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Default 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/

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Default 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



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Default 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.


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Default 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.
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Default 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.



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Default 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.

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Default 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
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Default 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.
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Default 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




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Default 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


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Default 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
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Default 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
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Default 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.


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Default 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.


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Default 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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Default 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.


--
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Find the cheapest Freeview & DAB prices:
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Default 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
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Default 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 ..


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Default 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.





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Default 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.

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Default 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



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Default 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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Default 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.
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Default 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.

--
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11/30/96






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Default 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.
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Default 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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Default 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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Default 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.
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Default 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


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Default 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.
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Default 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.
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SapperPest19 SapperPest19 is offline
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Default 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.
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John Smith ® John Smith ® is offline
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Default 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.




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Tim Donohoe Tim Donohoe is offline
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Default 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.


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SapperPest19 SapperPest19 is offline
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Default 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.
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Default 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.
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Default 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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