• Get involved.
    We want your input!
    Apply for Membership and join the conversations about everything related to broadcasting.

    After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
    If you use a disposable or false email address, your registration will be rejected.

    After your membership is approved, please take a minute to tell us a little bit about yourself.
    https://www.radiodiscussions.com/forums/introduce-yourself.1088/

    Thanks in advance and have fun!
    RadioDiscussions Administrators

SiriusXM Liberty Media Merger

T

TheBigA

Liberty Media, parent of Sirius XM, will merge the companies next month. The move seems to be mainly a consolidation of various stock symbols. But it's set off some excitement over SIRI stock:

radioink.com

Liberty Media Sets SiriusXM Merger Completion for September - Radio Ink

Liberty Media Corporation has announced the date it expects to complete its merger with SiriusXM to simplify its ownership structure.
radioink.com radioink.com

www.businesswire.com

Liberty Media Corporation Announces Virtual Special Meeting of Stockholders and Expected Closing Date of Transaction with Sirius XM

Liberty Media Corporation Announces Virtual Special Meeting of Stockholders and Expected Closing Date of Transaction with Sirius XM
www.businesswire.com

Liberty Media is run by John Malone. The company bought Sirius in 2009.
 
In advance of the Sirius merger, the company announces some free ad-supported channels:

radioink.com

SiriusXM Brings Free, Ad-Supported Radio To Automobiles - Radio Ink

During its Q2 2024 earnings call, SiriusXM announced the launch of an ad-supported, in-car subscription plan it calls Free Access.
radioink.com radioink.com

This comes as the company also announces the loss of over 100,000 subscribers.

www.insideradio.com

SiriusXM Revenue and Subscribers Numbers Down in Q2.

SiriusXM said Thursday it lost more than 170,000 subscribers — including self-pay and promotional subs — in its satellite radio unit in the second quarter, an improvement on the 130,000
www.insideradio.com www.insideradio.com
 
TheBigA said:
In advance of the Sirius merger, the company announces some free ad-supported channels
Click to expand...

Amazing it has taken them this long.

TheBigA said:
This comes as the company also announces the loss of over 100,000 subscribers.
Click to expand...

A number like that isn't very useful without stating what percentage of its subscribers it represents. The last number I saw published was from February reporting SXM had "self-pay subscribers" of 34 million. 100.000 of them works out to a loss of just 0.3% of SXM's subscribers. Barely a wobble.
 
TheBigA said:
This combined stock is actually more than just SiriusXM.
Click to expand...
Doesn't matter if it's all rolled up into the new combined extra special new and improved. Analysts will want to see double digit growth next reporting round or the stock will go back to single digit values.
 
Kelly A said:
Doesn't matter if it's all rolled up into the new combined extra special new and improved. Analysts will want to see double digit growth next reporting round or the stock will go back to single digit values.
Click to expand...

They might get some growth due to their recent deal with Alex Cooper but absolutely I agree with you, this stock is NOT a winner. At all. SiriusXM is so damn expensive. Same reason that broadcast TV is faltering faster then radio.
 
Kelly A said:
And I suspect that's been the relationship keeping SXM's stock above becoming a penny stock.
Click to expand...

Sirius WAS a penny stock. It went down to 2 cents. Then Malone came along and bought a bunch of stock. Investors trust Malone. Buffett trusts Malone to run the company. Here's what Motley Fool says:

www.fool.com

Why Is Warren Buffett Buying More Sirius XM Stock? | The Motley Fool

Berkshire Hathaway is adding to its position in one of the biggest losers on its scorecard this year. It makes more sense than you think.
www.fool.com www.fool.com

According to this, Malone is still the largest shareholder.

Media mogul John Malone is the largest shareholder of Sirius XM
Click to expand...
 
Every once in a while Warren gets it wrong. He did lose around $5 billion with airline stocks. Of course he got Net Jets correct.


Warren usually is not a "turnaround" guy. Usually the management stays intact. So he sees something most folks don't. I hope he didn't have a "senior moment".
 
Status
This thread has been closed due to inactivity. You can create a new thread to discuss this topic.


Back
Top Bottom