SiriusXM will survive!! We have Howard and Oprah!!

Sirius XM Radio agreed to issue 108.1 million shares in exchange for convertible
notes due in 2009 to reduce its debt obligations, the company said in a regulatory
filing.
     
The filing was made with the U.S Securities and Exchange Commission on Dec. 22.
     
Sirius has about $1 billion in debt due to mature in 2009, with the first portion
due in February. SiriusXM.com Satellite Radio.
     
At a meeting last week, the satellite radio company's shareholders approved proposals
to issue up to 3.5 billion more shares and enact a reverse stock split, in an effort to
pay down debt and shore up its battered share price.

www.SiriusXM.com is sure to survive. Don't worry...

We have HOWARD STERN and OPRAH...
How can they miss?
The King of All Media and Queen Oprah

www.siriusxm.com is live. Howard Stern sure to save SiriusXM

Howard Stern and Oprah...now really how can SiriusXm lose?
The two most powerful entertainers in history have joined forces, you can talk all you want about
business models and balance sheets. At the end of the day, Content is King and SiriusXM has the
KING of ALL MEDIA.

the newly combined SIRIUS XM Radio announced new channel lineups on both XM and SIRIUS Satellite Radio. (Even though the companies merged in July, 2008, the new entity continues to operate the two services.)

By combining some channels to avoid redundancy between services, adding new channels, and renaming and/or moving others, SIRIUS XM has begun a process of maximizing the programming of both services while reducing the costs involved. (SIRIUS XM Radio just posted a 4.88 billion dollar loss in the third quarter of 2008.)

The company says the same amount of music and non-music channels will be available as before, there will be no increase in subscription fees and subscribers simply continue to use their existing hardware.

On the upside, subscribers of both services can now access programming and personalities that were previously only available on the competing service.

On the downside, listeners may have lost a some favorite channels. Here are a few comments posted at Radio.about.com concerning the recent changes:

XM Subscribers

Broadway writes: “X Country is gone. I listened to Outlaw Country this morning. It is OK but not as good as X Country.”

W.G. says: “...put Backspin 43 & 65 the rhyme back on please!!! you can’t take away my old skool!!!!

Tones writes: “What the!?!? ,,,thought my machine broke!”

t.rae says: “But what they didnt say was that they just comletely removed some channals all together! Its horrible…I going to HD radio!”

SIRIUS Subscribers

JK says: “my wife and i are very upset about sirius xm replacing kids stuff with xm kids programming and renaming the station...our kids loved that channel and now it’s been abruptly replaced with entirely different children programming that i don’t find compatible with our taste.”

From Jon: “I recently discovered a favorite Sirus channel that I enjoyed listening to during my daily commute to and from work. This morning I found that it was taken over by its XM counterpart. All the daily shows, etc., are now different. Not good.”

Kim writes: “I always listened to Sirius “60’s vibrations and Sirius Gold channels. They have been replaced with XM versions. I strongly dislike the XM versions. Completely different personalities...”

A spokesperson from SIRIUS thought it only fair to mention that there are those who do like the changes. A New Jersey subscriber wrote SIRIUS to say in part: "I wanted to commend your programming brain trust on the changes...Keep up the good work."

www.SiriusXM.com

Yesterday complaints, todays rumors, tomorrows reality

Just as I begin a short rant about Sirius XM and Apples iPhone playing nice to give me Howard Stern on my iPhone. Rumors of Apple Buying Sirius XM.
Here is the first part of a blog post. I'm looking for the siriusxm.com article about being bought by Apple.

Last week Mel Karmazin watched shares in Sirius XM Satellite Radio plummet 40% to sub $1-land. Why? The CEO gave a bearish view on 2009 subscriber growth. And he didn't exactly reassure anyone when he joked about lending the company his own company money when $300 million in convertible debt comes due in February.

In retrospect, he tells the WSJ, that probably wasn't the best thing to say:

"I wish I didn't say it," he said. "I tend to be candid. I said something off-handed. I wish it was as simple as that." Ultimately, he says there has been "a tremendous overselling of the stock" and that his company "is heading toward making a bunch of money in the future."

He'd also love to take Sirius XM private. Also, he'd like a pony.

"How do you find [the money] today?" If the company were generating positive cash flow, which he expects it to do for the full year in 2009, privatization would become much more feasible, he says.

And by the way: How many times do you think Howard Stern has rethought his move from CBS?

Talk-show host Howard Stern's five-year, $500 million pay package, announced in 2004, included 34.4 million shares payable to him and his agent, Don Buchwald. Then, the shares were worth about $110 million; by the time he joined the company in 2006, they were worth more than $220 million because of the stock's sharp rise. Today, those shares would be worth $32.6 million.

www.SiriusXM.com - Where Howard Stern comes head-to-head with Oprah

www.SiriusXM.com - New Site for Stern and Oprah

Are you ready for www.SiriusXM.com??
Here it comes, the new combines website for Sirius and XM Satellite Radio

Remember John, not his killer!!
Boycott Chapter 27!!!
Stop Peace Arch Entertainment