International Business News - XM 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 _ XM Satellite Radio Inc. spent $240,000 in the second quarter to lobby on its acquisition by rival Sirius Satellite Radio Inc., according to a recent disclosure report. http://www.ibtimes.com/articles/20080922/xm-spent-240k-lobbying-on-sirius-deal-in-2q.htm Mon, 22 Sep 2008 11:30:08 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 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 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 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 Sirius Satellite Radio Inc.'s $3.3 billion buyout of rival XM Satellite Radio Holdings Inc. will mean millions of subscribers will be able to receive programming from both services, while executives say it will create huge cost savings for the industry. http://www.ibtimes.com/data/articleimgs/98117-fcc-xm-sirius.jpg http://www.ibtimes.com/articles/20080726/fcc-approves-satellite-radio-merger-in-3-2-vote.htm http://www.ibtimes.com/articles/20080726/fcc-approves-satellite-radio-merger-in-3-2-vote.htm Sat, 26 Jul 2008 06:40:22 EDT Federal regulators have formally approved the merger of the nation's only two satellite radio operators, ending a 16-month-long drama closely watched by Washington and Wall Street. http://www.ibtimes.com/articles/20080725/fcc-approves-satellite-radio-merger-in-3-2-vote.htm Fri, 25 Jul 2008 20:39:28 EDT Federal regulators formally approved the merger of the nation's only two satellite radio operators Friday, ending a 16-month-long drama closely watched by Washington and Wall Street. http://www.ibtimes.com/data/articleimgs/97999-fcc-xm-sirius.jpg http://www.ibtimes.com/articles/20080725/wait-gets-longer-for-satellite-radio-merger.htm http://www.ibtimes.com/articles/20080725/wait-gets-longer-for-satellite-radio-merger.htm Fri, 25 Jul 2008 23:34:08 EDT Approval of a merger of the nation's only two satellite radio companies was imminent Thursday after the pair agreed to pay $19.7 million to settle charges they violated federal rules. http://www.ibtimes.com/articles/20080724/satellite-radio-companies-would-pay-19-million.htm Thu, 24 Jul 2008 17:21:04 EDT XM Satellite Radio Holdings Inc. and Sirius Satellite Radio said Thursday they are trying to settle enforcement matters with the Federal Communications Commission. http://www.ibtimes.com/articles/20080724/xm-and-sirius-to-try-to-settle-fcc-investigation.htm Thu, 24 Jul 2008 08:57:07 EDT The proposed merger of the Sirius and XM satellite radio companies appeared close to final approval Wednesday, with the sole undecided member of the Federal Communications Commission poised to support the deal if the companies settle past rules violations. http://www.ibtimes.com/articles/20080723/fcc-vote-trickling-in-on-xm-sirius-merger.htm Wed, 23 Jul 2008 17:48:43 EDT Among the earnings stories for Tuesday, July 22, from AP Financial News: WASHINGTON (AP)--XM Satellite Radio Holdings Inc., which is seeking regulatory approval for an acquisition by rival Sirius Satellite Radio Inc., on Tuesday posted a smaller second-quarter loss as total new subscribers to the satellite radio company's services rose 17 percent. http://www.ibtimes.com/articles/20080722/earnings-roundup-xm-satellite-wabtec.htm Tue, 22 Jul 2008 10:52:18 EDT XM Satellite Radio Holdings Inc., which is seeking regulatory approval for an acquisition by rival Sirius Satellite Radio Inc., on Tuesday reported a smaller second-quarter loss as it increased its subscriber base by 17 percent. http://www.ibtimes.com/articles/20080722/xm-satellite-radio-posts-smaller-2nd-quarter-loss.htm Tue, 22 Jul 2008 18:30:18 EDT XM Satellite Radio Holdings Inc. said Monday that it added 322,000 new net subscribers in the second quarter of 2008 for a total of almost 9.7 million subscribers, about 17 percent more than at the end of the second quarter of 2007, according to preliminary results. http://www.ibtimes.com/articles/20080721/xm-satellite-2q-subscriptions-increase-17-percent.htm Mon, 21 Jul 2008 09:29:10 EDT