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How Will Investors Respond to Sirius XM’s (SIRI) Q1 Earnings Report
When Sirius XM Radio Inc. (Nasdaq: SIRI) reports its first-quarter results early today (Thursday) investors will be looking for two things: An operational sense of direction from the newly merged satellite radio player, and any insight on the opportunities that might emanate from Liberty Media Holding Corp.’s (Nasdaq: LINTA) recently taking a 40% stake in Sirius.
Investors who wish to evaluate the quarterly report should focus on there things:
- Whatever the company is willing to provide in terms of subscriber numbers or subscription trends.
- Cost-cutting or cost-management initiatives and results.
- And adjusted earnings (earnings before income taxes, depreciation, and amortization, also known…
Liberty Injects $530 Million into Sirius Satellite Radio
Liberty Media Corp. (LCAPA) will acquire two board seats and as much as 40% of Sirius XM Radio Inc. (SIRI) in exchange for $530 million in loans. The deal creates a satellite-media juggernaut combining DirectTV Group Inc. (DTV), the largest satellite-TV provider, and the sole U.S. satellite-radio operator.
The deal also marks another chapter in an ongoing saga featuring John Malone, Liberty’s CEO, and rival Charles Ergen, the satellite-TV pioneer behind Dish Network Corp. (DISH) and sister firm Echostar Corp. (SATS). The two have occasionally worked together but are major competitors in satellite, as they were when Malone controlled cable-television company Tele-Communications Inc.
Story…
18Feb2009 | Money Morning | 0 comments | ContinuedFCC Approves Sirius-XM Satellite Radio Merger Late Friday
The Federal Communications Commission late Friday granted Sirius Satellite Radio Inc. (SIRI) approval to complete its $3.3 billion purchase of XM Satellite Radio Holdings Inc. (XMSR), ending a 16-month-long political drama and making it possible for the nascent business to start operating at a profit.
According to Reuters, and other news services, this merger saga has been closely watched both on Wall Street and inside the Beltway. Ostensibly, the deal means that the aggregate subscriber base of more than 18 million will be able to receive programming from either service.
“I think this merger is in the public interest and will…
28Jul2008 | Money Morning | Comments Off | ContinuedFCC Chairman Backs Sirius-XM Merger; Awaits Commissioner Approval
The dormant, yet important, proposed $5 billion merger of Sirius Satellite Radio Inc. (SIRI) and XM Satellite Radio Holdings Inc. (XMSR) cleared a major hurdle, as Federal Communication Commission Chairman Kevin Martin backed the merger – with stipulations.
Concessions Martin recommended include: the stations turn over 24 channels to noncommercial and minority programming as well as a three-year freeze on prices and packages. Both satellite stations have already accepted Martin’s conditions.
“As I’ve indicated before, this is an unusual situation,†Martin said in a statement. “I am recommending that with the voluntary commitments they (the companies) have offered, on balance,…
16Jun2008 | Money Morning | Comments Off | Continued
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