XM

XM Settles Suit With EMI Music Publishing Over Pioneer Inno

Authored by Mark Hefflinger on June 26, 2008 - 12:08pm.

New York - XM Satellite Radio (NASD: XMSR) announced on Thursday that it has settled a lawsuit brought by EMI Music Publishing over the Pioneer Inno, a portable satellite radio with advanced recording features.

Shares of XM, Sirius Plunge After Negative Analyst Report

Authored by Mark Hefflinger on June 19, 2008 - 7:42am.

Washington - As momentum builds toward the completion of their multi-billion dollar merger, shares of DC-based XM Satellite Radio (NASD: XMSR) and New York-based Sirius (NASD: SIRI) tumbled on Thursday following an analyst report that questioned the very future of satellite radio. Goldman Sachs analyst Mark Wienkes cited a dramatic slowdown in subscriber growth, with younger consumers buying alternatives such as MP3 players and iPhones.

Is The Future Bright For Sirius/XM?

Authored by Jay Baage on June 16, 2008 - 8:53am.
tags: Deals | Radio | Music | Sirius | XM |

FCC Chairman to Back Merger of XM and Sirius

Authored by Mark Hefflinger on June 16, 2008 - 7:16am.

Washington - Shares of XM Satellite Radio (NASD: XMSR) rose 6% by midday Monday after FCC chairman Kevin Martin said that he will recommend the approval of the company's merger with New York-based Sirius Satellite Radio (NASD: SIRI). The move could clear the way for the companies to complete the multi-billion-dollar deal, which has been in regulatory limbo for more than a year.

AOL Launches Retooled Radio Service Powered by CBS

Authored by Mark Hefflinger on June 10, 2008 - 12:17pm.

New York - AOL (NYSE: TWX) on Tuesday launched its new AOL Radio service, which is now powered by CBS (NYSE: CBS) and will feature 150 local CBS Radio stations alongside more than 200 AOL Radio channels. CBS Radio will also sell advertising across the entire service, which will let users skip songs, and share streams with AIM users. The deal with CBS replaces AOL's previous partner, XM Satellite Radio. AOL also plans to release downloadable versions of AOL Radio for Winamp and the Mac in the coming weeks, and is working on widgets that will let users access stations directly third-party applications.

tags: Advertising | Radio | Music | AOL | CBS | XM |

XM Settles Suit with EMI Over Radio with Recording Features

Authored by Mark Hefflinger on June 10, 2008 - 8:27am.

Washington - XM Satellite Radio (NASD: XMSR) said on Tuesday that it has agreed to settle a lawsuit brought against the company by major record label EMI Music over its portable satellite radio with advanced recording features.

tags: Law | Lawsuits | Music | Copyright | Inno | EMI | XM |

XM Seeking $120 Million to Support Deal with MLB

Authored by Mark Hefflinger on May 27, 2008 - 8:33am.

Washington - XM Satellite Radio (NASD: XMSR), the satellite radio provider awaiting government approval to merge with rival Sirius, disclosed in a filing with the Securities and Exchange Commission (SEC) that it must come up with $120 million in financial commitments to avoid an "adverse effect" on its financial position.

XM, Sirius Extend Merger Deadline As FCC Decision Looms

Authored by Mark Hefflinger on May 1, 2008 - 7:30am.

Washington - Still awaiting approval from the Federal Communications Commission (FCC), XM Satellite Radio (NASD: XMSR) and Sirius Satellite Radio (NASD: SIRI) have agreed to extend their merger deadline, which otherwise would have expired on May 15.

tags: Deals | Radio | Music | Sirius | Acquisitions | FCC | XM |

XM, Sirius Delay Annual Meetings Pending Merger

Authored by Mark Hefflinger on April 29, 2008 - 7:13am.

Washington - With their merger possibly on the brink of completion, XM Satellite Radio (NASD: XMSR) and Sirius Satellite Radio (NASD: SIRI) both announced on Tuesday that they would both postpone their annual meetings. The two companies continue to await a decision on the deal by the Federal Communications Commission (FCC).

tags: Deals | Radio | Music | Sirius | Acquisitions | FCC | DOJ | XM |

Senator Petitions FCC to Reject XM-Sirius Merger

Authored by Mark Hefflinger on April 18, 2008 - 10:16am.

Washington - Sen. Byron Dorgan (D-N.D.), a high-ranking member of the Senate Commerce Committee, on Friday wrote to the Federal Communications Commission (FCC) asking the agency to block the $5 billion merger of satellite radio firms XM (NASD: XMSR) and Sirius (NASD: SIRI), Reuters reported.

Justice Dept. Approves XM-Sirius Merger; Still Needs FCC Nod

Authored by Mark Hefflinger on March 24, 2008 - 8:54am.

Washington - The U.S. Justice Department on Monday approved Sirius Satellite Radio's (NASD: SIRI) $5 billion purchase of rival XM Satellite Radio (NASD: XMSR), a deal announced more than a year ago that has been held up by regulators who said today that the combined company is not likely to harm competition or consumers. The proposed transaction still needs approval from the Federal Communications Commission (FCC); shareholders of both companies approved the deal in November.

tags: Deals | Radio | Music | Sirius | Mergers | FCC | DOJ | XM |

Sirius CEO Optimistic XM Deal Could be Approved This Month

Authored by Mark Hefflinger on March 12, 2008 - 8:04am.

Washington - The head of Sirius Satellite Radio (NASD: SIRI) said on Wednesday that he is hopeful the Federal Communications Commission (FCC) will rule on his company's proposed $4.2 billion merger with XM Satellite Radio (NASD: XMSR) by the end of this month, Reuters reported.

tags: Deals | Radio | Music | Sirius | FCC | XM | Mel Karmazin | Merers |

XM, Sirius Extend Merger Deadline Until May 1

Authored by Mark Hefflinger on February 29, 2008 - 8:03am.

Washington - Still awaiting approvals from the Justice Department and Federal Communications Commission, D.C.-based XM Satellite Radio (NASD: XMSR) and New York-based rival Sirius (NASD: SIRI) said on Friday that they have extended their merger deadline until May 1. Both companies have expressed optimism about receiving the necessary regulatory approvals, although some analysts have expressed concerned about the delays in recent weeks.

tags: Deals | Radio | Music | Sirius | Mergers | FCC | DOJ | XM |

XM Satellite Radio Increases Revenue, Narrows Loss

Authored by Mark Hefflinger on February 28, 2008 - 8:31am.

Washington - As the company continues to wait for a decision from federal regulators concerning its proposed merger with rival Sirius (NASD: SIRI), XM Satellite Radio (NASD: XMSR) on Thursday said that it boosted its revenue and narrowed its net loss during the fourth quarter.

tags: Deals | Radio | Music | Sirius | Mergers | XM | Financials |

XM Spent $1.2 Million on Lobbying Efforts in '07

Authored by Mark Hefflinger on February 19, 2008 - 8:55am.

Washington - One year after announcing plans to merge with rival Sirius (NASD: SIRI), XM Satellite Radio (NASD: XMSR) continues to spend large amounts of money in an effort to land regulatory approval to complete the proposed $5 billion deal, the Associated Press reported.

tags: Deals | Law | Policy | Radio | Music | Sirius | Mergers | XM |

Digital Media Week in Review: Microsoft's Bid for Yahoo; Troubles for Google? Implications for AOL?

Authored by Ned Sherman on February 2, 2008 - 7:54am.

DMW’s CEO & Publisher provides a wrap-up of the top stories of the week. Who’s hot, who’s not and what’s the industry buzz?

In my column last week, I predicted that there may be a silver lining in Yahoo’s recent troubles and low share price in the form of a possible takeover bid from rival Microsoft. Voilà! In a bold move that sent ripples through Silicon Valley before sunrise on Friday, Microsoft (NASD: MSFT) announced that it has made an unsolicited $44.6 billion takeover bid

XM Settles Lawsuit with Sony BMG Over Pioneer Inno

Authored by Mark Hefflinger on February 1, 2008 - 8:18am.

Washington - XM Satellite Radio (NASD: XMSR), the provider of satellite radio services in the process of merging with rival Sirius, said on Friday that it has settled a lawsuit filed by major label Sony BMG (NYSE: SNE) relating to the Pioneer Inno, a portable satellite radio with advanced recording features. The financial terms of the settlement were not disclosed.

Digital Media Week in Review: Feds Drop Rate; Yahoo Undervalued? Still Bullish on Apple?

Authored by Ned Sherman on January 27, 2008 - 4:54pm.

DMW’s CEO & Publisher provides a wrap-up of the top stories of the week. Who’s hot, who’s not and what’s the industry buzz?

There was no shortage of news for the week of Jan. 21-25. The biggest story: The Federal Reserve lowered the benchmark federal funds rate by three-quarters of a percentage point to 3.5%, its lowest level since September 2005, but the Fed’s actions couldn’t stop an already shaky stock market from continuing its downward spiral. After a sharp mid-week increase on news of the rate cut, the DMW100 ended slightly lower on the week.

Report: Govt. Could Approve XM-Sirius Merger in Coming Days

Authored by Mark Hefflinger on January 23, 2008 - 8:47am.

Washington - Following months of conjecture and anticipation, federal regulators could be on the verge of approving XM Satellite Radio's (NASD: XMSR) merger with rival Sirius (NASD: SIRI), according to a published report. Briefing.com on Wednesday cited an unnamed source in reporting that the merger "could receive approval from DOJ and FCC tonight."

tags: Deals | Music | Sirius | Mergers | FCC | DOJ | XM |

XM Satellite Radio to Carry "The Dan Patrick Show"

Authored by Mark Hefflinger on January 3, 2008 - 11:59am.

Washington - XM Satellite Radio (NASD: XMSR) said on Thursday that it has reached a deal with the Chicago-based Content Factory to carry Dan Patrick's national sports radio show starting on Jan. 21. "The Dan Patrick Show" on XM Sports Nation (channel 144) will air weekdays from 10-noon ET. Patrick, a former anchor on ESPN's SportsCenter program, premiered his new syndicated radio show in October.

tags: Sports | ESPN | XM | Dan Patrick |