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Sirius Satellite Radio Inc. was a satellite radio and online radio service operating in North America, owned by Sirius XM Holdings. Headquartered in New York City, with smaller studios in Los Angeles and Memphis , Sirius was officially launched on July 1, 2002.
On July 29, 2008, XM and former competitor Sirius Satellite Radio formally completed their merger, following U.S. Federal Communications Commission (FCC) approval, forming Sirius XM Radio, Inc. with XM Satellite Radio, Inc. as its subsidiary. [1] On November 12, 2008, Sirius and XM began broadcasting with their new, combined channel lineups. [2]
The two companies spent over $3 billion combined to develop satellite radio technology, build and launch the satellites, and for various other business expenses. [5] Stating that it was the only way satellite radio could survive, Sirius and XM announced their merger on February 19, 2007, becoming Sirius XM.
And SiriusXM knows it -- the company has launched a new platform, 360L, that brings some of the creature comforts of internet streaming to in-car satellite radio.
The satellite radio veteran continues to target a leverage ratio of mid-to-low 3 times adjusted EBITDA, and plans to spend its free cash flow on investments, maintaining its dividend, and paying ...
Sirius XM rose to fame with its satellite radio subscription service. The key to the company's success was making deals with automakers to bundle its service with a new car purchase, making the ...
Sirius XM Holdings Inc. is an American broadcasting corporation headquartered in Midtown Manhattan, New York City, that provides satellite radio and online radio services operating in the United States. The company was formed by the 2008 merger of Sirius Satellite Radio and XM Satellite Radio, merging them into SiriusXM
Digital audio radio service (DARS) is any type of digital radio program service. In the United States it is the official FCC term for digital radio services. The most popular type of DARS in the U.S. and Canada is SDARS (Satellite Digital Audio Radio Service), used by Sirius Satellite Radio and XM Satellite Radio. XM and Sirius both operate in ...
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