Tyler Savery

East Meets West in the Sirius / Liberty Deal

A perfect example of the misunderstandings of the Howard deal:

1. $500,000,000 was for the Howard brand...not Howard.

2. The deal includes Scott Ferrall, Bubba The Love Sponge, Jackie Martling, Miserable Men, Howard 100 News, construction of the studio, the pay for all of the show cast, etc. All of what transpires on the Howard channels is part of the $500,000,000.

3. Satellite radio has ALWAYS had commercials. The talk and news channels have had commercials since day 1. The commercial free aspect of SDARS is the MUSIC channels.

4. As for Howard not being popular....Please supply some evidence to support that assertion. There is plenty of evidence that shows that he still carries wide influence. Look at google search trends to start.



On Apr 30 08:46 AM BChargers wrote:

> "Howard Stern - The Stern Deal, which is oft misunderstood, expires
> December 31st 2010, a bit over 18 months from now."
>
> Misunderstood? Is that the word you meant to use?
> I think most understood his deal; Howard Stern's career was virtually
> over. Radio didnt want him and the E network had let him go in favor
> of someone (35 years) younger and current . Almost everyone knew
> Howard Stern aka Fartman peaked back in the 80's .
> In 2005 he was virtually off the radar entirely.
> What people DON'T understand is WHY Sirius would give him more than
> half a billion dollars? ? AND let him bring commercials to what was
> supposed to be commercial free radio AND keep the proceeds?
>
>
>
>

Clarifying Sirius Ambiguities over Liberty Shares

I feel the need to clarify one thing.....

There is only one possible situation where the 12.5 million preferred shares could come back to sirius XM radio at this point, and that situatiuon is out of Sirius XM's control.

IF (and this is a HUGE IF) Liberty were to not come through on the $150 million in cash/credit in December of this year, Sirius XM would have a possible claim to gain back the preferred shares because Liberty will have defaulted on a part of the deal.

The reason this is such a huge longshot is because the 12.5 million preferred shares are worth well above the $150 million Liberty would need to come up with. For Liberty to default simply makes no business sense whatsoever.

The foolishness of this debate is in the fact that checking out the documents, and some simple phone calls (Liberty Investor Relations as well as Sirius) will provide any investor the answers they are seeking.

There is no going back to get the 12.5 million preferred shares for Sirius XM radio. Anything to do with those shares is out of the control of Sirius XM. Plain and simple

Clarifying Sirius Ambiguities over Liberty Shares

For All.....

When Seeking Alpha picked up this article they attributed the Liberty investrment to symbol LINTA. The correcxt symbol is LCAPA. I have notified Seeking Alpha of the issue, and wanted to get the information to those that are reading this piece prior to the corrections being made.


On Apr 22 12:47 PM Tyler Savery wrote:

> Let's Keep this simle....
>
> 1. I am well aware that the shares are preferred shares and convert
> to 40% of the common stock. I have writen about it many times.<br/>
>
> 2. A Simple phone call to investor relations will provide anyone
> the answers they seek. That answer will be that the 12.5 million
> preferred shares are Liberty's to keep. No suposition, no smoke and
> mirrors. the shares are Liberty's plain and simple. I fully encouracge
> anyone to place a call to investor relations of BOTH Sirius XM and
> Liberty to confirm this.

Clarifying Sirius Ambiguities over Liberty Shares

Let's Keep this simle....

1. I am well aware that the shares are preferred shares and convert to 40% of the common stock. I have writen about it many times.

2. A Simple phone call to investor relations will provide anyone the answers they seek. That answer will be that the 12.5 million preferred shares are Liberty's to keep. No suposition, no smoke and mirrors. the shares are Liberty's plain and simple. I fully encouracge anyone to place a call to investor relations of BOTH Sirius XM and Liberty to confirm this.