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Sirius Satellite Radio

Sirius Adds 2.3 Million Subscribers in 2007; Now Counts 8.3 Million

Authored by Mark Hefflinger on January 4, 2008 - 8:35am.

New York - Sirius Satellite Radio (NASD: SIRI), whose proposed merger with rival XM (NASD: XMSR) is still being considered by the Justice Dept. and FCC, announced that it added 2.3 million net subscribers during 2007, and ended the year with a total of over 8.3 million subscribers.

tags: Radio | Music | Sirius Satellite Radio | Mel Karmazin |

Sirius, ESPN Extend Deal; "SportsCenter" Hits National Radio

Authored by Mark Hefflinger on December 12, 2007 - 12:39pm.

New York - Sirius Satellite Radio (NASD: SIRI) announced on Wednesday that it has signed a multi-year extension to its agreement with ESPN (NYSE: DIS), that will bring "SportsCenter," "College GameDay" and other ESPN shows to national radio for the first time. The deal will also see the creation of "ESPN The Magazine on Sirius," a weekly program that will feature writers and editors examining the sports news stories of the week and conducting interviews.

tags: Radio | ESPN | Sirius Satellite Radio |

Sirius Signs Barbara Walters to Host Live Radio Call-in Show

Authored by Mark Hefflinger on September 11, 2007 - 12:12pm.

New York - Sirius Satellite Radio announced on Tuesday that it has signed Barbara Walters to host a live, weekly call-in show on its service. Launching Sept. 17, "Barbara Live" will be co-hosted by Bill Geddie, the longtime executive producer of "The View" and Walters' Oscar specials.

tags: Music | Sirius Satellite Radio | Barbara Walters |

Sirius Satellite Radio to Launch Grateful Dead Channel

Authored by Mark Hefflinger on May 22, 2007 - 3:51pm.

New York - Sirius Satellite Radio announced on Tuesday that it has partnered with the surviving members of legendary rock band the Grateful Dead, to launch a new radio channel that will feature the music of the Dead and its members' side projects. Slated to launch this summer, Grateful Dead Radio will feature live performances from the band's archives, bootlegs produced by fans, previously unreleased recordings, and shows hosted by band members.

tags: Radio | Music | Sirius Satellite Radio | Grateful Dead |

Sirius Satellite Radio Adds 556,000 Subscribers in First Quarter

Authored by Mark Hefflinger on May 1, 2007 - 4:05pm.

New York - Sirius Satellite Radio announced on Tuesday that it added 556,490 subscribers during the first quarter of 2007, and now counts a total of 6.6 million, up 61% from a year ago. "Sirius once again led the satellite radio segment in net subscriber additions marking the sixth straight quarter of leadership," said Sirius CEO Mel Karmazin. "At the same time, we increased revenue by 61% and reduced our net loss by 68% from last year's first quarter. We are very pleased with our strong operating results and we are on track to meet our 2007 guidance."
tags: Radio | Music | Sirius Satellite Radio | Mel Karmazin |

Sirius Satellite Radio Settles Recordable Radio Dispute with Universal Music

Authored by Mark Hefflinger on March 20, 2006 - 7:59am.
New York - Sirius Satellite Radio, a provider of subscription radio programming with 4 million subscribers, has settled a dispute with major record label Universal Music Group over a Sirius radio receiver that can record 50 hours of music played on the service, the Los Angeles Times reported. The Recording Industry Association of America (RIAA) even petitioned Congress on the matter, saying that such digital radio recorders hurt record sales. Sources told the Times that Sirius agreed to limit the number of Sirius S50 radios it manufactures, and will also pay Universal Music an undisclosed sum. The agreement could lead to similar resolutions of disputes over satellite radio receivers with recording capabilities that exist between Sirius -- as well as rival XM Satellite Radio -- and other record labels.
tags: Law | Universal Music | Sirius Satellite Radio | Recordable Radio |

Sirius Satellite Radio Launches Christian Talk Channel

Authored by Mark Hefflinger on December 12, 2005 - 3:24am.
New York - Sirius Satellite Radio, a provider of subscription radio programming, announced on Tuesday that it has launched a Christian talk radio channel. The channel will feature content from the Southern Baptist Convention's FamilyNet broadcast arm, including "The 700 Club with Pat Robertson."
tags: Sirius Satellite Radio | Christian Talk Channel |

Mazda to Offer Sirius Satellite Radio on 2006 Vehicles

Authored by Mark Hefflinger on December 1, 2005 - 11:14am.
New York - Sirius Satellite Radio, a provider of subscription radio programming, announced on Thursday that automaker Mazda is now offering Sirius as a port-installed option on a number of its 2006 model year vehicles. Mazda will offer an installed Sirius receiver and a six month subscription to the radio service for an extra $430.
tags: Vehicles | Sirius Satellite Radio | Mazda |

Sirius Satellite Radio to Launch Bruce Springsteen Channel

Authored by Mark Hefflinger on October 25, 2005 - 6:50am.
New York - Sirius Satellite Radio, a provider of subscription radio programming, said on Tuesday that it will launch E Street Radio, a channel devoted to the music of Bruce Springsteen, on Nov. 1. The launch coincides with the reissue of Springsteen's "Born to Run" album; the channel will be offered on Sirius through Jan. 31, 2006.
tags: Launches | Sirius Satellite Radio | Bruce Springsteen Channel |

Sirius Satellite Radio Adds 359,000 Subscribers in Q3

Authored by Mark Hefflinger on October 4, 2005 - 2:56am.
New York - Sirius Satellite Radio, a provider of subscription radio programming, announced on Tuesday that it added 359,000 new net subscribers during the third quarter of 2005, a 97% increase over the number added during the same period a year ago. The company now counts 2.17 million subscribers, and expects to have 3 million by the end of the year. By contrast, rival XM Satellite Radio yesterday said it added 617,000 new net subscribers in the third quarter, and expects to count 6 million by the end of 2005.
tags: Subscribers | Sirius Satellite Radio |

Sirius Satellite Radio Raises 2005 Subscriber Estimates

Authored by Mark Hefflinger on August 2, 2005 - 6:41am.
New York -- Sirius Satellite Radio has announced that it expects to add 300,000 more subscribers by the end of the year than previously anticipated. Sirius, which added 366,000 subscribers last quarter to increase its total to 1.81 million, now says it expects to finish the year with 3 million subscribers, up from previous estimates of 2.7 million. By comparison, rival XM Satellite Radio currently has 4.4 million subscribers and expects to have 6 million by year's end. Sirius, which is preparing to launch shows from such notable personalities as Howard Stern and Martha Stewart, reported $52.2 million in revenue last quarter, quadruple the amount of a year ago, but also a net loss of $177.5 million. The company said that it expects to turn cash-flow positive in late 2006. http://biz.yahoo.com/prnews/050802/nytu049.html
tags: Deals | Subscriber | Sirius Satellite Radio | Estimates |

Sirius Satellite Radio Raises 2005 Subscriber Estimates

Authored by Mark Hefflinger on August 2, 2005 - 6:41am.
New York -- Sirius Satellite Radio has announced that it expects to add 300,000 more subscribers by the end of the year than previously anticipated. Sirius, which added 366,000 subscribers last quarter to increase its total to 1.81 million, now says it expects to finish the year with 3 million subscribers, up from previous estimates of 2.7 million. By comparison, rival XM Satellite Radio currently has 4.4 million subscribers and expects to have 6 million by year's end. Sirius, which is preparing to launch shows from such notable personalities as Howard Stern and Martha Stewart, reported $52.2 million in revenue last quarter, quadruple the amount of a year ago, but also a net loss of $177.5 million. The company said that it expects to turn cash-flow positive in late 2006. http://biz.yahoo.com/prnews/050802/nytu049.html
tags: Deals | Subscriber | Sirius Satellite Radio | Estimates |

Interscope Head Jimmy Iovine to Consult for Sirius Satellite Radio

Authored by Mark Hefflinger on January 24, 2005 - 7:09am.
New York -- Sirius Satellite Radio, a provider of satellite-delivered digital radio programming, announced on Monday that it has formed an alliance with Interscope Geffen A&M Records, and its chairman, Jimmy Iovine. Sirius and Interscope recently partnered on Shade 45, a hip-hop channel on Sirius that will be co-executive produced by Interscope artist Eminem. In addition to serving as executive producer for Shade 45, Interscope's Iovine will also act as creative advisor and consultant to Sirius on new programming opportunities, and offer promotional opportunities with Interscope artists.
tags: Sirius Satellite Radio | Interscope Head | Jimmy Iovine |

Sirius Satellite Radio Extends NBA Broadcast Deal

Authored by Mark Hefflinger on January 21, 2005 - 7:28am.
New York -- Sirius Satellite Radio, a provider of satellite-delivered digital radio programming, announced on Friday that it has extended a non-exclusive, multi-year agreement with the National Basketball Association (NBA) to broadcast games on its service. Financial terms of the deal were not disclosed. New York-based Sirius offers up to 40 NBA game broadcasts each week at no additional charge over its $12.95 per month programming fee. The NBA agreement includes the rights to broadcast the NBA playoffs and finals.
tags: Sirius Satellite Radio | NBA Broadcast Deal |

Ford to Offer Sirius Satellite Radio as Factory-Installed Option

Authored by Mark Hefflinger on January 4, 2005 - 3:23am.
New York -- Sirius Satellite Radio announced on Tuesday that Ford Motor Company will offer its satellite radio receivers as a factory-installed option beginning this summer. Ford and Lincoln Mercury will offer Sirius as an option on up to 21 models, including the Ford F-150 and Explorer, Lincoln Mark LT and Mercury Mountaineer. Ford said it expects to generate up to one million Sirius subscribers over the 2006 and 2007 model year periods.
tags: Sirius Satellite Radio | Ford | Factory-Installed Option |

Sirius Satellite Radio Signs Howard Stern to 5-Year, $500 Million Contract

Authored by Mark Hefflinger on October 6, 2004 - 2:58am.
New York -- In a major coup for the No. 2 satellite radio firm, Sirius Satellite Radio announced on Wednesday that it has signed a five-year, $500 million agreement with shock jock Howard Stern to broadcast his syndicated radio program on its satellite network beginning January 1, 2006. New York-based Sirius put the total cost of the Stern show, including production and cast compensation, at $100 million per year. Stern ranks as the No. 1 radio host among males 18-49, and has the highest-rated radio program in New York, Los Angeles and many of the 46 markets where he is heard by an estimated 12 million daily listeners. By contrast, Sirius currently counts only 600,000 subscribers for its $12.95 per month radio service, but is banking on a huge increase from Stern's loyal fans. "[Stern] is an entertainment force of unprecedented recognition and popularity in the broadcast world, who is capable of changing the face of satellite radio and generating huge numbers of subscribers for Sirius," said Sirius CEO Joseph P. Clayton. Stern's controversial show has drawn hundreds of thousands of dollars in indecency fines from the FCC, incurred by both his current employer, Infinity Broadcasting, and syndication partner Clear Channel, which dropped Stern's show from its stations in April. FCC indecency rules will not apply on the subscription-based, satellite-delivered Sirius service. "It has been my dream to have the top-rated show in radio since I was five years old," said Stern. "Sirius -- the future of radio -- will take this dream to a whole new level as I bring my fans my show my way. It will be the best radio they will ever hear."
tags: Howard Stern | Deal | Contract | Sirius Satellite Radio |