Sirius XM

15 Stories

SiriusXM Is Buying Pandora

In an all-stock $3.5B deal

(Newser) - Subscription radio company SiriusXM says it's buying music streaming service Pandora Media Inc. in a stock deal valued at about $3.5 billion that'll allow it to expand its service beyond cars and into homes and other mobile areas. Pandora stockholders will receive 1.44 newly issued SiriusXM... More »

Sirius XM Fires Shock Jock 'Opie'

Move might have been over bathroom humor

(Newser) - First there was Opie and Anthony. Then just Opie. And now he's gone, too. Sirius XM has fired Gregg Hughes, aka Opie and host of the Opie Radio Show, reports Variety . The company hasn't explained the reason, but the chatter among fans is that it involves a video... More »

Howard Stern Signs New 5-Year Deal With Sirius/XM

'If we're going to stay in radio, we should stay here'

(Newser) - After weeks of tense contract negotiations, Howard Stern has inked a deal to stay on Sirius/XM for another five years. Earlier this week, Stern ranted against the Sirius CFO for hinting that the shock jock may need to take a pay cut, PopEater reports, but he apologized on-air yesterday. There... More »

10 Worst-Managed Companies of 2010

Yahoo, Boeing are new entries

(Newser) - has its least favorite companies listed on its site. It has two new additions and many returning losers. New to its list of the most egregiously poor performers is Yahoo. Both Yang and Bartz are dissed equally. Then there's Boeing—making the F grade for the so far... More »

Pandora Car Stereo Spells Sirius Trouble

New Internet-enabled device threatens satellite radio

(Newser) - Why pay upward of $20 a month for satellite radio in your car when you can get Pandora Internet radio for free? Pioneer unveiled a car stereo at the 2010 Consumer Electronics Show in Las Vegas this week that can detect Pandora Internet radio from iPhones or iPods, prompting observers... More »

Firms Refuse to Cut Service to Stolen Kindles, iPhones

Product producers often know who stole a device, but won't say

(Newser) - Digital gadget manufacturers may know who stole your cell phone, satellite radio or ebook reader, because they're often registered and used by the thief. But good luck getting tech companies to share that information, or even to shut off service to the device, reports the New York Times. Angry consumers... More »

Rosie Radio Hits Satellite This Fall

Sirius XM adds O'Donnell to celebrity lineup despite slump

(Newser) - Rosie O’Donnell has signed on for a radio talk show on Sirius XM, joining the likes of Oprah, Martha Stewart, and Howard Stern this fall. She’ll interview celebrity guests, take calls, and blend pop culture with serious topics, the company says. Rosie Radio indicates the flagging satellite conglomerate’... More »

Liberty Media Nears Sirius Rescue Deal

Company to get stake in Sirius in return for fending off Echostar

(Newser) - Sirius XM may have found its white knight just in time, the Financial Times reports. The deadline for the satellite radio firm to restructure its debt or file for bankruptcy protection is today, and Liberty Media is believed to be readying a last-minute rescue deal that would give it a... More »

Sirius Creditors Ready to Go After CEO

If company files for bankruptcy, they could ask judge to remove him

(Newser) - Sirius XM Radio's creditors want the company to make a deal with an investor rather than file for bankruptcy, and they're prepared to go after CEO Mel Karmazin's job if things don't go their way, the Wall Street Journal reports. "The board of directors should carefully consider the ramifications"... More »

Sirius Seeks White Knight

Facing massive debt and under siege by a rival, company turns to Liberty Media for help

(Newser) - With $175 million in debt due Tuesday and an unwanted takeover in the offing, Sirius XM Radio is hoping for help from Liberty Media, reports the Wall Street Journal. The satellite radio company is more than $3.25 billion in debt and nearly cashless, yet remains steadfast in its efforts... More »

Stern: Satellite Radio 'Will Survive'

Sirius reportedly planning to file for bankruptcy

(Newser) - Despite reports that Sirius XM radio plans to file for bankruptcy, Howard Stern says the format is headed in the right direction and will survive, Reuters reports. “Everybody's wondering about this whole bankruptcy thing with Sirius,” he said on his radio show. “I'm not concerned. I think... More »

Satellite Radio Is Doomed

Auto downturn looks likely to kill Sirius and the satellite radio biz

(Newser) - The country’s only satellite radio company is close to filing for bankruptcy, and columnist Mike Elgan is having an “I told you so” moment. Before Christmas Elgan predicted in ComputerWorld that Sirius XM wouldn’t survive the recession, given its shaky financial status—and the downturn now looks... More »

Sirius XM Prepares to File for Bankruptcy

(Newser) - Sirius XM is preparing to file for bankruptcy this week, the New York Times reports. The satellite radio company, which has more than $5 billion in assets and a stable of personalities such as Howard Stern, is working with financial advisers to prepare the Chapter 11 filing. The development could... More »

Stern Goes from Serious Player to Sirius Backwater

'King of All Media' gloss wears off with shock jock's move to satellite radio

(Newser) - Howard Stern, once the self-glossed “King of All Media,” has lost much of his audience and prestige in his much-ballyhooed move to satellite radio, the Los Angeles Times reports. Analysts estimate that Stern, who once boasted 12 million daily listeners, attracts only about 1-2 million on the subscription... More »

Under Pressure, Sirius XM Tries to Look Ahead

Merged company works to develop subscribers, refinance debt

(Newser) - Satellite radio’s fortunes—thought to be peaking after Sirius and XM merged in July—are falling as the united company’s stock continues to tumble and management scrambles to refinance debt, reports the Wall Street Journal. Still, CEO Mel Karmazin says, the company is “heading toward making a... More »

15 Stories