to release full second quarter 2010 financial results in August 2010.
Category : Sirius News, Stocks, XM News
Just over two weeks after breaking the $1.00 mark Sirius Xm Radio announced that it has received a letter from the staff of The NASDAQ Stock Market stating that the Company has not regained compliance with the $1.00 minimum closing bid price requirement for continued listing on The NASDAQ Global Select Market under NASDAQ Listing Rule 5450. The Company will request a hearing before a NASDAQ Listing Qualifications Panel at which it will ask for continued listing on NASDAQ pending its return to compliance. As a result, the NASDAQ staff’s letter has no effect on the listing of SIRIUS XM’s common stock at this time.
“SIRIUS XM is one of the most liquid securities on The NASDAQ Global Select Market; we have a large investor base consisting of both individual and prominent institutional stockholders; and our equity capitalization is greater than approximately 92% of the companies listed on The NASDAQ Global Select Market. We are committed to remaining listed on The NASDAQ Global Select Market,” said Mel Karmazin, Chief Executive Officer of SIRIUS XM.
SIRIUS XM has an equity capitalization of over $5.8 billion and an enterprise value of nearly $8.8 billion. In 2009, the Company had revenue of over $2.5 billion. Over 3.7 billion shares of the Company’s common stock are available in the public float.
In addition, the NASDAQ OMX Group, Inc. has announced that the Company’s common stock will be added to the NASDAQ Q-50 Index effective with the market open on Monday, March 22, 2010. The Q-50 Index is designed to track the performance of the fifty securities that are next in line to replace the securities currently included in the NASDAQ-100 Index.
The Company intends to take all necessary steps to maintain the listing of its common stock on The NASDAQ Global Select Market. The Company’s stockholders have granted the Company’s board of directors the discretion to effect a reverse stock split, which would bring the Company into compliance with the NASDAQ bid price requirement. However, the board of directors intends to effect the reverse stock split only if it determines the action to be in the best interests of stockholders.
Under NASDAQ’s current Listing Rules, the Panel may grant the Company up to an additional 180 days from the date of the staff’s letter, or through September 13, 2010, to comply with the NASDAQ bid price requirement.
- @GirlLuvzSciFi Sorry I missed your Tweet, they are right that it does happen at times. I would call next time it happens. in reply to GirlLuvzSciFi #