Sirius XM Holdings (SIRI) is an American broadcasting company that provides three satellite radio services operating in the United States: Sirius Satellite Radio, XM Satellite Radio, and Sirius XM Radio. The company also has a Canadian subsidiary called Sirius XM Canada, an affiliate company that provides Sirius and XM service in Canada. At the end of 2013, Sirius reorganized their corporate structure, which made Sirius XM Radio Inc. a direct, wholly owned subsidiary of Sirius XM Holdings, Inc. Sirius XM Radio was formed after the U.S. Federal Communications Commission (FCC) approved the acquisition of XM Satellite Radio Holding, Inc. by Sirius Satellite Radio, Inc. on July 29, 2008, 17 months after the companies first proposed the merger. The merger brought the combined companies a total of more than 18.5 million subscribers based on current subscriber numbers on the date of merging. The deal was valued at $3.3 billion, not including debt. Through Q1 2016, Sirius XM has 30.1 million subscribers. The proposed merger was opposed by those who felt a merger would create a monopoly. Sirius and XM argued that a merger was the only way that satellite radio could survive.
Reported before open today (4/28/16) Earnings: EPS $0.03 Revenue $1.201B Estimates: EPS $0.03 Revenue $1.178B
Reported before open today (7/26/16) Earnings: EPS $0.03 Revenue $1.2B Estimates: EPS $0.04 Revenue $1.22B Up 4.82% today
Sold my position in SIRI today. Price falling back. Figured better take my profit while i still had some. Wish it would move more.
