International Business News - XMSR 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 Clear Channel Communications Inc. spent nearly $1.2 million in the second quarter to lobby on its privatization and the merger of rival satellite radio companies, according to a recent disclosure report. http://www.ibtimes.com/articles/20080919/clear-channel-spent-nearly-1-2m-lobbying-in-2q.htm Fri, 19 Sep 2008 16:27:46 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 Qwest Communications International Inc. on Monday named former XM Satellite Radio Holdings Inc. executive Joseph J. Euteneuer as executive vice president and chief financial officer to replace John W. Richardson. http://www.ibtimes.com/articles/20080915/qwest-names-former-xm-executive-euteneuer-cfo.htm Mon, 15 Sep 2008 07:19:53 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 Eddy Hartenstein, a former head of DirecTV, will become publisher of the Los Angeles Times, the newspaper reported Saturday. Hartenstein, a pioneering satellite television executive with no newspaper experience, will take over Monday. His job will be to invigorate a newspaper that has cut hundreds of jobs as it struggles with plunging circulation and ad revenue in the Internet age. http://www.ibtimes.com/articles/20080817/former-directv-head-named-la-times-publisher.htm Sun, 17 Aug 2008 05:42:28 EDT Eddy Hartenstein, a former head of DirecTV, will become publisher of the Los Angeles Times, the newspaper reported Saturday. Hartenstein, a pioneering satellite television executive with no newspaper experience, will take over Monday. His job will be to invigorate a newspaper that has cut back hundreds of jobs as it struggles with plunging circulation and ad revenue in the Internet age. http://www.ibtimes.com/articles/20080816/former-directv-head-named-la-times-publisher.htm Sat, 16 Aug 2008 13:17:07 EDT Liberty Media Corp., the controlling shareholder of DirecTV Group Inc., said Monday that a merger with Dish Network Corp. would be "problematic" since the regulatory climate that felled a previous attempt at combining hasn't changed. http://www.ibtimes.com/articles/20080811/liberty-says-dish-network-merger-problematic.htm Mon, 11 Aug 2008 17:48:05 EDT Among the stock activity stories for Tuesday, July 29, from AP Financial News: NEW YORK (AP)--Shares in A.H. Belo fell toward a 52-week low Tuesday, continuing a sharp decline sparked Monday after the publisher reported a quarterly loss and said it will slash 500 jobs. http://www.ibtimes.com/articles/20080729/movers-roundup-ah-belo-sirius-xm-radio.htm Tue, 29 Jul 2008 14:26:39 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 Sirius Satellite Radio Inc. said Monday that it expects to post a 70 percent smaller adjusted loss from operations in the second quarter as revenue rises. http://www.ibtimes.com/articles/20080728/sirius-expects-2q-adjusted-loss-to-shrink-70-pct.htm Mon, 28 Jul 2008 10:47:02 EDT Sirius Satellite Radio Inc. said Monday it expects a 70 percent narrower loss for its second quarter, compared with the same period a year ago, on a surge in revenue. http://www.ibtimes.com/articles/20080728/sirius-expects-narrower-2q-loss.htm Mon, 28 Jul 2008 08:07:57 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 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 Shares of Sirius Satellite Radio Inc. were down 6.2 percent in midday trading on Friday. The Federal Communications Commission is close to approving the company's acquisition of rival XM Satellite Radio Holdings Inc., with one commissioner left to vote. http://www.ibtimes.com/articles/20080725/satellite-radio-company-sirius-shares-down.htm Fri, 25 Jul 2008 13:05:36 EDT Jobless claims jump as housing market gets weaker WASHINGTON (AP)--Two cornerstones of the economy--jobs and housing--sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record. http://www.ibtimes.com/articles/20080724/business-highlights.htm Thu, 24 Jul 2008 18:29:46 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