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Sirius and XM argued that a merger was the only way that satellite radio could survive. [ 5 ] In September 2018, the company agreed to purchase the streaming music service Pandora , [ 6 ] [ 7 ] and this transaction was completed on February 1, 2019. [ 8 ]
XM's primary business was satellite radio entertainment. XM carried music, news (both simulcast and syndicated programming), sports, talk radio, comedy (both stand-up and radio shows), and radio drama. In addition, XM broadcast local weather and traffic conditions in its larger markets. [4] [5] XM Satellite Radio logo from 2001 to 2006
CineMagic is an Internet-only channel on Sirius XM radio, accessible via computers and mobile devices. Before July 1, 2011, the channel had its own XM satellite radio bandwidth in addition to the online channel. It is devoted to film scores, source music, and dialogue from movie soundtracks. Dave Ziemer was the channel's founder and its ...
As of February 11, 2009, Sirius XM had $3.25 billion in total debt and had until February 17, 2009, to repay $175 million in bonds held by EchoStar. EchoStar has been buying Sirius XM's debt since an unsuccessful December 2008 takeover bid. Shares of Sirius XM had been trading for less than $1 from September 10, 2008, until February 2010. [66]
Stating that it was the only way satellite radio could survive, Sirius and XM announced their merger on February 19, 2007, becoming Sirius XM. [31] [32] The FCC approved the merger on July 25, 2008, concluding that it was not a monopoly, primarily due to Internet audio-streaming competition. [33]
This channel moved from the satellites to online only, then returned to the air as a SiriusXM Xtra Channel. On the Rocks (XM79) – Lounge music. This channel moved from the satellites to online only. Removed on 2008-07-15. XM Music Lab (XM51) – Progressive rock and jam bands. This channel moved from the satellites to online only.
SiriusXM has a dedicated base of users, but AM/FM still controls a 60% share of ad-supported and ad-free offerings in cars, according to Edison Research’s Q1 2024 Share of Ear survey. (And it ...
"There is nothing -- zero -- out there that I want," Sirius XM Radio (NAS: SIRI) CEO Mel Karmazin told Jim Cramer on Mad Money two weeks ago. Karmazin was talking specifically about the ...