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#1
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
http://xmradio.mediaroom.com/index.p...ases&item=1423
SIRIUS and XM to Combine in $13 Billion Merger of Equals Provides Consumers with Enhanced Content, Greater Choices and Accelerated Technological Innovation Enables Satellite Radio to Better Compete in Rapidly Evolving Audio Entertainment Industry Extraordinary Value Creation for Shareholders Mel Karmazin to Serve as Chief Executive Officer and Gary Parsons to Serve as Chairman of Combined Company WASHINGTON and NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- XM Satellite Radio (NASDAQ: XMSR) and SIRIUS Satellite Radio (NASDAQ: SIRI) today announced that they have entered into a definitive agreement, under which the companies will be combined in a tax-free, all-stock merger of equals with a combined enterprise value of approximately $13 billion, which includes net debt of approximately $1.6 billion. Under the terms of the agreement, XM shareholders will receive a fixed exchange ratio of 4.6 shares of SIRIUS common stock for each share of XM they own. XM and SIRIUS shareholders will each own approximately 50 percent of the combined company. Mel Karmazin, currently Chief Executive Officer of SIRIUS, will become Chief Executive Officer of the combined company and Gary Parsons, currently Chairman of XM, will become Chairman of the combined company. The new company's board of directors will consist of 12 directors, including Messrs. Karmazin and Parsons, four independent members designated by each company, as well as one representative from each of General Motors and American Honda. Hugh Panero, the Chief Executive Officer of XM, will continue in his current role until the anticipated close of the merger. The combined company will benefit from a highly experienced management team from both companies with extensive industry knowledge in radio, media, consumer electronics, OEM engineering and technology. Further management appointments will be announced prior to closing. The companies will continue to operate independently until the transaction is completed and will work together to determine the combined company's corporate name and headquarters location prior to closing. The combination creates a nationwide audio entertainment provider with combined 2006 revenues of approximately $1.5 billion based on analysts' consensus estimates. Today the companies have approximately 14 million combined subscribers. Together, SIRIUS and XM will create a stronger platform for future innovation within the audio entertainment industry and will provide significant benefits to all constituencies, including: * Greater Programming and Content Choices -- The combined company is committed to consumer choice, including offering consumers the ability to pick and choose the channels and content they want on a more a la carte basis. The combined company will also provide consumers with a broader selection of content, including a wide range of commercial- free music channels, exclusive and non-exclusive sports coverage, news, talk, and entertainment programming. Together, XM and SIRIUS will be able to improve on products such as real-time traffic and rear- seat video and introduce new ones such as advanced data services including enhanced traffic, weather and infotainment offerings. * Accelerated Technological Innovation -- The merger will enable the combined company to develop and introduce a wider range of lower cost, easy-to-use, and multi-functional devices through efficiencies in chip set and radio design and procurement. Such innovation is essential to remaining competitive in the consumer electronics-driven world of audio entertainment. * Benefits to OEM and Retail Partners -- The combined company will offer automakers and retailers the opportunity to provide a broader content offering to their customers. Consumer electronics retailers, including Best Buy, Circuit City, RadioShack, Wal-Mart and others, will benefit from enhanced product offerings that should allow satellite radio to compete more effectively. * Enhanced Financial Performance -- This transaction will enhance the long-term financial success of satellite radio by allowing the combined company to better manage its costs through sales and marketing and subscriber acquisition efficiencies, satellite fleet synergies, combined R&D and other benefits from economies of scale. Wall Street equity analysts have published estimates of the present value of cost synergies ranging from $3 billion to $7 billion. * More Competitive Audio Entertainment Provider -- The combination of an enhanced programming lineup with improved technology, distribution and financials will better position satellite radio to compete for consumers' attention and entertainment dollars against a host of products and services in the highly competitive and rapidly evolving audio entertainment marketplace. In addition to existing competition from free "over-the-air" AM and FM radio as well as iPods and mobile phone streaming, satellite radio will face new challenges from the rapid growth of HD Radio, Internet radio and next generation wireless technologies. "We are excited for the many opportunities that an XM and SIRIUS combination will provide consumers," said Gary Parsons, Chairman of XM Satellite Radio and Hugh Panero, CEO of XM Satellite Radio, in a joint statement. "The combined company will be better positioned to compete effectively with the continually expanding array of entertainment alternatives that consumers have embraced since the Federal Communications Commission (FCC) first granted our satellite radio licenses a decade ago." "This combination is the next logical step in the evolution of audio entertainment," said Mel Karmazin, CEO of SIRIUS Satellite Radio. "Together, our best-in-class management team and programming content will create unprecedented choice for consumers, while creating long- term value for shareholders of both companies. The combined company will be positioned to capitalize on SIRIUS and XM's complementary distribution and licensing agreements to enhance availability of satellite radios, offer expanded content to subscribers, drive increased advertising revenue and reduce expenses. Each of our companies has a strong commitment to providing listeners the broadest range of music, news, sports and entertainment and the best customer service possible. We look forward to sharing the benefits of the exciting new growth opportunities this combination will provide with all of our stakeholders." The transaction is subject to approval by both companies' shareholders, the satisfaction of customary closing conditions and regulatory review and approvals, including antitrust agencies and the FCC. Pending regulatory approval, the companies expect the transaction to be completed by the end of 2007. SIRIUS's financial advisor on the transaction is Morgan Stanley and Simpson Thacher & Bartlett LLP and Wiley Rein LLP are acting as legal counsel. XM's financial advisor on the transaction is J.P. Morgan Securities Inc. and Skadden Arps, Slate, Meagher & Flom LLP; Jones Day; and Latham & Watkins LLP are acting as legal counsel. Conference Call and Webcast Information The companies will hold a joint conference call and webcast on Tuesday, February 20, 2007 at 8:30 AM ET to discuss this announcement. The conference call can be monitored by dialing 800-573-4840 within the U.S. and 617-224-4326 for all other locations, passcode 29490052. The webcast can be accessed at http://www.sirius.com/ and http://www.xmradio.com/ as well as on their satellite radio services by tuning to SIRIUS channel 122 and XM channel 200. The webcast will be archived at http://www.sirius.com/ and http://www.xmradio.com/. About SIRIUS SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data. SIRIUS is the Official Satellite Radio Partner of the NFL, NASCAR, NBA and NHL, and broadcasts live play-by-play games of the NFL, NBA and NHL, as well as live NASCAR races. All SIRIUS programming is available for a monthly subscription fee of only $12.95. SIRIUS Internet Radio (SIR) is a CD-quality, Internet-only version of the SIRIUS radio service, without the use of a radio, for the monthly subscription fee of $12.95. SIR delivers more than 75 channels of talk, entertainment, sports, and 100% commercial free music. SIRIUS products for the car, truck, home, RV and boat are available in more than 25,000 retail locations, including Best Buy, Circuit City, Crutchfield, Costco, Target, Wal-Mart, Sam's Club, RadioShack and at http://shop.sirius.com/. SIRIUS radios are offered in vehicles from Audi, Bentley, BMW, Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep®, Land Rover, Lexus, Lincoln, Mercury, Maybach, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Rolls Royce, Scion, Toyota, Volkswagen, and Volvo. Hertz also offers SIRIUS in its rental cars at major locations around the country. Click on http://www.sirius.com/ to listen to SIRIUS live, or to purchase a SIRIUS radio and subscription. About XM XM is America's number one satellite radio company with more than 7.6 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, Chicago, the Country Music Hall of Fame in Nashville, Toronto and Montreal, XM's 2007 lineup includes more than 170 digital channels of choice from coast to coast: commercial- free music, premier sports, news, talk radio, comedy, children's and entertainment programming; and the most advanced traffic and weather information. XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Hyundai, Nissan, Porsche, Subaru, Suzuki and Toyota is available in 140 different vehicle models for 2007. XM's industry- leading products are available at consumer electronics retailers nationwide. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com/. Forward Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc., including potential synergies and cost savings and the timing thereof, future financial and operating results, the combined company's plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "should," "may," or words of similar meaning. Such forward- looking statements are based upon the current beliefs and expectations of SIRIUS' and XM's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of SIRIUS and XM. Actual results may differ materially from the results anticipated in these forward-looking statements. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statement: general business and economic conditions; the performance of financial markets and interest rates; the ability to obtain governmental approvals of the transaction on a timely basis; the failure of SIRIUS and XM shareholders to approve the transaction; the failure to realize synergies and cost- savings from the transaction or delay in realization thereof; the businesses of SIRIUS and XM may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected; and operating costs and business disruption following the merger, including adverse effects on employee retention and on our business relationships with third parties, including manufacturers of radios, retailers, automakers and programming providers. Additional factors that could cause SIRIUS' and XM's results to differ materially from those described in the forward- looking statements can be found in SIRIUS' and XM's Annual Reports on Form 10-K for the year ended December 31, 2005, and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2006, June 30, 2006 and September 30, 2006 which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov/). The information set forth herein speaks only as of the date hereof, and Sirius and XM disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this press release. Important Additional Information Will be Filed with the SEC This communication is being made in respect of the proposed business combination involving SIRIUS and XM. In connection with the proposed transaction, SIRIUS plans to file with the SEC a Registration Statement on Form S-4 containing a Joint Proxy Statement/Prospectus and each of SIRIUS and XM plan to file with the SEC other documents regarding the proposed transaction. The definitive Joint Proxy Statement/Prospectus will be mailed to stockholders of SIRIUS and XM. INVESTORS AND SECURITY HOLDERS OF SIRIUS AND XM ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the Registration Statement and the Joint Proxy Statement/Prospectus (when available) and other documents filed with the SEC by SIRIUS and XM through the web site maintained by the SEC at http://www.sec.gov/. Free copies of the Registration Statement and the Joint Proxy Statement/Prospectus (when available) and other documents filed with the SEC can also be obtained by directing a request to Sirius Satellite Radio Inc., 1221 Avenue of the Americas, New York, NY 10020, Attention: Investor Relations or by directing a request to XM Satellite Radio Holdings Inc., 1500 Eckington Place, NE Washington, DC 20002, Attention: Investor Relations. SIRIUS, XM and their respective directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding SIRIUS' directors and executive officers is available in its Annual Report on Form 10-K for the year ended December 31, 2005, which was filed with the SEC on March 13, 2006, and its proxy statement for its 2006 annual meeting of stockholders, which was filed with the SEC on April 21, 2006, and information regarding XM's directors and executive officers is available in XM's Annual Report on Form 10-K, for the year ended December 31, 2005, which was filed with the SEC on March 3, 2006 and its proxy statement for its 2006 annual meeting of shareholders, which was filed with the SEC on April 25, 2006. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Joint Proxy Statement/Prospectus and other relevant materials to be filed with the SEC when they become available. Contacts SIRIUS Media Relations Patrick Reilly 212-901-6646 Investor Relations Paul Blalock 212-584-5174 Hooper Stevens 212-901-6718 XM Media Relations Nathaniel Brown 212-708-6170 Chance Patterson 202-380-4318 Investor Relations Joseph Wilkinson 202-380-4008 Richard Sloane 202-380-1439 SOURCE: SIRIUS Satellite Radio; XM Satellite Radio CONTACT: Patrick Reilly, Media Relations, +1-212-901-6646, , or Paul Blalock, Investor Relations, +1-212-584-5174, , or Hooper Stevens, Investors Relations, +1-212-901-6718, , all of SIRIUS, or Nathaniel Brown, Media Relations, +1-212-708-6170, , or Chance Patterson, Media Relations, +1-202-380-4318, , or Joseph Wilkinson, Investor Relations, +1-202-380-4008, , or Richard Sloane, Investor Relations, +1-202-380-1439, , all of XM Web site: http://www.xmradio.com/ http://www.sirius.com/ http://shop.sirius.com/ |
#2
Posted to alt.radio.satellite,alt.radio.digital,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
I told everybody in this group in 2005 that Sirius and XM were going to
merge. It was inevitable. The reason for the merge is Howard Stern. Stern is just too powerful and has a huge fan base. Howard will be the undisputed king of satellite radio |
#3
Posted to alt.radio.satellite,alt.radio.digital,soc.culture.usa,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
It's not going to happen, because the Federal Communication Commission at
the outset of service licensing prohibited one company from holding two satellite radio licenses. Their joining forces would be against the law. |
#4
Posted to alt.radio.satellite,alt.radio.digital,soc.culture.usa,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
Only Fair wrote:
It's not going to happen, because the Federal Communication Commission at the outset of service licensing prohibited one company from holding two satellite radio licenses. Their joining forces would be against the law. Couldn't they just drop one of the licenses? I think they will find a way around it. |
#5
Posted to alt.radio.satellite,alt.radio.digital,soc.culture.usa,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Feb 19, 7:03 pm, "Only Fair" wrote:
It's not going to happen, because the Federal Communication Commission at the outset of service licensing prohibited one company from holding two satellite radio licenses. Their joining forces would be against the law. It is a good assumption that the managements of the respective companies have a good idea they can get FCC approval. DOJ, another matter, as you never know about them -- but the FCC will approve it or they would not have pulled the trigger. |
#6
Posted to alt.radio.satellite,alt.radio.digital,soc.culture.usa,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
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#7
Posted to alt.radio.satellite,alt.radio.digital,alt.fan.howard-stern,rec.audio.car
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Paedophile in the house
On Feb 19, 5:16?pm, "BadAsCan" wrote:
I told everybody in this group in 2005 that Sirius and XM were going to merge. It was inevitable. The reason for the merge is Howard Stern. Stern is just too powerful and has a huge fan base. Howard will be the undisputed king of satellite radio Are you the same Paedophile that posts as "Tomba" in alt.support.boy- lovers? Your email address is the same. |
#8
Posted to alt.radio.satellite,alt.radio.digital,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
"BadAsCan" wrote:
I told everybody in this group in 2005 that Sirius and XM were going to merge. It was inevitable. The reason for the merge is Howard Stern. Stern is just too powerful and has a huge fan base. Howard will be the undisputed king of satellite radio I'm not claiming any great knowledge here - but if Howard Stern was the critical factor then wouldn't the company that has his contract simply keep going alone and take all of the customers from the other? -- Rgds Paul Webster |
#9
Posted to alt.radio.satellite,alt.radio.digital,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Wed, 21 Feb 2007 04:06:51 -0500, JMiller wrote:
Mel will be the CEO of the new company and XM's idiot equal to Mel is out. And XM's Chairman will remain in place and seven of the board members will be from XM. |
#10
Posted to alt.radio.digital,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
JMiller wrote:
On Wed, 21 Feb 2007 07:02:16 +0000, Paul Webster wrote: "BadAsCan" wrote: I told everybody in this group in 2005 that Sirius and XM were going to merge. It was inevitable. The reason for the merge is Howard Stern. Stern is just too powerful and has a huge fan base. Howard will be the undisputed king of satellite radio I'm not claiming any great knowledge here - but if Howard Stern was the critical factor then wouldn't the company that has his contract simply keep going alone and take all of the customers from the other? That's the way it's working out, but it's not necessarily just because of Howard. I have to admit that I think it totally is because of Howard, though. So you think that a $13bn merger is all about Howard Stern?? I have to say that that is the most ridiculous thing I've heard in 2007. Well done. -- Steve - www.digitalradiotech.co.uk - Digital Radio News & Info Find the cheapest Freeview & DAB prices: http://www.digitalradiotech.co.uk/fr..._receivers.php http://www.digitalradiotech.co.uk/dab/dab_radios.php |
#11
Posted to alt.radio.digital,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
JMiller wrote:
On Thu, 22 Feb 2007 09:21:25 GMT, "DAB sounds worse than FM" dab.is@dead wrote: JMiller wrote: On Wed, 21 Feb 2007 07:02:16 +0000, Paul Webster wrote: "BadAsCan" wrote: I told everybody in this group in 2005 that Sirius and XM were going to merge. It was inevitable. The reason for the merge is Howard Stern. Stern is just too powerful and has a huge fan base. Howard will be the undisputed king of satellite radio I'm not claiming any great knowledge here - but if Howard Stern was the critical factor then wouldn't the company that has his contract simply keep going alone and take all of the customers from the other? That's the way it's working out, but it's not necessarily just because of Howard. I have to admit that I think it totally is because of Howard, though. So you think that a $13bn merger is all about Howard Stern?? I have to say that that is the most ridiculous thing I've heard in 2007. Well done. That is because you are not smart. I see. XM had been the frontrunner with a clear and commanding lead over Sirius. After a year of Stern on the air, Sirius has blown away XM. It would never have happened without him. So yeah, this merger is all a reaction to Stern. What are the current subscriber numbers for each system and what were they 1 year ago? And this might have escaped your attention, but do you not think that the satellite companies merging might just be slightly more to do with the fact that if they're not competing with one another they don't have to duplicate lots and lots of stations, so the total bandwidth can be used to provide a wider range of stations, thus making satellite radio a far more attractive proposition to consumers in the upcoming fight against terrestrial digital radio. or is it as you said and it's ALL about Howard Stern? Yeah, you're the smart one, so you're probably right. -- Steve - www.digitalradiotech.co.uk - Digital Radio News & Info Find the cheapest Freeview & DAB prices: http://www.digitalradiotech.co.uk/fr..._receivers.php http://www.digitalradiotech.co.uk/dab/dab_radios.php |
#12
Posted to alt.radio.digital,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Thu, 22 Feb 2007 05:41:09 -0500, JMiller wrote:
On Thu, 22 Feb 2007 09:21:25 GMT, "DAB sounds worse than FM" dab.is@dead wrote: JMiller wrote: On Wed, 21 Feb 2007 07:02:16 +0000, Paul Webster wrote: "BadAsCan" wrote: I told everybody in this group in 2005 that Sirius and XM were going to merge. It was inevitable. The reason for the merge is Howard Stern. Stern is just too powerful and has a huge fan base. Howard will be the undisputed king of satellite radio I'm not claiming any great knowledge here - but if Howard Stern was the critical factor then wouldn't the company that has his contract simply keep going alone and take all of the customers from the other? That's the way it's working out, but it's not necessarily just because of Howard. I have to admit that I think it totally is because of Howard, though. So you think that a $13bn merger is all about Howard Stern?? I have to say that that is the most ridiculous thing I've heard in 2007. Well done. That is because you are not smart. XM had been the frontrunner with a clear and commanding lead over Sirius. After a year of Stern on the air, Sirius has blown away XM. Wait, what? After a year of Stern on the air XM still has a commanding lead on Sirius. Not that any of this matters now, but holy ****ing flat out lie, Batman! It would never have happened without him. So yeah, this merger is all a reaction to Stern. -- Opie & Anthony #6, Howard Stern #12, Talkers Heavy Hundred 2007 http://www.talkers.com/main/index.ph...19&Itemi d=44 |
#13
Posted to alt.radio.digital,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Thu, 22 Feb 2007 13:18:40 -0500, JMiller wrote:
On Thu, 22 Feb 2007 11:54:30 -0500, Schwoogie Johnson wrote: On Thu, 22 Feb 2007 05:41:09 -0500, JMiller wrote: On Thu, 22 Feb 2007 09:21:25 GMT, "DAB sounds worse than FM" dab.is@dead wrote: JMiller wrote: On Wed, 21 Feb 2007 07:02:16 +0000, Paul Webster wrote: "BadAsCan" wrote: I told everybody in this group in 2005 that Sirius and XM were going to merge. It was inevitable. The reason for the merge is Howard Stern. Stern is just too powerful and has a huge fan base. Howard will be the undisputed king of satellite radio I'm not claiming any great knowledge here - but if Howard Stern was the critical factor then wouldn't the company that has his contract simply keep going alone and take all of the customers from the other? That's the way it's working out, but it's not necessarily just because of Howard. I have to admit that I think it totally is because of Howard, though. So you think that a $13bn merger is all about Howard Stern?? I have to say that that is the most ridiculous thing I've heard in 2007. Well done. That is because you are not smart. XM had been the frontrunner with a clear and commanding lead over Sirius. After a year of Stern on the air, Sirius has blown away XM. Wait, what? After a year of Stern on the air XM still has a commanding lead on Sirius. Not that any of this matters now, but holy ****ing flat out lie, Batman! They outsold XM last year by a wide margin, and even though XM had more total subs, the writing was on the wall. Noooooooooo! XM has outsold Sirius every quarter they have been in existence together. (Neither company has filed a 10-Q with the info for Q4 2006, so Sirius might have finally beaten XM for once.) Let's use the last 4 quarters where full information is available. This will help your case because it includes the monstrous Christmas push that Sirius got in 2005 for Howard. (I'm not trying to hide anything - I just don't have full 4th Q info for last year and don't feel like digging through business websites to find it. Sirius netted 905K and XM netted 442K if that makes you feel better). Here's Sirius's numbers: GROSS CHURN NET 2005 Q4 1,266,674 -124,034 1,142,640 2006 Q1 960,610 -199,423 761,187 2006 Q2 830,545 -230,111 600,434 2006 Q3 732,406 -291,305 441,101 And XM's: 2005 Q4 1,377,300 -479,000 898,300 2006 Q1 998,300 -429,400 568,900 2006 Q2 926,300 -528,300 398,000 2006 Q3 868,000 -582,000 286,000 SIRI sold 3.79 million new subs and XM sold 4.16 million. SIRI netted 2.94m and XM netted 2.15m. So this outselling by a wide margin is bull****. And don't even if ALL of XM's churns went to Sirius for Howard, Sirius's gross STILL didn't beat XM! If that's the Stern Effect, it's pretty damn underwhelming. And let's break it down even further. Let's split up Sirius's net subs by retail and OEM. In other words, who actively chose to buy Sirius vs. who bought a car that happened to have Sirius pre-installed and prepaid. (These numbers don't add up to 100% of the NET above because of some stray Hertz subs that Sirius lists separately. In no case were the Hertz numbers more than 1,000 for any given quarter.) RETAIL OEM 2005 Q4 900,645 241,705 2006 Q1 534,958 225,343 2006 Q2 276,294 324,574 2006 Q3 205,899 236,464 Sirius got that nice Howard bump for Christmas 2005, but look at what happened afterwards. The people CHOOSING Sirius as opposed to just having it show up in a new car dropped so far that the car buyers now represent more than half of Sirius's new subs. The Stern Effect lasted about 6 months, centered around the beginning of his new show. Anything else is just in your head. Those numbers don't lie. This merger was no more about Howie than it was about you or me. -- Opie & Anthony #6, Howard Stern #12, Talkers Heavy Hundred 2007 http://www.talkers.com/main/index.ph...19&Itemi d=44 |
#14
Posted to alt.radio.digital,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
JMiller wrote:
On Thu, 22 Feb 2007 11:46:39 GMT, "DAB sounds worse than FM" dab.is@dead wrote: XM had been the frontrunner with a clear and commanding lead over Sirius. After a year of Stern on the air, Sirius has blown away XM. It would never have happened without him. So yeah, this merger is all a reaction to Stern. What are the current subscriber numbers for each system and what were they 1 year ago? And this might have escaped your attention, but do you not think that the satellite companies merging might just be slightly more to do with the fact that if they're not competing with one another they don't have to duplicate lots and lots of stations, so the total bandwidth can be used to provide a wider range of stations, thus making satellite radio a far more attractive proposition to consumers in the upcoming fight against terrestrial digital radio. or is it as you said and it's ALL about Howard Stern? It would have never happened without Stern. Ridiculous. Or should I say, it would have been XM buying out Sirius if not for Stern, not the other way around. Which bit of "merger of equals" don't you understand? Yeah, you're the smart one, so you're probably right. Thank you. Republican. -- Steve - www.digitalradiotech.co.uk - Digital Radio News & Info Find the cheapest Freeview & DAB prices: http://www.digitalradiotech.co.uk/fr..._receivers.php http://www.digitalradiotech.co.uk/dab/dab_radios.php |
#15
Posted to alt.radio.digital,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Fri, 23 Feb 2007 03:20:07 -0500, JMiller wrote:
60% of Sirius subs are tuned to Howard 100 or 101. 58% were tuned to it at least once during the week, months ago when that quote was released. Big difference. But you don't care about telling the truth, so keep repeating the lie. |
#16
Posted to alt.radio.digital,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Fri, 23 Feb 2007 03:20:07 -0500, JMiller wrote:
On Thu, 22 Feb 2007 14:49:04 -0500, Schwoogie Johnson wrote: On Thu, 22 Feb 2007 13:18:40 -0500, JMiller wrote: On Thu, 22 Feb 2007 11:54:30 -0500, Schwoogie Johnson wrote: On Thu, 22 Feb 2007 05:41:09 -0500, JMiller wrote: On Thu, 22 Feb 2007 09:21:25 GMT, "DAB sounds worse than FM" dab.is@dead wrote: JMiller wrote: On Wed, 21 Feb 2007 07:02:16 +0000, Paul Webster wrote: "BadAsCan" wrote: I told everybody in this group in 2005 that Sirius and XM were going to merge. It was inevitable. The reason for the merge is Howard Stern. Stern is just too powerful and has a huge fan base. Howard will be the undisputed king of satellite radio I'm not claiming any great knowledge here - but if Howard Stern was the critical factor then wouldn't the company that has his contract simply keep going alone and take all of the customers from the other? That's the way it's working out, but it's not necessarily just because of Howard. I have to admit that I think it totally is because of Howard, though. So you think that a $13bn merger is all about Howard Stern?? I have to say that that is the most ridiculous thing I've heard in 2007. Well done. That is because you are not smart. XM had been the frontrunner with a clear and commanding lead over Sirius. After a year of Stern on the air, Sirius has blown away XM. Wait, what? After a year of Stern on the air XM still has a commanding lead on Sirius. Not that any of this matters now, but holy ****ing flat out lie, Batman! They outsold XM last year by a wide margin, and even though XM had more total subs, the writing was on the wall. Noooooooooo! XM has outsold Sirius every quarter they have been in existence together. (Neither company has filed a 10-Q with the info for Q4 2006, so Sirius might have finally beaten XM for once.) Let's use the last 4 quarters where full information is available. This will help your case because it includes the monstrous Christmas push that Sirius got in 2005 for Howard. (I'm not trying to hide anything - I just don't have full 4th Q info for last year and don't feel like digging through business websites to find it. Sirius netted 905K and XM netted 442K if that makes you feel better). Here's Sirius's numbers: GROSS CHURN NET 2005 Q4 1,266,674 -124,034 1,142,640 2006 Q1 960,610 -199,423 761,187 2006 Q2 830,545 -230,111 600,434 2006 Q3 732,406 -291,305 441,101 And XM's: 2005 Q4 1,377,300 -479,000 898,300 2006 Q1 998,300 -429,400 568,900 2006 Q2 926,300 -528,300 398,000 2006 Q3 868,000 -582,000 286,000 SIRI sold 3.79 million new subs and XM sold 4.16 million. SIRI netted 2.94m and XM netted 2.15m. So this outselling by a wide margin is bull****. And don't even if ALL of XM's churns went to Sirius for Howard, Sirius's gross STILL didn't beat XM! If that's the Stern Effect, it's pretty damn underwhelming. And let's break it down even further. Let's split up Sirius's net subs by retail and OEM. In other words, who actively chose to buy Sirius vs. who bought a car that happened to have Sirius pre-installed and prepaid. (These numbers don't add up to 100% of the NET above because of some stray Hertz subs that Sirius lists separately. In no case were the Hertz numbers more than 1,000 for any given quarter.) RETAIL OEM 2005 Q4 900,645 241,705 2006 Q1 534,958 225,343 2006 Q2 276,294 324,574 2006 Q3 205,899 236,464 Sirius got that nice Howard bump for Christmas 2005, but look at what happened afterwards. The people CHOOSING Sirius as opposed to just having it show up in a new car dropped so far that the car buyers now represent more than half of Sirius's new subs. The Stern Effect lasted about 6 months, centered around the beginning of his new show. Anything else is just in your head. Those numbers don't lie. This merger was no more about Howie than it was about you or me. 60% of Sirius subs are tuned to Howard 100 or 101. It's about Howard. That 58% number was from half a year ago. Do you think that percentage is holding up with all the new subs? Highly doubtful. That's why Sirius dropped the ball by giving a percentage when the "Stern Effect" was coming to an end. That percentage is only going to get smaller and smaller. Do you think all the people buying new Mercedes, BMWs & Rolls are tuning into Howard??? **** no! Period. End of story. If XM had Howard, XM would swallow Sirius, not the other way around. What's in your head is thinking that raw sales figures mean dick in satellite world. What counts is total net gain. Sure, but attributing everything under the sun to Howard is just delusional. All the sales figures prove are the more people bought XM and were dissatisfied with it than Sirius. And BTW, the Stern effect will never be over unless he quits broadcasting. Do you still think that people are done buying Sirius for Stern? YES!!!!!!!!!!!!!!!!!!! Who is "discovering" Howard Stern in 2007? If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. -- Opie & Anthony #6, Howard Stern #12, Talkers Heavy Hundred 2007 http://www.talkers.com/main/index.ph...19&Itemi d=44 |
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
Schwoogie Johnson wrote:
On Fri, 23 Feb 2007 03:20:07 -0500, JMiller wrote: Period. End of story. If XM had Howard, XM would swallow Sirius, not the other way around. What's in your head is thinking that raw sales figures mean dick in satellite world. What counts is total net gain. Sure, but attributing everything under the sun to Howard is just delusional. Absolutely. -- Steve - www.digitalradiotech.co.uk - Digital Radio News & Info Find the cheapest Freeview & DAB prices: http://www.digitalradiotech.co.uk/fr..._receivers.php http://www.digitalradiotech.co.uk/dab/dab_radios.php |
#18
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Fri, 23 Feb 2007 11:11:40 -0500, JMiller wrote:
On Fri, 23 Feb 2007 09:12:46 -0500, Schwoogie Johnson wrote: 60% of Sirius subs are tuned to Howard 100 or 101. It's about Howard. That 58% number was from half a year ago. Do you think that percentage is holding up with all the new subs? Highly doubtful. That's why Sirius dropped the ball by giving a percentage when the "Stern Effect" was coming to an end. That percentage is only going to get smaller and smaller. Do you think all the people buying new Mercedes, BMWs & Rolls are tuning into Howard??? **** no! Do you thin Sirius would be swallowing XM if Howard wasn't there? Answer honestly. Phrase the question honestly and I'll answer honestly. And BTW, the Stern effect will never be over unless he quits broadcasting. Do you still think that people are done buying Sirius for Stern? YES!!!!!!!!!!!!!!!!!!! Who is "discovering" Howard Stern in 2007? If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Because they have a higher churn rate. I didn't think you needed that spelled out. -- Opie & Anthony #6, Howard Stern #12, Talkers Heavy Hundred 2007 http://www.talkers.com/main/index.ph...19&Itemi d=44 |
#19
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
"DAB sounds worse than FM" dab.is@dead wrote in message news JMiller wrote: On Wed, 21 Feb 2007 07:02:16 +0000, Paul Webster wrote: "BadAsCan" wrote: I told everybody in this group in 2005 that Sirius and XM were going to merge. It was inevitable. The reason for the merge is Howard Stern. Stern is just too powerful and has a huge fan base. Howard will be the undisputed king of satellite radio I'm not claiming any great knowledge here - but if Howard Stern was the critical factor then wouldn't the company that has his contract simply keep going alone and take all of the customers from the other? That's the way it's working out, but it's not necessarily just because of Howard. I have to admit that I think it totally is because of Howard, though. So you think that a $13bn merger is all about Howard Stern?? I have to say that that is the most ridiculous thing I've heard in 2007. Stick around .. by the end of the year you will be wondering why you even bother reading most of the posts in this NG .. |
#20
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
"JMiller" wrote in message Do you thin Sirius would be swallowing XM if Howard wasn't there? Answer honestly. Maybe Sirius is "swallowing" XM because they can't get any subs of their own. |
#21
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Feb 23, 8:17 pm, "jeWINK.WINK" wrote:
"JMiller" wrote in message Do you thin Sirius would be swallowing XM if Howard wasn't there? Answer honestly. Maybe Sirius is "swallowing" XM because they can't get any subs of their own. Now you're just really being stupid, cat lady. |
#22
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
"marrone" wrote in message oups.com... On Feb 23, 8:17 pm, "jeWINK.WINK" wrote: "JMiller" wrote in message Do you thin Sirius would be swallowing XM if Howard wasn't there? Answer honestly. Maybe Sirius is "swallowing" XM because they can't get any subs of their own. Now you're just really being stupid, cat lady. POT - KETTLE - BLACK |
#23
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Fri, 23 Feb 2007 21:25:51 -0500, "jeWINK.WINK"
wrote: "marrone" wrote in message roups.com... On Feb 23, 8:17 pm, "jeWINK.WINK" wrote: "JMiller" wrote in message Do you thin Sirius would be swallowing XM if Howard wasn't there? Answer honestly. Maybe Sirius is "swallowing" XM because they can't get any subs of their own. Now you're just really being stupid, cat lady. POT - KETTLE - BLACK Racist! -- Opie & Anthony #6, Howard Stern #12, Talkers Heavy Hundred 2007 http://www.talkers.com/main/index.ph...19&Itemi d=44 |
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Fri, 23 Feb 2007 11:11:40 -0500, JMiller
wrote: If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Do you understand that XM's not having a higher net sub count has nothing to do with stern? It has to do with churn. XM has been outselling sirius. XM has also been losing more subs than sirius. But one important fact is the, even with the stern effect, more new satellite radio subscribers chose to go with the company that didn't have stern. |
#25
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
"Tim Donohoe" wrote in message
... SapperPest19 wrote: On Fri, 23 Feb 2007 11:11:40 -0500, JMiller wrote: If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Do you understand that XM's not having a higher net sub count has nothing to do with stern? It has to do with churn. XM has been outselling sirius. XM has also been losing more subs than sirius. But one important fact is the, even with the stern effect, more new satellite radio subscribers chose to go with the company that didn't have stern. It also means that people buy cars with XM in them and don't keep the service. Losing existing customers is worse than adding fewer customers. Which is worse, the people that don't re-up or counting cars that are just sitting on a lot, and when sold, never activated. Not being sarcastic, just wondering how all this fits into the stats being published. -- "Verbosity leads to unclear, inarticulate things."-- Vice President Al Gore, 11/30/96 ----== Posted via Newsfeeds.Com - Unlimited-Unrestricted-Secure Usenet News==---- http://www.newsfeeds.com The #1 Newsgroup Service in the World! 120,000+ Newsgroups ----= East and West-Coast Server Farms - Total Privacy via Encryption =---- |
#26
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
SapperPest19 wrote:
On Fri, 23 Feb 2007 11:11:40 -0500, JMiller wrote: If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Do you understand that XM's not having a higher net sub count has nothing to do with stern? It has to do with churn. XM has been outselling sirius. XM has also been losing more subs than sirius. But one important fact is the, even with the stern effect, more new satellite radio subscribers chose to go with the company that didn't have stern. It also means that people buy cars with XM in them and don't keep the service. Losing existing customers is worse than adding fewer customers. |
#27
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Sat, 24 Feb 2007 11:54:46 -0500, JMiller wrote:
On Sat, 24 Feb 2007 10:08:44 -0600, SapperPest19 wrote: On Fri, 23 Feb 2007 11:11:40 -0500, JMiller wrote: If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Do you understand that XM's not having a higher net sub count has nothing to do with stern? It has to do with churn. XM has been outselling sirius. XM has also been losing more subs than sirius. But one important fact is the, even with the stern effect, more new satellite radio subscribers chose to go with the company that didn't have stern. They they realized that Stern was at the other company and churned XM. The numbers certainly don't bear that out, as I already mentioned in this very thread. -- Opie & Anthony #6, Howard Stern #12, Talkers Heavy Hundred 2007 http://www.talkers.com/main/index.ph...19&Itemi d=44 |
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
"Schwoogie Johnson" wrote in message ... On Fri, 23 Feb 2007 21:25:51 -0500, "jeWINK.WINK" wrote: "marrone" wrote in message groups.com... On Feb 23, 8:17 pm, "jeWINK.WINK" wrote: "JMiller" wrote in message Do you thin Sirius would be swallowing XM if Howard wasn't there? Answer honestly. Maybe Sirius is "swallowing" XM because they can't get any subs of their own. Now you're just really being stupid, cat lady. POT - KETTLE - BLACK Racist! Schwoogie |
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Sat, 24 Feb 2007 13:21:47 -0500, Tim Donohoe
wrote: SapperPest19 wrote: On Fri, 23 Feb 2007 11:11:40 -0500, JMiller wrote: If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Do you understand that XM's not having a higher net sub count has nothing to do with stern? It has to do with churn. XM has been outselling sirius. XM has also been losing more subs than sirius. But one important fact is the, even with the stern effect, more new satellite radio subscribers chose to go with the company that didn't have stern. It also means that people buy cars with XM in them and don't keep the service. Losing existing customers is worse than adding fewer customers. There are two issues here. Getting new subs and keeping current subs. XM has no problems getting new subs. Sirius has stern that should be a draw for people. But even with stern, sirius is not the company of choice for most of the new people getting satellite radio. |
#30
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Sat, 24 Feb 2007 20:40:40 -0600, SapperPest19 wrote:
On Sat, 24 Feb 2007 13:21:47 -0500, Tim Donohoe wrote: SapperPest19 wrote: On Fri, 23 Feb 2007 11:11:40 -0500, JMiller wrote: If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Do you understand that XM's not having a higher net sub count has nothing to do with stern? It has to do with churn. XM has been outselling sirius. XM has also been losing more subs than sirius. But one important fact is the, even with the stern effect, more new satellite radio subscribers chose to go with the company that didn't have stern. It also means that people buy cars with XM in them and don't keep the service. Losing existing customers is worse than adding fewer customers. There are two issues here. Getting new subs and keeping current subs. XM has no problems getting new subs. Sirius has stern that should be a draw for people. But even with stern, sirius is not the company of choice for most of the new people getting satellite radio. It's not even the company of choice for most people with Sirius lately. They check out the radio in their new car and lo and behold, it's Sirius. It wasn't a choice any more than it was a choice what brand of tires came on the car. -- Opie & Anthony #6, Howard Stern #12, Talkers Heavy Hundred 2007 http://www.talkers.com/main/index.ph...19&Itemi d=44 |
#31
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
John Smith ® wrote:
"Tim Donohoe" wrote in message ... SapperPest19 wrote: On Fri, 23 Feb 2007 11:11:40 -0500, JMiller wrote: If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Do you understand that XM's not having a higher net sub count has nothing to do with stern? It has to do with churn. XM has been outselling sirius. XM has also been losing more subs than sirius. But one important fact is the, even with the stern effect, more new satellite radio subscribers chose to go with the company that didn't have stern. It also means that people buy cars with XM in them and don't keep the service. Losing existing customers is worse than adding fewer customers. Which is worse, the people that don't re-up or counting cars that are just sitting on a lot, and when sold, never activated. Not being sarcastic, just wondering how all this fits into the stats being published. They are never "never activated" since they have the sub pre-paid. If the end user doesn't want sirius he will be counted in the churn. |
#32
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
Schwoogie Johnson wrote:
On Sat, 24 Feb 2007 20:40:40 -0600, SapperPest19 wrote: On Sat, 24 Feb 2007 13:21:47 -0500, Tim Donohoe wrote: SapperPest19 wrote: On Fri, 23 Feb 2007 11:11:40 -0500, JMiller wrote: If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Do you understand that XM's not having a higher net sub count has nothing to do with stern? It has to do with churn. XM has been outselling sirius. XM has also been losing more subs than sirius. But one important fact is the, even with the stern effect, more new satellite radio subscribers chose to go with the company that didn't have stern. It also means that people buy cars with XM in them and don't keep the service. Losing existing customers is worse than adding fewer customers. There are two issues here. Getting new subs and keeping current subs. XM has no problems getting new subs. Sirius has stern that should be a draw for people. But even with stern, sirius is not the company of choice for most of the new people getting satellite radio. It's not even the company of choice for most people with Sirius lately. They check out the radio in their new car and lo and behold, it's Sirius. It wasn't a choice any more than it was a choice what brand of tires came on the car. Except those who get Howard seem to keep sirius more often than those who get XM and the clones. |
#33
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Sun, 25 Feb 2007 00:28:03 -0500, Tim Donohoe
wrote: Schwoogie Johnson wrote: On Sat, 24 Feb 2007 20:40:40 -0600, SapperPest19 wrote: On Sat, 24 Feb 2007 13:21:47 -0500, Tim Donohoe wrote: SapperPest19 wrote: On Fri, 23 Feb 2007 11:11:40 -0500, JMiller wrote: If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Do you understand that XM's not having a higher net sub count has nothing to do with stern? It has to do with churn. XM has been outselling sirius. XM has also been losing more subs than sirius. But one important fact is the, even with the stern effect, more new satellite radio subscribers chose to go with the company that didn't have stern. It also means that people buy cars with XM in them and don't keep the service. Losing existing customers is worse than adding fewer customers. There are two issues here. Getting new subs and keeping current subs. XM has no problems getting new subs. Sirius has stern that should be a draw for people. But even with stern, sirius is not the company of choice for most of the new people getting satellite radio. It's not even the company of choice for most people with Sirius lately. They check out the radio in their new car and lo and behold, it's Sirius. It wasn't a choice any more than it was a choice what brand of tires came on the car. Except those who get Howard seem to keep sirius more often than those who get XM and the clones. At least you didn't try for the "people buy particular brands of cars because of stern" spin. |
#34
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
"Tim Donohoe" wrote in message
... John Smith ® wrote: "Tim Donohoe" wrote in message ... SapperPest19 wrote: On Fri, 23 Feb 2007 11:11:40 -0500, JMiller wrote: If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Do you understand that XM's not having a higher net sub count has nothing to do with stern? It has to do with churn. XM has been outselling sirius. XM has also been losing more subs than sirius. But one important fact is the, even with the stern effect, more new satellite radio subscribers chose to go with the company that didn't have stern. It also means that people buy cars with XM in them and don't keep the service. Losing existing customers is worse than adding fewer customers. Which is worse, the people that don't re-up or counting cars that are just sitting on a lot, and when sold, never activated. Not being sarcastic, just wondering how all this fits into the stats being published. They are never "never activated" since they have the sub pre-paid. If the end user doesn't want sirius he will be counted in the churn. ----== Posted via Newsfeeds.Com - Unlimited-Unrestricted-Secure Usenet News==---- http://www.newsfeeds.com The #1 Newsgroup Service in the World! 120,000+ Newsgroups ----= East and West-Coast Server Farms - Total Privacy via Encryption =---- |
#35
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
SapperPest19 wrote:
On Sun, 25 Feb 2007 00:28:03 -0500, Tim Donohoe wrote: Schwoogie Johnson wrote: On Sat, 24 Feb 2007 20:40:40 -0600, SapperPest19 wrote: On Sat, 24 Feb 2007 13:21:47 -0500, Tim Donohoe wrote: SapperPest19 wrote: On Fri, 23 Feb 2007 11:11:40 -0500, JMiller wrote: If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Do you understand that XM's not having a higher net sub count has nothing to do with stern? It has to do with churn. XM has been outselling sirius. XM has also been losing more subs than sirius. But one important fact is the, even with the stern effect, more new satellite radio subscribers chose to go with the company that didn't have stern. It also means that people buy cars with XM in them and don't keep the service. Losing existing customers is worse than adding fewer customers. There are two issues here. Getting new subs and keeping current subs. XM has no problems getting new subs. Sirius has stern that should be a draw for people. But even with stern, sirius is not the company of choice for most of the new people getting satellite radio. It's not even the company of choice for most people with Sirius lately. They check out the radio in their new car and lo and behold, it's Sirius. It wasn't a choice any more than it was a choice what brand of tires came on the car. Except those who get Howard seem to keep sirius more often than those who get XM and the clones. At least you didn't try for the "people buy particular brands of cars because of stern" spin. That too. |
#36
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
On Sun, 25 Feb 2007 10:27:48 -0500, Tim Donohoe
wrote: SapperPest19 wrote: On Sun, 25 Feb 2007 00:28:03 -0500, Tim Donohoe wrote: Schwoogie Johnson wrote: On Sat, 24 Feb 2007 20:40:40 -0600, SapperPest19 wrote: On Sat, 24 Feb 2007 13:21:47 -0500, Tim Donohoe wrote: SapperPest19 wrote: On Fri, 23 Feb 2007 11:11:40 -0500, JMiller wrote: If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Do you understand that XM's not having a higher net sub count has nothing to do with stern? It has to do with churn. XM has been outselling sirius. XM has also been losing more subs than sirius. But one important fact is the, even with the stern effect, more new satellite radio subscribers chose to go with the company that didn't have stern. It also means that people buy cars with XM in them and don't keep the service. Losing existing customers is worse than adding fewer customers. There are two issues here. Getting new subs and keeping current subs. XM has no problems getting new subs. Sirius has stern that should be a draw for people. But even with stern, sirius is not the company of choice for most of the new people getting satellite radio. It's not even the company of choice for most people with Sirius lately. They check out the radio in their new car and lo and behold, it's Sirius. It wasn't a choice any more than it was a choice what brand of tires came on the car. Except those who get Howard seem to keep sirius more often than those who get XM and the clones. At least you didn't try for the "people buy particular brands of cars because of stern" spin. That too. That spin is about as bad as the "XM has high churn because they are all running over to sirius for stern" spin. |
#37
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
Paul Webster wrote:
"BadAsCan" wrote: I told everybody in this group in 2005 that Sirius and XM were going to merge. It was inevitable. The reason for the merge is Howard Stern. Stern is just too powerful and has a huge fan base. Howard will be the undisputed king of satellite radio I'm not claiming any great knowledge here - but if Howard Stern was the critical factor then wouldn't the company that has his contract simply keep going alone and take all of the customers from the other? Look at the subscriber numbers for each service, and you'll see that whether it's due to Stern or not, Sirius is doing much better than XM. |
#38
Posted to alt.radio.digital,alt.fan.howard-stern,rec.audio.car
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SIRIUS and XM to Combine in $13 Billion Merger of Equals
SapperPest19 wrote:
On Sun, 25 Feb 2007 10:27:48 -0500, Tim Donohoe wrote: SapperPest19 wrote: On Sun, 25 Feb 2007 00:28:03 -0500, Tim Donohoe wrote: Schwoogie Johnson wrote: On Sat, 24 Feb 2007 20:40:40 -0600, SapperPest19 wrote: On Sat, 24 Feb 2007 13:21:47 -0500, Tim Donohoe wrote: SapperPest19 wrote: On Fri, 23 Feb 2007 11:11:40 -0500, JMiller wrote: If so, why isn't XM's total net sub counts beating Sirius again? XM packed it in because Sirius had Stern and there was no way for them to win anymore. Answer the question. If so, why isn't XM's total net sub counts beating Sirius again? Do you understand that XM's not having a higher net sub count has nothing to do with stern? It has to do with churn. XM has been outselling sirius. XM has also been losing more subs than sirius. But one important fact is the, even with the stern effect, more new satellite radio subscribers chose to go with the company that didn't have stern. It also means that people buy cars with XM in them and don't keep the service. Losing existing customers is worse than adding fewer customers. There are two issues here. Getting new subs and keeping current subs. XM has no problems getting new subs. Sirius has stern that should be a draw for people. But even with stern, sirius is not the company of choice for most of the new people getting satellite radio. It's not even the company of choice for most people with Sirius lately. They check out the radio in their new car and lo and behold, it's Sirius. It wasn't a choice any more than it was a choice what brand of tires came on the car. Except those who get Howard seem to keep sirius more often than those who get XM and the clones. At least you didn't try for the "people buy particular brands of cars because of stern" spin. That too. That spin is about as bad as the "XM has high churn because they are all running over to sirius for stern" spin. Yeah add that one to my list. As soon as XM starts charging me for my sub I am switching. Either that or I will buy an Audi. |
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