Sirius XM Satellite Radio

For this particular assignment, I was to choose an existing, publicly owned confederacy to research and do a range explanation on. I unflinching to view the public companies link, provided on the module 1, assigning 3 page, and I noticed that Sirius XM Satellite Radio, Inc. was rated 1 in go by stocks by trade volume. I found it impressive that it was ranked high than Facebook and Microsoft Corp. alone. This is what origin all in ally caught my attention about the company, but I tangle it was a great corporation to do my paper on because I devote been a customer of XM satellite radio way before they merge with Sirius and I have no complaints.I am a huge fan of Sirius XM radio and if I lost my account with this company, I would be lost, myself. I thought it would be interesting to learn more about this company, so Sirius XM Satellite Radio, Inc. is the company I have decided to do my background report on. What is Sirius XM Satellite Radio? Sirius XM Satellite Radio is the l argest radio broadcaster measured by income and has 25. 6 million subscribers. It removeers commercial- bounteous music, premier sports, live events, news, comedy, easy lay talk, entertainment, and the most complete line up of Latin commercial-free music, sports, and talk computer scheduling in radio.Sirius XM is one of the worlds largest pure-play audio entertainment companies and is among the largest subscription media companies in the USA offering a collection of exclusive content that c everyplaces all genres and interests. (www. siriusxm. com) What Sirius XM Has to Offer its Customers Sirius XM Satellite Radio is available via satellite, through the Sirius XM Radio apps for smarting phones and other connected devices, as well as online at siriusxm. com. You pot have their service installed in your home or office and Sirius XM has arrangements with both major automaker for installation of satellite radio in their vehicles.Listeners stern personalize Sirius XM music chann els apply MSXM and listen to thousands of hours of programming using Sirius XM on demand. The service provides premium traffic, weather info, and information go in cars, trucks, RVs, boats, and aircraft through Sirius XM Traffic, Naveather, Sirius XM Aviation, Sirius Marine, Sirius Marine Weather, and XMWX Marine. How Did it All originate? In 1988, the Ameri atomic number 50 Mobile Satellite gage (AMSC) was formed and was an affiliation of salwaysal organizations who were originally dedicated to satellite broadcasting of telephone, fax and data signals.In 1992, AMSC established a unit called the American Mobile Radio Corporation dedicated to developing a satellite-based digital radio service this was spun off as XM Satellite Radio Holdings, Inc. in 1999. The satellite service was formally launched on September 25, 2001. On July 29, 2008, XM and their competitor Sirius Satellite Radio decided to merge once the U. S. Federal Communications Commission (FCC) approved, Sirius XM Ra dio, Inc. was formed and on November 12, 2008, Sirius and XM began broadcasting with their new, combined channel lineups.The proposed merger was opposed by those who felt a merger would create a monopoly. Sirius and XM argued that a merger was the nevertheless way that satellite radio would survive. The two companies supposedly werent ever a loud to own each others license. CEO, Mel Karmazin ignored this rule, proceeding and gambling that the FCC would consider other audio entertainment to be competitors and allow their merger to proceed by waiving the rule.17 months after the companies merger they had a total of more than 18.5 million subscribers. As of quarter 2 of 2013, Sirius XM had everyplace 25 million subscribers. (www. siriusxm. com) Finance Through my research, I came across a earn written by former Chief Executer Officer, Mel Karmazin, to the stockholders and it was dated April 2012. Mr. Karmazin began the garner by saying We closed on the merger of Sirius and XM just everywhere three years ago and atomic number 18 proud of our achievements since then. The merger has delivered sinful benefits to the company and its stockholders.Our execution delivered the benefits we promised when we announced the merger in early 2007 and action the transaction in the late summer of 2008. Today, we ar the largest radio company in the world ranked by tax income. www. siriusxmradio. weebly. com The letter goes on to churn up how their subscribers grew to an all-time high, totaling almost 21. 9 million by the end of 2011. Year-over-year free cash flow more or less doubled to $416 million.The letter describes how in 2011, they saw their highest subscriber growth since their merger, adding 1.7 million new subscribers. The death thing the letter detailed was the importance of their employees. Everything we accomplish and all the apprize we create is built on the dedication of our outstanding team of employees, who are focused on increasing revenue, managing co sts, and delivering profits. www. siriusxmradio. weebly. com In 2011, Sirius XM Radios revenue per employee averaged about $2 million. The greatest financial move for Sirius XM was the merger amongst Sirius Satellite Radio and XM Satellite Radio in July 2008.The expense on Sirius XMs behalf is pretty low. On average, an XM satellite will cost almost $30,000 to get licensed and launched which will last for 10 years. They pay some $45,000 to artists in royalties which will last about 9 years, so the issue cost is extremely low compared to the annual income of $1. 63 billion. There was a close threat of bankruptcy for the company in Feb. of 2009 when their stock set dropped to an all-time low of $0. 05 per share, but, media mogul, John Malone came to their rescue with emergency funding of $5,000,000,000.(www. siriusxm. weebly. com)Whats the Future for Sirius XM Satellite Radio, Inc The future of Sirius XM Radio is unpredictable with competition festering in the internet radio mar ket threatening to steal over half of Sirius XMs business. Sirius XM offers services over the internet and mobile devices, the programming being far from that of other competitors. As long as radios are installed in cars, and if Sirius XM can become the standard alongside AM/FM radio with becoming more involved at a local anesthetic level, satellite radiocould be the ruler of all radio broadcasting. Sirius XMs Mission Statement & My InterpretationWith Sirius XM, listeners will enjoy the clearest, hottest, hippest, and most rousing radio entertainment, seamlessly across the country. Wherever they live, whenever they want, in any style they can imagine, blues, classical, Tejano, rock, oldies, jazz, R&B, country, gospel, rap, news, talk Sirius XM Satellite Radio will provide the pure tone programming, choice and convenience that todays consumers demand. (www. siriusxmradio. weebly. com)I think that they are conveyance of title the message that you will be satisfied with an array and variety of music, no matter where you are at and that it will be high quality. stance, Location, Location Sirius XM Radio is an American broadcasting company that provides satellite radio services operating in the U. S. The company also has a Canadian hyponym called Sirius XM Canada, an affiliate company that provides Sirius XM service in Canada. (www. wikipedia. org)