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Orbitcast (Free subscription) | yesterday
"There you go again, Joe..." Former chairman and CEO of Sirius Satellite Radio Inc. Joe Clayton has joined the board of EchoStar, the company said Thursday.Clayton was appointed to EchoStar's board following the recommendation of the company's Nominating Committee. He will serve on the Board's Audit, Nominating and Compensation Committees."We welcome Joe to our board," EchoStar CEO Charles...
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Market Wire (Free subscription) | 10/09/2008
... on the Audit, Nominating and Compensation Committees of the Board. Clayton served as chairman of Sirius Satellite Radio Inc. from November 2004 through July 2008 and served as chief executive officer of Sirius from November 2001 through November 2004. Prior to joining Sirius, Clayton served as president of Global Crossing North America, as president and chief executive officer of...
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Orbitcast (Free subscription) | 09/23/2008
A recent Associated Press report shows that XM Satellite Radio Inc spent $240k on lobbying in the second quarter of 2008. Meanwhile, Orbitcast has learned from recent disclosure reports with the House clerk's office that Sirius Satellite Radio Inc. spent approximately $475k on lobbying during the same period.This brings the total spent on lobbying by Sirius XM Radio Inc. to $715,000...
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Business Wire (Free subscription) | 09/19/2008
Companies Mentioned:
- ESPN, Inc.
- National Football League Inc.
- CBS Corporation
- FOX Broadcasting Company
- Comcast Corporation
- National Broadcasting Company, Inc. (NBC)
- YouTube, Inc.
- Time Warner Inc.
- National Association for Stock Car Auto Racing (NASCAR)
- Yahoo! Inc
- Turner Broadcasting System, Inc.
- ABC, Inc.
- AT&T Inc.
- MSN...
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Orbitcast (Free subscription) | 09/12/2008
Los Angeles-based Mt. Wilson FM Broadcasters has filed the first petition for reconsideration with the FCC over the merger between Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc.Mt. Wilson is the licensee of L.A. radio stations KKGO and KGIL.The broadcaster is asking the Commission to take a second look at the conditions imposed on Sirius XM Radio Inc. The...
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Orbitcast (Free subscription) | 09/15/2008
In an interview with Wall Street Journal reporter Sarah McBride, Sirius XM Radio Inc. CEO Mel Karmazin said he regretted a comment he said last week, and offered up some plans for helping to grow the company.Karmazin last week joked at an investor conference, "Am I going to lend the company the money? I hope not. I hope we don't get to that."But investors weren't laughing, and it's a comment...
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Law Blog - WSJ.com (Free subscription) | 09/15/2008
Sirius XM shareholders weren't in the mood for wisecracks. Since the merger of Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. in late July, the company's stock has fallen more than 40%, and now trades at less than a dollar. The downward trajectory accelerated last week after the company issued subscriber forecasts that fell below analysts' expectations and failed...
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The Daily Swarm (Free subscription) | 09/11/2008
In July, Sirius Satellite Radio Inc. bought XM Satellite Radio Holdings Inc. in an all-stock deal worth $2.76 billion. The deal combines the nation’s only two satellite radio companies, offering over 300 channels. Shares of Sirius fell 16 cents, or 14.1 percent, to 98 cents amid heavy volume. The stock hit a new 52-week low of 90 cents earlier in the session. Read and comment....
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Law Blog - WSJ.com (Free subscription) | 09/09/2008
Sirius XM Radio Inc., the product of the late-July merger between Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc., boosted its expectations for merger-related savings in 2009 while also projecting revenue below analysts' estimates amid slowing subscriber growth.
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Orbitcast (Free subscription) | 08/28/2008
More executives have been announced for Sirius XM Radio Inc., only this time the team is coming solely from the former Sirius Satellite Radio Inc.In prior executive moves, we saw the majority coming from Sirius, with a handful from XM being sprinkled in for flavor. In this announcement, they all come from Sirius.The three executive promotions are:Martin Lee (Senior VP of Marketing)Patrick...
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Orbitcast (Free subscription) | 08/27/2008
When Mel Karmazin came on board as CEO of Sirius Satellite Radio Inc. in November 2004, the company had about 700,000 subscribers. Today, after a grueling 18 month merger process and relentless opposition from broadcasters, Karmazin finally finds himself heading a newly minted Sirius XM Radio Inc. I recently had the opportunity to interview Karmazin, who just this past Sunday celebrated...
