Sirius Boosts Lineup with NBA Offering 63 comments
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Sirius XM Radio (SIRI) just boosted the BEST OF programming option by adding the full NBA line-up. Whether you subscribe to Sirius or XM, you will now have access to the full NBA schedule this season. The announcement comes just one day prior to the beginning of the 2008-2009 NBA schedule.
In an announcement from the National Basketball Association and SIRIUS XM Radio, we learned Monday that satellite radio will deliver live NBA games to subscribers around the country throughout the 2008-09 season. The NBA has been involved with satellite radio since 2003, when it became the first major professional sports league to provide live games on SIRIUS.
SIRIUS XM broadcasts more live NBA games than any other radio outlet. Starting with the Opening Night games Tuesday, XM listeners will have access to more than 1,000 regular season games, plus every game of the NBA Playoffs and The Finals. For most SIRIUS listeners, select NBA games will be available through the “Best of XM” programming package.
“Since 2003 the NBA has been one of the premier programming elements on satellite radio,” said Steve Cohen, SIRIUS XM’s SVP of Sports Programming. “The merger of SIRIUS XM gives us the opportunity to deliver NBA games to more listeners than ever before. XM and SIRIUS subscribers from coast to coast will have access to live NBA action every night, from the tip-off of the regular season through every second of the playoffs.”
“As the first major professional sports league to provide live games on satellite radio, we have always embraced all forms of media to reach our fans, wherever they may consume our game,” said Danny Meiseles, Senior Vice President, Production, Programming, and Broadcasting, NBA. “Now with NBA games available to both XM and SIRIUS subscribers, even more fans will be able to follow our game throughout the season.”
Position: Long SIRI, Proud Celtic Fan.
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yea, very interesting. When WAS that released??? It had dates in as recent as last week didn't it?
Why are they warning us now???????
Like your strategy...and hear ya.
So here's what Cramer told us and what the company is telling us NOW...
>>In connection with the sale of any shares of our common stock into which the notes are exchangeable or otherwise, the selling stockholders may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the common stock in the course of hedging the positions they assume. The selling stockholders may also sell shares of our common stock into which the notes are exchangeable short and deliver such shares of common stock to close out their short positions, or loan or pledge such shares of common stock to broker-dealers that in turn may sell such securities. <<
I like this graph too. From Hartlieb's activity? Or maybe it's just standard legal...but timely.
>>In the past, following periods of volatility in the market price of their stock, many companies have been the subject of securities class action litigation. If we became involved in securities class action litigation in the future, it could result in substantial costs and diversion of our management’s attention and resources and could harm our stock price, business, prospects, results of operations and financial condition.<<
Released after the close tonight. Another little gift! That's why the .22 is in there. They must have just drafted a lot of this up last few days...
Plus as you say, I think they are telling us it's headed lower so be careful from here...at least it's something but we all kind of already figured that out..(lol)
That could be a good stratigy but 2 things.
1, We see SP control. The stock several times did not go down on more bad news. I can't trust what Mel will do next. With my luck, I will sell and it will go way up.
2. I have an old long possition with preserved dates. The date is valuable and I have been advised not to play with it. IE, Class Action.
I am praying Mel will hit us with great news and this stock will shoot up over 2,55 by Dec 18. If not, a few layers are going to make some big bucks...
What do you think about the Wenkie release and it's timing???
As much as I hate the guy, it's almost like we're being told the future. Everything he says comes true...... I've voiced my own concerns about some of the things he said.........In this horrible economy with job losses growing with no end in sight, how can churn NOT increase?????
It's like Mel is using him to warn everyone..............
Include me in on that prayer...........$2.55 by 12/18 will make for a merry Xmas..........
That better be some incredible news he's got.
How hi a level person does it need to be?
Mike H. has transcripts and testamony Mel made to Congres were Mel lied. A big conspiricy was going on to control all the Sat Bandwith.
I love the idea of a company I own a steak in controling the Bandwith. But the point is he got away with lieing to Congres with aid of the FCC.
Curuption? Maybe It goes all the way up. If so, stock holders of Sirius are doomed... God I hope not...
If someone influential media person picked up the story, it could eventually get to someone like Cuomo. Even though SIRI is incorporated in Delaware, (like many companys for tax purposes), they still headquarter in NYC--of which Cuomo is AG. What I would do if I were Mr. Hartlieb is try to contact Cuomo with is paperwork and man hours and see if the guy has any interest in looking into it...Or contact D. Faber at CNBC and see if he wants to make something out of it...
to your 10:19 comment.....
I think Mark can vouch for me that I have proposed that idea many times to him..... almost in the exact same words you did........
But yea I agree with that idea.... but for me it's hard to grasp what mark is saying i guess because i don't hold as much stock at the price he does....
Although I have proposed the idea of averaging down when they dilute the shares to him.... He hasn't gotten back to me yet
Sensitivity: Confidential
Sirius and XM have colluded and conspired to consolidate all of the SDARS spectrum. I and other share holders (numbers exceeding 500) have filed an action against Sirius/XM's management and board of directors for racketeering.
Mr. Karmazin was brought out of retirement by Mr. Leon Black from Apollo for the purpose of consolidating and gaining control of all of the satellite radio spectrum. He has made it clear that his own self interests and the interest of the other board members, including Mr. Leon Black, is opposed to that of the individual shareholders. Mr. Karmazin should have walked away from this merger many many months ago and should have commercially introduced interoperable radios into the market place. This would have given consumers the choice the FCC Federal Licensing Mandate required as well as Sirius XM's Joint Development Agreement.
If Mr. Karmazin would have been able to put his ego and self interest aside he would not have held his shareholders hostage during the longest delay in merger history and wait till the last minute to obtain the necessary financing for XM's debt. How does a CEO of Mr.. Karmazin's stature not have back up plans A, B and C and be forced into financing terms in the 11th hour that causes his company shareholders to lose 80% of their value in a matter of days following consummation of this merger?
Mr. Karmazin has not done anything to enhance shareholder value. On the contrary, he destroyed it. He's damaged his shareholders to the tune of billions of dollars.
The final chapter in this multi-year conspiracy will be to steal the combined company from its shareholders. The table has been set. Mr. Karmazin has publicly stated to Sarah McBride of the Wall street Journal, not more than three weeks ago, that he would "love to take the company private at these levels". Mr. Karmazin publicly admits that he would steal this company from its true owners at pennies a share if given the opportunity. Now, the Board of Directors are suggesting a 1 for 50 reverse split and massive amounts of dilution to a number of shares totaling 8 billion in the fully diluted float. I predict that after a say 1 for 40 reverse split that will give the 20cent share price a post reverse split price of $8 a share. Then what will happen the executives will pay themselves hundreds of millions of dollars in new shares, capital will be raised by issuance of these shares and then at some point in the not so distant future an offer will be made at a substantial premium to take this company private. What people will forget is that $8 a share is really 20cents to the current owners of this company (ie: the shareholders) and even at a 100%premium at $16 a share they would be stealing the company from it shareholders for a mere 40 cents a share. I and other shareholders will not stand for this. We intend to prevent this from happening by any means possible. We are going to demand Mr. Karmazin and other board members be held accountable. savesirius@gmail.com