SATWAVES

SIRI: A look At Sirius XM Radio’s Debt Refinancing (Part 2)

By Brandon Matthews (Please read part 1 first) In part 1, I hope to have conveyed some information on negative debt covenants, the capital structure of Sirius XM Radio (NASDAQ: SIRI) and highlighted its improved debt maturity schedule. The negative debt covenants written within the notes that will soon be retired are too numerous to discuss within a single report. However, there is another specific "negative covenant" that I would like to highlight. This one has to do with potential synergies...

Voice Your Opinion To The FCC Regarding Sirius XM

By David "Newman" Phillips As stated on this weeks Satwaves Radio Show, I stated that I would publish my official response to the FCC regarding the Sirius XM (SIRI) vs WCS Coalition proposals. If anyone does not know what I am talking about, feel free to head over to the FCC website and look at what is going on, and then read my cowriter Brandon Matthew's posts from this week. Anyone who is a serious investor in Sirius XM, or even a devoted fan to the service, needs to take note of what is go...

Howard Stern Takes Up Sirius XM/WCS FCC Fiasco

By Brandon Matthews Satwaves is proud to announce that Sirius XM Radio's (Nasdaq:SIRI) Howard Stern has taken up the issue of the FCC's proposal to allow some wireless services to interfere with satellite radio broadcasts. Stern discussed the issue live on his show yesterday, quoting and reading directly from an article I wrote several days ago, titled "Will The FCC Interfere With Sirius XM Yet Again?." With a tone of disgust that should be expected of anyone now familiar with the deca...

Will The FCC Interfere With Sirius XM Yet Again?

By Brandon Matthews I really hate conspiracy theories, but you really have to question the motives of the FCC when it comes to Sirius XM Radio (Nasdaq: SIRI). It took the agency nearly 17 months to approve the merger of the two satellite radio providers, which nearly resulted in bankruptcy for the newly combined company. On March 4th, the FCC granted special temporary authority for Sirius to broadcast in Haiti for 30 days to assist in relief efforts, following the devastating earthquake which...

Sirius XM & The (Non)Importance of March 15th

By Brandon Matthews It seems there is some confusion as to what March 15th will mean for Sirius XM Radio (Nasdaq: SIRI). The simple answer, as we know now, is nothing. Get the date out of your head, because it is absolutely meaningless. It became meaningless last week, when Sirius XM CEO announced that the company would appeal any letter it would receive if its shares fell short of maintaining the $1.00 minimum bid for ten consecutive trading days. Sirius XM had a certain window to trade a...