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post #91 of 101 Old 11-28-2007, 12:39 PM - Thread Starter
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Quote:
Originally Posted by TomCat View Post

Actually, even if that were the only revenue Howard's channels generate, it would still be a sound business decision, because that is still nowhere near what the subscription costs are for the length of time folks typically subscribe.

But the benefits of signing HS are much greater than his cost divided by the number of listeners to his show. There are a great deal of highly-paid advertisements on those two channels, for one thing. The other thing is that noboby even knew what Sirius was in 2004, and now their brand recognition is exceptionally high, specifically because of signing HS. You can't buy that kind of promotion any other way.

Sirius would probably be out of business by now without signing him, and not only has it made Sirius competitive with XM, Sirius became the dominant (aquiring) party as regards the merger. Sirius subscriptions gained at a rate roughly 7 times that of XM from the time HS announced in 2004 to the time he finally went on the air in 2005, which carried over until, well, right now. Sirius figured 1 million subs in the first year of Howard would make it a good business decision, but they got that first million before he ever uttered a word on satellite. He basically saved the company, and possibly the industry. CBS radio has had revenues decline 12% since Howard left, and the entire company of CBS is down 2.9%, specifically due to losses in the radio division. CBS losing 2.9% of its business is a lot less than it would have cost them to match Howard's deal at Sirius.

Signing Howard was just one more notch on Mel Karmazin's belt, and torpedoed Hugh Panero's career. Love him or hate him, Howard is a phenomenon without peer. No one else ever came close to having 82 #1 ratings books in a row, or ever will, which is equivalent to DiMaggio hitting safely in 56 games straight. Signing Howard may have been one of the smartest business decisions ever made by a struggling corporation.


Stern signed before Mel came aboard....


one could also argue, signing stern to SatRadio was one of the main factors that destroying FM radio!

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post #92 of 101 Old 11-29-2007, 09:58 AM
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Originally Posted by TomCat View Post

...Signing Howard may have been one of the smartest business decisions ever made by a struggling corporation.

Yep, you summed it up perfectly. It is so easy to claim that paying Stern half a billion dollars is insane. But even if you use the most conservative estimates in the number of subscribers he has brought to Sirius, and the amount each subscriber brings in, the contract has already paid for itself and then some. This does not count the intangiables of having "the king" on their team.

Both XM and Sirius are still bleeding red but it has nothing to do with how much they are paying for talent.

He brought relevance to the satellite medium. The jury is still out on whether or not it will survive in the long-term, but at a minimum, Stern gave the entire industry a much longer leash.
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post #93 of 101 Old 11-30-2007, 07:40 AM
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Originally Posted by RaveD View Post

Both XM and Sirius are still bleeding red but it has nothing to do with how much they are paying for talent.

You my friend are delusional.
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post #94 of 101 Old 11-30-2007, 10:13 AM - Thread Starter
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Originally Posted by nakedeye View Post

You my friend are delusional.


not if he was referring to stern.... Stern out of all the high priced talent might have been the only one worth it.

The big O, martha and depending on what O&A bubba and ferrel make have probably done nothing for Satradio.

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post #95 of 101 Old 11-30-2007, 10:34 AM
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Quote:
Originally Posted by mercury View Post

not if he was referring to stern.... Stern out of all the high priced talent might have been the only one worth it.

The big O, martha and depending on what O&A bubba and ferrel make have probably done nothing for Satradio.

You could not be more wrong.

Stern is KILLING Sirius. Part of the reason they *NEED* to merge with XM.

O&A make a KILLING for XM. The income they make for XM is REDICULOUS. They are FAR more profitable than Stern, so much so it's not even funny.

Go take an actual look at the numbers...
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post #96 of 101 Old 11-30-2007, 11:30 AM - Thread Starter
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Originally Posted by nakedeye View Post

You could not be more wrong.

Stern is KILLING Sirius. Part of the reason they *NEED* to merge with XM.


Sirius is trying to "BUY" xm......

understand that and how first!

then you can apply any type of spin you want to.

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post #97 of 101 Old 11-30-2007, 11:57 AM
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Originally Posted by mercury View Post

Sirius is trying to "BUY" xm......

understand that and how first!

then you can apply any type of spin you want to.

Really?

WASHINGTON and NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- XM Satellite Radio (Nasdaq: XMSR - News) and SIRIUS Satellite Radio (Nasdaq: SIRI - News) today announced that they have entered into a definitive agreement, under which the companies will be combined in a tax-free, all-stock merger of equals with a combined enterprise value of approximately $13 billion, which includes net debt of approximately $1.6 billion.

Under the terms of the agreement, XM shareholders will receive a fixed exchange ratio of 4.6 shares of SIRIUS common stock for each share of XM they own. XM and SIRIUS shareholders will each own approximately 50 percent of the combined company.

Mel Karmazin, currently Chief Executive Officer of SIRIUS, will become Chief Executive Officer of the combined company and Gary Parsons, currently Chairman of XM, will become Chairman of the combined company. The new company's board of directors will consist of 12 directors, including Messrs. Karmazin and Parsons, four independent members designated by each company, as well as one representative from each of General Motors and American Honda. Hugh Panero, the Chief Executive Officer of XM, will continue in his current role until the anticipated close of the merger.

The combined company will benefit from a highly experienced management team from both companies with extensive industry knowledge in radio, media, consumer electronics, OEM engineering and technology. Further management appointments will be announced prior to closing. The companies will continue to operate independently until the transaction is completed and will work together to determine the combined company's corporate name and headquarters location prior to closing.

The combination creates a nationwide audio entertainment provider with combined 2006 revenues of approximately $1.5 billion based on analysts' consensus estimates. Today the companies have approximately 14 million combined subscribers. Together, SIRIUS and XM will create a stronger platform for future innovation within the audio entertainment industry and will provide significant benefits to all constituencies, including:
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post #98 of 101 Old 11-30-2007, 03:23 PM - Thread Starter
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Ya Really-

NEW YORK (AP) -- Shareholders of Sirius Satellite Radio on Tuesday approved the company's acquisition of rival XM.

CHICAGO (MarketWatch) -- Shareholders of Sirius Satellite Radio and XM Satellite Radio voted Tuesday to approve Sirius' proposed $13.6 billion acquisition of XM.



XM shareholders approve Sirius merger
Tuesday November 13, 3:47 pm ET


WASHINGTON (Reuters) - XM Satellite Radio Holdings Inc (NasdaqGS:XMSR - News) said on Tuesday its shareholders voted to approve a merger with rival Sirius Satellite Radio Inc (NasdaqGS:SIRI - News).
The vote by shareholders of XM, home to programming such as Oprah Winfrey and Major League Baseball, came after Sirius shareholders agreed earlier on Tuesday to issue more stock to help pay for the deal.
The companies expect the deal, which has been challenged by terrestrial radio broadcasters as anti-competitive, to be completed this year. It must win approval from the U.S. Department of Justice and the Federal Communications Commission.

(Reporting by Diane Bartz and Franklin Paul, editing by Leslie Gevirtz)





Acquisition
Main article: Takeover
An acquisition, also known as a takeover, is the buying of one company (the target') by another. An acquisition may be friendly or hostile. In the former case, the companies cooperate in negotiations; in the latter case, the takeover target is unwilling to be bought or the target's board has no prior knowledge of the offer. Acquisition usually refers to a purchase of a smaller firm by a larger one. Sometimes, however, a smaller firm will acquire management control of a larger or longer established company and keep its name for the combined entity. This is known as a reverse takeover.

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post #99 of 101 Old 12-01-2007, 07:57 AM
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My quote was a press release from the Sirius shareholder relations website, funny that they call it a merger. But one of your quotes say (AP) so it HAS to be true.
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post #100 of 101 Old 12-05-2007, 06:44 AM
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Hey mercury, check your pm!
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post #101 of 101 Old 12-05-2007, 10:13 AM - Thread Starter
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Quote:
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Hey mercury, check your pm!


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