International Business News - Sirius http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Standard & Poor's Ratings Services lowered its outlook on Sirius XM Radio Inc. on Wednesday over concerns about the satellite radio operator's ability to refinance its debt next year. http://www.ibtimes.com/articles/20081126/s-p-lowers-ratings-outlook-on-sirius-xm-radio.htm Wed, 26 Nov 2008 16:46:51 EST Satellite-radio provider Sirius XM Radio Inc. affirmed its new 2008 and 2009 revenue guidance, which was issued last week to reflect a sharp slowdown in auto sales. http://www.ibtimes.com/articles/20081111/sirius-xm-radio-affirms-revenue-guidance.htm Tue, 11 Nov 2008 08:35:22 EST Sirius XM Radio Inc. said its losses totaled $4.88 billion in the third quarter after the satellite-radio provider booked a hefty charge related to a drop in its stock. http://www.ibtimes.com/articles/20081111/sirius-xm-radio-posts-4-88b-loss-after-charge.htm Tue, 11 Nov 2008 15:25:20 EST Sirius XM Radio said Thursday the slowdown in car sales has hurt sales of its satellite radios in 2008 and will limit growth next year. The company, created by the combination of satellite radio companies Sirius and XM earlier this year, expects to end 2008 with 19.1 million subscribers and end 2009 with 20.6 million subscribers. http://www.ibtimes.com/articles/20081106/sirius-xm-says-auto-woes-are-hurting-radio-sales.htm Thu, 06 Nov 2008 11:04:59 EST Shares of Sirius XM Radio Inc. fell on Tuesday after an analyst reduced his subscriber and cash flow forecasts for the satellite radio provider and maintained a "Sell" recommendation on the stock. http://www.ibtimes.com/articles/20081028/analyst-reduces-financial-forecasts-for-sirius.htm Tue, 28 Oct 2008 19:41:14 EDT Sirius XM Radio Inc. swapped $30.5 million of its debt for company stock, as the satellite radio provider moves to shore up its balance sheet. The New York-based company exchanged the debt held by institutions for 67.04 million common shares, according to a filing with the Securities and Exchange Commission made late Monday. The debt is a portion of the $300 million in 2.5 percent convertible notes due in February. http://www.ibtimes.com/articles/20081021/sirius-exchanges-debt-for-shares.htm Tue, 21 Oct 2008 09:53:02 EDT Sirius XM Radio Inc. has swapped $30.5 million of its debt for company stock, as the satellite radio provider moves to shore up its balance sheet. The New York-based company exchanged the debt held by institutions for 67.04 million common shares, according to a filing with the Securities and Exchange Commission made late Monday. The debt is a portion of the $300 million in 2.5 percent convertible notes due in February. http://www.ibtimes.com/articles/20081021/sirius-exchanges-debt-for-shares.htm Tue, 21 Oct 2008 08:48:57 EDT The chief executive of Sirius XM Radio Inc. received $5.27 million in compensation for 2007, according to a Friday regulatory filing in which the company asked shareholders to approve a reverse stock split to boost the share price so it won't violate stock listing requirements. http://www.ibtimes.com/articles/20081017/sirius-ceo-makes-5-27-million-in-2007.htm Fri, 17 Oct 2008 17:24:15 EDT Sirius XM Radio Inc. on Thursday unveiled customized satellite radio programming packages and a pay-per-channel, a la carte option for customers. The New York-based satellite radio company had promised to roll out these options in July as part of a deal with regulators to approve the acquisition of rival XM Satellite Radio. http://www.ibtimes.com/articles/20081002/sirius-offers-custom-a-la-carte-packages.htm Thu, 02 Oct 2008 12:07:15 EDT Shares of Sirius XM Radio Inc. ended higher Tuesday, despite a sharp slump earlier in the session as the worsening credit crunch cast doubt on the satellite radio company's ability to refinance debt. http://www.ibtimes.com/articles/20080916/sirius-shares-tank-as-credit-markets-worsen.htm Tue, 16 Sep 2008 18:56:29 EDT Among the stock activity stories for Wednesday, Sept. 10, from AP Financial News: Shares of Sirius XM Radio Inc. fell sharply on Wednesday after the satellite radio company forecast a wider loss and slower subscriber growth for 2008 than analysts expected. http://www.ibtimes.com/articles/20080910/movers-roundup-sirius-xm-radio-salesforce-com.htm Wed, 10 Sep 2008 18:33:31 EDT Shares of Sirius XM Radio Inc. fell sharply on Wednesday after the satellite radio company forecast a wider loss and slower subscriber growth for 2008 than analysts expected. http://www.ibtimes.com/articles/20080910/wider-loss-forecast-debt-issues-hit-sirius-stock.htm Wed, 10 Sep 2008 17:14:02 EDT Sirius XM Radio Inc. said Tuesday that projected savings from its purchase of satellite radio operator XM will increase to $425 million in 2009, putting the company on track to achieve its first-ever operating profit next year. http://www.ibtimes.com/articles/20080909/sirius-xm-acquisition-savings-rise-to-425-mln.htm Tue, 09 Sep 2008 17:10:28 EDT Chris Russo has signed a five-year contract with Sirius XM Radio to headline a new sports talk channel, less than a week after leaving WFAN's "Mike and the Mad Dog" show. http://www.ibtimes.com/articles/20080819/former-wfan-sports-host-mad-dog-joins-sirius.htm Tue, 19 Aug 2008 12:23:41 EDT Sirius XM Radio Inc. said Tuesday it hired sports talk personality Chris "Mad Dog" Russo, former star of the "Mike and the Mad Dog" show, for a five-year contract to headline a new sports talk channel available on both Sirius and XM satellite radio. http://www.ibtimes.com/articles/20080819/sirius-xm-hires-russo-for-new-sports-talk-channel.htm Tue, 19 Aug 2008 07:54:07 EDT Sirius Satellite Radio says it narrowed its second-quarter loss, just before its acquisition of XM Satellite Radio closed. Sirius lost $83.9 million, or 6 cents per share, in the quarter, compared to a loss of $134.1 million, or 9 cents per share, last year. http://www.ibtimes.com/articles/20080807/pre-merger-sirius-narrows-loss-by-38-percent.htm Thu, 07 Aug 2008 07:43:43 EDT As the purchase of XM Satellite Radio by larger rival Sirius Satellite Radio Inc. closed Tuesday, questions remained over whether the combined company can handle its $3.4 billion in debt--including $1.1 billion due next year. http://www.ibtimes.com/articles/20080729/debt-and-programming-challenge-combined-sirius-xm.htm Tue, 29 Jul 2008 18:14:34 EDT Shares of Sirius XM Radio Inc., the new entity resulting from the purchase of XM Satellite Radio Holdings Inc. by Sirius Satellite Radio Inc., fell Tuesday by almost 10 percent. http://www.ibtimes.com/articles/20080729/sirius-stock-slips-after-xm-acquisition-closes.htm Tue, 29 Jul 2008 11:53:20 EDT Shares of Sirius XM Radio Inc., the new entity resulting from the purchase of XM Satellite Radio Holdings Inc. by Sirius Satellite Radio Inc., are down 15 percent. http://www.ibtimes.com/articles/20080729/sirius-stock-slips-after-xm-acquisition-closes.htm Tue, 29 Jul 2008 10:26:49 EDT XM Satellite Radio and Sirius Satellite Radio said Tuesday they have completed their long-pending merger. The combined company plans to use the name Sirius XM Radio Inc. Its stock will continue to be traded on the Nasdaq under the ticker symbol SIRI. They first announced their deal in March 2007. http://www.ibtimes.com/data/articleimgs/99762-fcc-xm-sirius.jpg http://www.ibtimes.com/articles/20080729/xm-satellite-and-sirius-complete-merger.htm http://www.ibtimes.com/articles/20080729/xm-satellite-and-sirius-complete-merger.htm Tue, 29 Jul 2008 08:12:41 EDT