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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]
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 satellite radio was launched in Canada on November 29, 2005. Sirius followed two days later on December 1, 2005. Sirius Canada and XM Radio Canada announced their merger into Sirius XM Canada on November 24, 2010. [35] It was approved by the Canadian Radio-television and Telecommunications Commission on April 12, 2011. [36]
On March 24, 2008, the United States Department of Justice approved the merger of XM and Sirius Satellite Radio. [29] On July 26, the FCC approved the XM-Sirius merger [30] and on July 29, Sirius and XM officially merged as Sirius XM Radio. [31] XM Canada and Sirius Canada, subsidiaries of the parent companies, remained separate until April ...
Sirius XM's mobile app (version 3.0), as seen on the iPad Mini. On February 4, 2010, the Sirius XM BlackBerry application was announced, for use on BlackBerry smartphones (the Bold, Curve, Storm, and Tour). [82] As of April 2013, the app featured over 150 channels. [83] On May 28, 2010, the Sirius XM application for Android smartphones was ...
Sirius XM is a company consistently generating annual 10-figure free cash flow for the last few years. The best bullish argument for Sirius XM right now is its value.