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Wikipedia

Sirius XM

April 08, 2023

Sirius XM Holdings Inc. is an American broadcasting company headquartered in Midtown Manhattan, New York City that provides satellite radio and online radio services operating in the United States. It was formed by the 2008 merger of Sirius Satellite Radio and XM Satellite Radio, merging them into SiriusXM Radio. The company also has a 70% equity interest in Sirius XM Canada,[1] an affiliate company that provides Sirius and XM service in Canada. On May 21, 2013, Sirius XM Holdings, Inc. was incorporated,[1] and in January 2020, Sirius XM reorganized their corporate structure, which made Sirius XM Radio Inc. a direct, wholly owned subsidiary of Sirius XM Holdings, Inc.[2]

SiriusXM Holdings Inc.
TypePublic
IndustryRadio broadcasting
PredecessorsSirius Satellite Radio, XM Satellite Radio
FoundedJuly 29, 2008; 14 years ago (2008-07-29)
Founders
Headquarters1221 Avenue of the Americas,
New York City
,
United States
Area served
United States and Canada
Key people
Products
Revenue US$9.0 billion (2022)
US$1.647 billion (2019)
US$1.21 billion (2022)
Total assets US$11.149 billion (2019)
Total equity US$−754.0 million (2019)
OwnerLiberty Media (72%)
Number of employees
4,534 (2019)
Subsidiaries
Websitesiriusxm.com
Footnotes / references
[1]

The U.S. Federal Communications Commission (FCC) approved the merger of XM Satellite Radio and Sirius Satellite Radio, Inc. on July 29, 2008, 17 months after the companies first proposed it.[3] The merger created a company with 18.5 million subscribers,[3] and the deal was valued at US$3.3 billion, not including debt.[4] The proposed merger was opposed by those who felt it would create a monopoly. Sirius and XM argued that a merger was the only way that satellite radio could survive.[4]

In September 2018, the company agreed to purchase the streaming music service Pandora,[5][6] and this transaction was completed on February 1, 2019.[7] Since then, SiriusXM has grown to be the largest audio entertainment company in North America.[8]

As of 12 July 2022, Sirius XM had approximately 34 million subscribers.[1]

Sirius XM Radio is a primary entry point for the Emergency Alert System.[9]

Pre-merger

Early days of Sirius

Main article: Sirius Satellite Radio

Sirius Satellite Radio was founded by Martine Rothblatt, who served as the new company's chairman of the board.[10] Co-founder David Margolese served as chief executive officer and Robert Briskman served as president and Chief Operating Officer.[11][12] In 1990, Rothblatt founded Satellite CD Radio in Washington, D.C.[10][13] The company was the first to petition the FCC to assign unused frequencies for satellite radio broadcast, which "provoked a furor among owners of both large and small [terrestrial] radio stations".[13] In April 1992, Rothblatt resigned as chairman and CEO to start a medical research foundation.[10] Former NASA engineer Briskman, who designed the company's satellite technology, was then appointed chairman and CEO.[14][15] Six months later, in November 1992, Rogers Wireless co-founder Margolese, who had provided financial backing for the venture, acquired control of the company and succeeded Briskman. Margolese renamed the company CD Radio, and spent the next five years lobbying the FCC to allow satellite radio to be deployed, and the following five years raising US$1.6 billion, which was used to build and launch three satellites into elliptical orbit from Kazakhstan in July 2000.[15][16][17][18] In 1997, after Margolese had obtained regulatory clearance and "effectively created the industry", the FCC also awarded a license to XM Satellite Radio, which followed Sirius' example.[19] In November 1999, marketing chief Ira Bahr convinced Margolese to again change the name of the company,[20] this time to Sirius Satellite Radio, in order to avoid association with the soon-to-be-outdated CD technology.[12] Having secured installation deals with automakers, including BMW, Chrysler and Ford,[18] Sirius launched the initial phase of its service in four cities on February 14, 2002,[21] expanding to the rest of the contiguous United States on July 1, 2002.[22]

In November 2001, Margolese stepped down as CEO, remaining as chairman until November 2003, with Sirius issuing a statement thanking him "for his great vision, leadership and dedication in creating both Sirius and the satellite radio industry".[23] Joe Clayton, former CEO of Global Crossing, followed as CEO from November 2001 until November 2004; stayed on as chairman until July 2008.[24] Mel Karmazin, former president of Viacom, became CEO in November 2004 and remained in that position through the merger, until December 2012.[25][26]

Early days of XM

Main article: XM Satellite Radio

The origin of XM Satellite Radio was a Petition for Rulemaking filed at the Federal Communications Commission (FCC) by regulatory attorney and Founder of Satellite CD Radio Martine Rothblatt, to establish frequencies and licensing rules for the world's first-ever Satellite Digital Audio Radio Service (SDARS).[27][28] On May 18, 1990, Satellite CD Radio, Inc. (SCDR) filed a Petition for Rule Making in which it requested spectrum to offer Compact Disc quality digital audio radio service to be delivered by satellites and complementary radio transmitters.[29] Following the Allocation NPRM, the FCC established a December 15, 1992, cut-off date for applications proposing satellite DARS to be considered in conjunction with CD Radio's application.[30][31] One such application came from American Mobile Radio Corporation (AMRC), the predecessor company to XM Satellite Radio.[32] XM Satellite Radio was founded by Lon Levin and Gary Parsons.[33][34] It has its origins in the 1988 formation of the American Mobile Satellite Corporation (AMSC), a consortium of several organizations originally dedicated to satellite broadcasting of telephone, fax, and data signals.[35] 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 1998.[36][37] Its planned financing was complete by July 2000, at which point XM had raised US$1.26 billion and secured installation agreements with General Motors, Honda, and Toyota.[18][38] Initially scheduled for September 12, 2001, XM's service start date was postponed due to the September 11, 2001, terrorist attacks on the World Trade Center and The Pentagon.[39] XM Satellite Radio's first broadcast was on September 25, 2001, nearly four months before Sirius.[22]

Gary Parsons served as chairman of XM Satellite Radio from its inception through the merger, and resigned from the position in November 2009.[34] Hugh Panero served as XM's CEO from 1998 until July 2007, shortly after the merger with Sirius was proposed. Nate Davis was appointed interim CEO until the merger was completed, at which point Sirius CEO Mel Karmazin took over as CEO of the newly merged company, Sirius XM.[40]

Merger

 
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  • In depth: XM and Sirius merger

Announcement

After years of speculation (the New York Post first reported on a potential merger in January 2005) [25] and three months of serious negotiations, the US$13 billion merger between Sirius and XM was officially announced on February 19, 2007.[41] At the time, the nation's only two satellite radio providers reported nearly 14 million combined subscribers (with nearly 8 million belonging to XM), with neither having turned an annual profit. Sirius was valued at US$5.2 billion, and XM at US$3.75 billion.[35] Each subscription was sold for US$12.95 monthly.[42]

XM and Sirius executives felt the merger would lower programming costs by eliminating overlapping stations and duplicated marketing costs. According to their original operating licenses, the two companies were not allowed to ever own each other's license. In proceeding with the merger, Sirius CEO Mel Karmazin ignored this rule, gambling that the FCC would consider other audio entertainment to be competitors and allow the merger to proceed by waiving the rule.[41][43]

Approval

After a 57-week review process, the U.S. Justice Department approved the Sirius and XM merger on March 24, 2008, concluding that satellite radio competes with terrestrial radio, online streaming, and mp3 players and tablets.[43][44] On July 25, 2008, the FCC approved the merger with a 3–2 vote, determining that it was not a monopoly because of competition on the Internet.[45] FCC chairman Kevin Martin stated, "The merger is in the public interest and will provide consumers with greater flexibility and choices".[This quote needs a citation]

The biggest challenge for the newly unified company was selling more subscriptions with the drop in the number of cars sold annually in the U.S., the subsequent reduced demand for cars equipped with satellite radio, as well as online radio-streaming competition. Conditions of the merger included allowing any third-party company to make satellite radio devices; producing new radios that can receive both XM and Sirius channels within one year; allowing consumers to choose which channels they would like to have; freezing subscription rates for three years; setting aside 8% of its channels for noncommercial programmers; and paying US$19.7 million in fines for past rule violations.[46][47] Sirius and XM began merging their channels on November 12, 2008.[48]

Each share of XM stock was replaced with 4.6 shares of Sirius stock. Each company's stockholders initially retained approximately 50% of the joined company.[49] At the time of the merger, Sirius' top programming included channels for Howard Stern, and Martha Stewart; live NBA and NFL games; and live NASCAR races. XM's programming included channels for Willie Nelson, Opie and Anthony, Snoop Dogg, and Oprah Winfrey; and live Major League Baseball games.[44]

Opposition

The National Association of Broadcasters was adamantly opposed to the merger, calling it a monopoly.[41] Shortly after the Justice Department gave its support to the merger without restrictions, attorneys general from 11 states (Connecticut, Iowa, Maryland, Mississippi, Missouri, Nevada, Ohio, Oklahoma, Rhode Island, Utah, and Washington) urged the FCC to impose restrictions on the merger.[50] Several Congressional Democrats also opposed the merger, calling it anticompetitive and criticizing the Bush administration for allowing it to go through.[44]

Post-merger

Resurgence and growth

After coming close to filing for Chapter 11 only months after the 2008 merger, having gone so far as to hire lawyers to prepare a possible bankruptcy filing,[51] Sirius XM was able to avoid declaring bankruptcy with the assistance of a US$530 million loan from Liberty Media in February 2009, which Mel Karmazin negotiated in exchange for a 40% equity stake in Sirius XM.[52][53]

In the fourth quarter of 2009, Sirius XM posted a profit for the first time, with a net income of US$14.2 million. This came after net losses of US$245.8 million in the year following the merger. The company's resurgence was owed in part to the loan from Liberty Media. Increased automobile sales in the U.S. were also a factor. Sirius XM ended 2009 with 18.8 million subscribers.[52] By the end of 2012, Sirius XM's subscriber base had grown to 23.9 million, mostly due to an increase in partnerships with automakers and car dealers; a strong push in the used-car market; and continued improved car sales in the U.S. in general. The renewal of radio show host Howard Stern's contract through 2015 (US$400 million for five years, US$100 million less than Stern's previous five-year deal) was also a factor in the company's steady growth; Stern's show attracted over 12 million listeners per week.[53][54]

As of 2017, Sirius XM had approximately a 75% penetration rate in the new car market. Out of that 75%, approximately 40% become subscribers. SiriusXM is available in cars from every major car company as well as in assorted trucks, boats and aircraft. The company offers trial subscriptions to new car owners, and then offers customers a variety of subscription options. There are more than 100 million cars on the road with SiriusXM radios installed.

After trying for four years, on December 21, 2010, Sirius XM received approval from the FCC to add service in Alaska and Hawaii. Sirius XM announced on January 17, 2011, that it would place repeaters in those states and adjust three of its satellites to cover those areas. The move gave Sirius XM coverage in all 50 states.[55]

On January 12, 2011, XM Satellite Radio, Inc. was dissolved as a separate entity and merged into Sirius XM Radio, Inc.[56] On April 11, 2011, the Canadian Radio-television and Telecommunications Commission (CRTC) approved the merger of Sirius and XM's Canadian affiliates in Sirius XM Canada.[57]

On April 11, 2013, a New York appeals court upheld a New York judge's ruling, from April 2012, that Howard Stern was not entitled to stock bonuses based on Sirius XM's exceeding subscriber target projections. The court ruled that subscribers to XM Satellite Radio from before the Sirius XM merger should not be counted as "Sirius subscribers" for the purposes of Stern's lawsuit. Stern argued the opposite, because his popularity had played an integral role in helping Sirius acquire XM. He had been seeking US$330 million in stock bonuses.[58][59]

In 2017, SiriusXM surpassed 32 million subscribers.

On September 24, 2018, Sirius XM announced its intent to acquire Pandora for US$3.5 billion.[60] The acquisition was completed on February 1, 2019.[61] On October 19, 2020, SiriusXM announced that it completed the acquisition of Stitcher.[62] It later purchased Conan O'Brien's digital media assets, including his podcast Conan O'Brien Needs a Friend, for $150 million.[63]

In March 2023, SiriusXM announced it would cut 475 employees that amounts to 8% of its workforce. CEO Jennifer Witz cited economic uncertainty and a need to operate with "greater agility and efficiency."[64]

Executives

Following the merger, Sirius CEO Mel Karmazin became CEO of the combined company, and XM chairman Gary Parsons retained his role.[65] XM CEO and co-founder Hugh Panero stepped down in August 2007, shortly after the merger was first announced.[4]

XM Satellite Radio executives who were not offered jobs in the new combined company were assured golden parachute severance packages that had been approved in 2007. Former CEO Nate Davis received a severance package worth US$10 million. Erik Toppenberg, executive vice president of programming, received a severance package worth US$5.34 million. CFO Joseph Euteneuer received a severance package worth US$4.9 million. Vernon Irvin, chief marketing officer, received a severance package worth US$4.5 million.[66]

In November 2009, Parsons resigned as chairman of Sirius XM, receiving a payout of more than US$9 million.[34][66] He was succeeded by Eddy Hartenstein, former publisher and CEO of the Los Angeles Times.[34] In December 2012, Mel Karmazin stepped down as Sirius XM CEO after Liberty Media gained control of 49.5% of the company. James E. Meyer was named interim CEO.[67] On April 30, 2013, he was named permanent CEO.[68] Also in April 2013, Liberty Media CEO Greg Maffei was named Sirius XM's chairman, succeeding Hartenstein.[69]

In October 2019, Denise Karkos was named Chief Marketing Officer[70] and in November 2019, Alex Luke was named Senior VP of Digital Content for SiriusXM and Pandora.[71]

In September 2020, SiriusXM announced that Jennifer Witz will succeed James Meyer as the company's Chief Executive Officer once he retires by December 31, 2020. The company also hired AMC Networks Inc's Sean Sullivan as Chief Financial Officer.[72]

In December 2021, Joe Inzerillo, former CTO of Disney Streaming Services, was named the Chief Technology Officer of SiriusXM.[73]

Internet and mobile

Sirius XM radio content is available to stream online either as an add-on to existing subscriptions or as an Internet-only option.[74]

In August 2011, SiriusXM announced that the company would start offering a personalized interactive online radio experience. MySXM debuted on April 15, 2013, allowing users to fine-tune over 50 existing Sirius XM channels. MySXM is available to all Sirius XM subscribers.[74][75]

The internet player allows subscribers to customize most stations to their liking by adjusting settings like: familiar/hits or unfamiliar/depth, studio recordings or live performances, and new/recent or old/classic material. These customized stations also allow listeners to play music without DJ interruptions. SiriusXM apps also include an extensive lineup of archived programming on SiriusXM On Demand.[citation needed]

On June 17, 2009, Sirius XM released an application for use on Apple's iPhone and iPod Touch, allowing its subscribers to listen to its programming on those devices. The application did not feature all of the programming available to satellite listeners.[76] On March 17, 2011, the application was also made available for the iPad.[77] In 2012, the application was updated for iOS and Android, featuring additional content, and the ability to pause, rewind, and fast-forward through audio streams.[78]

 
Sirius XM's mobile app (version 3.0), as seen on the iPad Mini

On February 4, 2010, the Sirius XM BlackBerry application was announced, for use on BlackBerry smartphones (the Bold, Curve, Storm, and Tour).[79] As of April 2013, the app featured over 150 channels.[80]

On May 28, 2010, the Sirius XM application for Android smartphones was announced.[81] As of April 2013, the app features over 130 channels.[82]

As part of Howard Stern's new five-year contract with SiriusXM, which he signed on December 9, 2010, The Howard Stern Show, which hadn't previously been made available on mobile devices, would now be a part of Sirius XM's mobile app package.[83]

On March 18, 2015, SiriusXM released a refreshed user interface of the application on Android and iOS.[84]

As of October 2017, SiriusXM is available for streaming via custom apps on a variety of connected devices including Amazon Alexa [85] and Fire TV, Sonos, PlayStation, Roku, and smart TVs.[citation needed]

In May 2018, SiriusXM unveiled a new look for both the desktop web player and the mobile apps. The MySXM feature, including all the custom mixes that listeners saved over time, was removed. SiriusXM claims that they're working on a more personalized feature that will release in the upcoming months.[86] SiriusXM later expanded their internet and mobile platforms by acquiring Pandora in February 2019.[61]

In early November 2019, SiriusXM became available to stream on all devices that use Google Assistant.[87]

In June 2022, SiriusXM streaming was added to Xfinity customers using the cable provider's X1, Xfinity Flex, and XClass TV platforms.[88]

Subscriptions

Following the merger, Sirius XM began offering numerous new options, including à la carte offerings, a family-friendly version, and "mostly music" or "news, sports, and talk" packages, ranging in price from US$6.99 to US$16.99 per month.[89]

Prior to the merger, Sirius offered, for a one-time fee, a lifetime subscription for the radio unit (not the customer's lifetime).[35] After the merger, due to changes in bundling policies and contracts, some customers who had purchased lifetime subscriptions had their service reduced or canceled, and were unable to obtain a refund.[90]

In 2021, a settlement was reached in "Alvarez v. Sirius XM Radio Inc." regarding customers with these Sirius lifetime subscriptions. All lifetime subscriptions are now for the lifetime of the owner, not the radio unit. Subscriptions can be transferred from one radio to another for $35. Inactive lifetime subscriptions can be cancelled and owners paid $100 [91]

Legal settlement

On December 4, 2014, Sirius XM Holdings agreed to a US$3.8 million settlement with 45 states and the District of Columbia, over a suit initiated by then-Ohio Attorney General Mike DeWine, stemming from the company's billing and service renewal practices. The suit alleged Sirius XM Holdings was engaged in "misleading, unfair and deceptive acts or practices in violation of state consumer protection laws", Attorney General DeWine said.[92]

Programming

Main article: List of Sirius XM Radio channels

SiriusXM is the exclusive home to Howard Stern, with two dedicated Howard Stern channels. SiriusXM's talk, news, and comedy programming features channels from many news outlets, including: BBC, CNBC, FOX News, CNN, MSNBC, Bloomberg, NPR, and C-SPAN. The programming also includes exclusive talk and entertainment channels such as TODAY Show Radio, Business Radio Powered By The Wharton School, Entertainment Weekly Radio, Faction Talk, Radio Andy, Joel Osteen Radio, and comedy from channels including Comedy Central Radio, Comedy Greats, Laugh USA, Raw Dog Comedy and George Carlin's Carlin's Corner.

SiriusXM music programming includes channels dedicated to multiple decades and genres that span rock, pop, country, R&B, hip-hop, electronic dance, jazz and more, and concept-based channels, such as The Coffee House, SiriusXM Chill, Road Trip Radio, and Yacht Rock Radio.

The service also features several artist-branded channels, including those for Pitbull, The Beatles, Bob Marley, Bruce Springsteen, Steven Van Zandt, Pearl Jam, Grateful Dead, Jimmy Buffett, Phish, Dave Matthews Band, Tom Petty, U2, Ozzy Osbourne, LL Cool J, Eminem, Diplo, Kenny Chesney, Willie Nelson, Kirk Franklin, Frank Sinatra, B.B. King, Red Hot Chili Peppers, Dwight Yoakam, Marky Ramone, Steve Aoki, The Tragically Hip, Chucho Valdés, and Tom Morello.[93] On occasion, SiriusXM has offered limited edition artists channels for a specific period of time, including those for Drake, Metallica, David Bowie, Fleetwood Mac, Prince, Guns N' Roses, Led Zeppelin, George Strait, The Rolling Stones, Eagles, Queen, Beastie Boys, Coldplay, Michael Jackson, Foo Fighters, Aretha Franklin, Miles Davis, Jimi Hendrix, Billy Joel, ABBA, Alicia Keys, Neil Young, and Blue Rodeo.[94][95][96][97][98][99][100][101][102][103]

SiriusXM offers live play-by-play coverage of every NFL, Major League Baseball, and NBA game; every NASCAR race; PGA Tour events; and live college sports, as well as news, analysis and opinions from more than a dozen dedicated sports talk channels.

SiriusXM also offers "Listen Free" events twice a year during late May-early June and late November-early December.

Canadian counterparts

Main article: Sirius XM Canada

In Canada, Sirius Canada and XM Canada were partially owned by Sirius XM (20% and 23.3% respectively) in joint ventures with Canadian companies.[104] After the U.S. merger, the two Canadian ventures did not immediately agree to a similar merger, but instead remained in competition as distinct services.[105] Complicating matters was that Sirius Canada has nearly 80% of the total satellite radio subscriber base in that country, and felt they deserved greater than a 50/50 split of the new company, whereas XM Canada felt their deal with the NHL – a particularly lucrative prize in Canadian sports broadcasting – also warranted a significant amount of value in the new company.[105]

On November 24, 2010, XM Radio Canada and Sirius Canada announced that they would merge their services.[106] On April 12, 2011, the CRTC approved the companies' merger into Sirius XM Canada.[107] John Bitove's Canadian Satellite Radio Holdings Inc., the licensee of XM Canada, gained a 30% share in the new company as its primary and controlling shareholder, while Slaight Communications and the Canadian Broadcasting Corporation, the current owners of Sirius Canada, each retained 20% ownership. Sirius XM's American parent company would hold 25%.[57] The merger was completed on June 21, 2011.[108] Sirius XM Holdings now owns a 70% equity interest and a 33% voting interest in Sirius XM Canada, as of 2020.[1]

Technical

 
Jill Biden at the Sirius XM studio at Rockefeller Plaza participating in a round table about mental health care in 2016.

Receivers

XM and Sirius use different compression and conditional access systems, making their receivers incompatible with each other's service. A condition of the merger was that Sirius XM would bring to the market satellite radios that can receive both XM and Sirius channels within one year.[47] The interoperable radio, called the MiRGE, was made available beginning in March 2009[109] but was soon discontinued after both services eliminated duplicate channels, thus removing the need for it. As of February 2016, Sirius XM offers radios for home, office, automotive, marine, and aviation use.[110]

SiriusXM Marine is graphic weather and fishing info for boaters. The service works with most major marine-electronics hardware companies, such as Raymarine, Furuno, Simrad and Garmin.[111] The Marine Offshore package includes graphic weather radar, cloud-to-cloud and cloud-to-ground lightning, high-resolution coastal and offshore wave heights, direction and intervals, high-resolution sea-surface temperatures, pressure isobars, buoy data, etc.

SiriusXM Aviation provides satellite-based graphic weather information for pilots, which provides better signal coverage and faster data refresh rate than land-based ADS-B service.[112][non-primary source needed] The 2020 FAA Mandate does not require pilots to equip with ADS‑B/FIS‑B weather.[113]

SiriusXM Aviation receiver Model # SXAR1 and Garmin GDL51/GDL52 enables pilots to use an iPad or iPhone with the ForeFlight Mobile App, via Bluetooth, to view the SiriusXM Aviation in-flight weather and data delivered via satellite to monitor storm fronts, track lightning strikes, TAFs, METARs, winds and more.[114]

Satellites

As of May 2022, there are six functional satellites in orbit: two XM, two Sirius, and two supporting both systems (one being a spare).[115][116] XM-3 and XM-4 are the active satellites for the XM service and replaced the original XM-1 and XM-2 satellites (which were placed into disposal orbits). Sirius FM-5 and FM-6 function as the primaries for the Sirius side. FM-6 was launched on October 25, 2013, and was declared ready for service on December 2, 2013. The satellite initially served as an in-orbit spare while the company worked to deploy repeaters for the Sirius side, which were needed to transition to full geostationary orbit operation. In 2016, FM-6 was put into active service and officially replaced Sirius originals FM-1 through FM-3 which operated in elliptical orbit. FM-1 through FM-3 were later placed into disposal orbits. With this change, FM-5 and FM-6 exclusively serve the Sirius service, mirroring XM-3 and XM-4. Before FM-6 was launched, XM-5 was sent into orbit by Proton from Kazakhstan, on October 14, 2010. It is capable of broadcasting to either service.[117][118] XM-5 serves as the in-orbit spare for the entire system and can function in place of either a Sirius or XM satellite. In late 2016, SiriusXM placed an order for two new satellites SXM-7 and SXM-8 which were intended to replace XM-3 and XM-4 and have the capability to deliver either Sirius or XM content to radio receivers. SXM-7 was launched December 13, 2020, via a SpaceX Falcon 9[119] (failed after being successfully placed into orbit),[120] while SXM-8 was launched on June 6, 2021[116] (delayed due to failure of SXM-7).[121][122]

Sirius satellites broadcast within the S-band frequencies from 2.3200 to 2.3325 GHz, while XM radio uses adjacent frequencies 2.3325–2.3450 GHz.[123][124]

Functional satellites

  • Sirius FM-5 (Radiosat 5) – Launch occurred on June 30, 2009.
  • Sirius FM-6 (Radiosat 6, COSPAR 2013-058A) – Launch occurred on October 25, 2013.[125]
  • XM-3 (Rhythm, COSPAR 2005-008A) – Launch occurred on February 28, 2005.[126]
  • XM-4 (Blues, COSPAR 2006-049A) – Launch occurred on October 30, 2006.[126]
  • XM-5 (COSPAR 2010-053A) – Launch occurred on October 14, 2010.[127]
  • SXM-8 – Launch occurred on June 6, 2021, by a SpaceX Falcon 9 launch vehicle.[116]

Defunct satellites

  • Sirius FM-1 (Radiosat 1) – Launch occurred on June 30, 2000.
  • Sirius FM-2 (Radiosat 2) – Launch occurred on September 5, 2000.
  • Sirius FM-3 (Radiosat 3) – Launch occurred on November 30, 2000.
  • Sirius FM-4 (Radiosat 4) – Ground spare, was not launched into orbit. In October 2012, it was donated for display to the National Air and Space Museum's Steven F. Udvar-Hazy Center.[128]
  • XM-1 (Roll, COSPAR 2001-018A) – Launch occurred on May 8, 2001. Retired in 2016 (graveyard orbit).[129]
  • XM-2 (Rock, COSPAR 2001-012A) – Launch occurred on March 18, 2001. FCC license expired in 2014.[129]
  • SXM-7 – Launch occurred on December 13, 2020[130] by a SpaceX Falcon 9 launch vehicle, and was intended to replace satellite XM-3.[131] On January 27, 2021, Sirius XM announced that the satellite suffered failures during in-orbit testing, but did not provide detail on the nature of those failures.[132]
Animation of the decommissioned, original Sirius polar fleet plus the active geostationary FM-5
 
Around the Earth
 
Earth fixed frame – Equatorial view
 
Earth fixed frame – Polar view
  Earth ·   Sirius FM-5 ·   Sirius FM-1  ·   Sirius FM-2  ·   Sirius FM-3

Milestones

The following milestones have been set during and after the merger:

Date Event Comments
February 2007 Execute definitive agreement
March 2007 File FCC application
June 2007 FCC places application on "Public Notice" (DA 07–2417) Comments and petitions were due July 11, 2007; responses and oppositions were due July 24, 2007.
November 2007 Sirius/XM shareholder votes Announced October 4, 2007, and voted upon on November 13, 2007. 96% of Sirus shareholders approved the merger,[133] and 99.8% of XMSR shareholders also approved.[134]
March 2008 Receive regulatory approvals On March 24, 2008, the U.S. Department of Justice ended its investigation of the merger (i.e. decided against blocking the deal).[135]
July 2008 Receive FCC approval On July 25, 2008, the FCC approved the merger voting 3–2.[136]
July 2008 Merger completed XM stock trading ends July 28, 2008. Sirius XM Radio, Inc. becomes the name of the merged corporation.
November 2008 Programming merged
March 2009 MiRGE released First receiver being compatible with both Sirius and XM signals is released
December 2010 Alaska and Hawaii expansion Receives FCC approval to add service to the two states, thus giving Sirius XM coverage in all 50 states
April 2013 MySXM debuts A personalized interactive online radio experience
October 2013 Clear Channel-programmed stations removed Channels programmed by Clear Channel, including America's Talk, Sixx Sense, Fox Sports Radio and WSIX-FM, are removed months after Clear Channel sells its stake in Sirius XM; WHTZ/New York and KIIS-FM/Los Angeles are retained under a separate agreement.[137]
April 2016 Surpasses 30 million subscribers Sirius XM announces through Q1 of 2016, the company has a total of 30.1 million subscribers.[138]
January 2020 Investment in SoundCloud announced US$75 million investment for ad partnership [139]
June 2022 Last iHeartMedia-programmed station removed KIIS-FM/Los Angeles, the last station programmed by iHeartMedia (formerly Clear Channel) on the Sirius XM platform, leaves as part of a pivot to iHeartRadio. WHTZ/New York was removed from the satellite service in 2020.[140]

See also

References

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April 08, 2023
sirius, holdings, american, broadcasting, company, headquartered, midtown, manhattan, york, city, that, provides, satellite, radio, online, radio, services, operating, united, states, formed, 2008, merger, sirius, satellite, radio, satellite, radio, merging, t. Sirius XM Holdings Inc is an American broadcasting company headquartered in Midtown Manhattan New York City that provides satellite radio and online radio services operating in the United States It was formed by the 2008 merger of Sirius Satellite Radio and XM Satellite Radio merging them into SiriusXM Radio The company also has a 70 equity interest in Sirius XM Canada 1 an affiliate company that provides Sirius and XM service in Canada On May 21 2013 Sirius XM Holdings Inc was incorporated 1 and in January 2020 Sirius XM reorganized their corporate structure which made Sirius XM Radio Inc a direct wholly owned subsidiary of Sirius XM Holdings Inc 2 SiriusXM Holdings Inc TypePublicTraded asNasdaq SIRINASDAQ 100 componentIndustryRadio broadcastingPredecessorsSirius Satellite Radio XM Satellite RadioFoundedJuly 29 2008 14 years ago 2008 07 29 FoundersMartine RothblattDavid MargoleseRobert BriskmanHeadquarters1221 Avenue of the Americas New York City United StatesArea servedUnited States and CanadaKey peopleGreg Maffei Chairman Jennifer Witz CEO Scott Greenstein President and CCO Sean S Sullivan CFO ProductsSatellite radioInternet radioRevenueUS 9 0 billion 2022 Operating incomeUS 1 647 billion 2019 Net incomeUS 1 21 billion 2022 Total assetsUS 11 149 billion 2019 Total equityUS 754 0 million 2019 OwnerLiberty Media 72 Number of employees4 534 2019 SubsidiariesSirius XM RadioPandoraStitcherAutomatic LabsSirius XM Canada 32 1 Websitesiriusxm comFootnotes references 1 The U S Federal Communications Commission FCC approved the merger of XM Satellite Radio and Sirius Satellite Radio Inc on July 29 2008 17 months after the companies first proposed it 3 The merger created a company with 18 5 million subscribers 3 and the deal was valued at US 3 3 billion not including debt 4 The proposed merger was opposed by those who felt it would create a monopoly Sirius and XM argued that a merger was the only way that satellite radio could survive 4 In September 2018 the company agreed to purchase the streaming music service Pandora 5 6 and this transaction was completed on February 1 2019 7 Since then SiriusXM has grown to be the largest audio entertainment company in North America 8 As of 12 July 2022 update Sirius XM had approximately 34 million subscribers 1 Sirius XM Radio is a primary entry point for the Emergency Alert System 9 Contents 1 Pre merger 1 1 Early days of Sirius 1 2 Early days of XM 2 Merger 2 1 Announcement 2 2 Approval 2 3 Opposition 3 Post merger 3 1 Resurgence and growth 3 2 Executives 3 3 Internet and mobile 3 4 Subscriptions 3 5 Legal settlement 4 Programming 5 Canadian counterparts 6 Technical 6 1 Receivers 6 2 Satellites 6 2 1 Functional satellites 6 2 2 Defunct satellites 7 Milestones 8 See also 9 References 10 External linksPre merger EditEarly days of Sirius Edit Main article Sirius Satellite Radio Sirius Satellite Radio was founded by Martine Rothblatt who served as the new company s chairman of the board 10 Co founder David Margolese served as chief executive officer and Robert Briskman served as president and Chief Operating Officer 11 12 In 1990 Rothblatt founded Satellite CD Radio in Washington D C 10 13 The company was the first to petition the FCC to assign unused frequencies for satellite radio broadcast which provoked a furor among owners of both large and small terrestrial radio stations 13 In April 1992 Rothblatt resigned as chairman and CEO to start a medical research foundation 10 Former NASA engineer Briskman who designed the company s satellite technology was then appointed chairman and CEO 14 15 Six months later in November 1992 Rogers Wireless co founder Margolese who had provided financial backing for the venture acquired control of the company and succeeded Briskman Margolese renamed the company CD Radio and spent the next five years lobbying the FCC to allow satellite radio to be deployed and the following five years raising US 1 6 billion which was used to build and launch three satellites into elliptical orbit from Kazakhstan in July 2000 15 16 17 18 In 1997 after Margolese had obtained regulatory clearance and effectively created the industry the FCC also awarded a license to XM Satellite Radio which followed Sirius example 19 In November 1999 marketing chief Ira Bahr convinced Margolese to again change the name of the company 20 this time to Sirius Satellite Radio in order to avoid association with the soon to be outdated CD technology 12 Having secured installation deals with automakers including BMW Chrysler and Ford 18 Sirius launched the initial phase of its service in four cities on February 14 2002 21 expanding to the rest of the contiguous United States on July 1 2002 22 In November 2001 Margolese stepped down as CEO remaining as chairman until November 2003 with Sirius issuing a statement thanking him for his great vision leadership and dedication in creating both Sirius and the satellite radio industry 23 Joe Clayton former CEO of Global Crossing followed as CEO from November 2001 until November 2004 stayed on as chairman until July 2008 24 Mel Karmazin former president of Viacom became CEO in November 2004 and remained in that position through the merger until December 2012 25 26 Early days of XM Edit Main article XM Satellite Radio The origin of XM Satellite Radio was a Petition for Rulemaking filed at the Federal Communications Commission FCC by regulatory attorney and Founder of Satellite CD Radio Martine Rothblatt to establish frequencies and licensing rules for the world s first ever Satellite Digital Audio Radio Service SDARS 27 28 On May 18 1990 Satellite CD Radio Inc SCDR filed a Petition for Rule Making in which it requested spectrum to offer Compact Disc quality digital audio radio service to be delivered by satellites and complementary radio transmitters 29 Following the Allocation NPRM the FCC established a December 15 1992 cut off date for applications proposing satellite DARS to be considered in conjunction with CD Radio s application 30 31 One such application came from American Mobile Radio Corporation AMRC the predecessor company to XM Satellite Radio 32 XM Satellite Radio was founded by Lon Levin and Gary Parsons 33 34 It has its origins in the 1988 formation of the American Mobile Satellite Corporation AMSC a consortium of several organizations originally dedicated to satellite broadcasting of telephone fax and data signals 35 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 1998 36 37 Its planned financing was complete by July 2000 at which point XM had raised US 1 26 billion and secured installation agreements with General Motors Honda and Toyota 18 38 Initially scheduled for September 12 2001 XM s service start date was postponed due to the September 11 2001 terrorist attacks on the World Trade Center and The Pentagon 39 XM Satellite Radio s first broadcast was on September 25 2001 nearly four months before Sirius 22 Gary Parsons served as chairman of XM Satellite Radio from its inception through the merger and resigned from the position in November 2009 34 Hugh Panero served as XM s CEO from 1998 until July 2007 shortly after the merger with Sirius was proposed Nate Davis was appointed interim CEO until the merger was completed at which point Sirius CEO Mel Karmazin took over as CEO of the newly merged company Sirius XM 40 Merger Edit Wikinews has related news In depth XM and Sirius merger Announcement Edit After years of speculation the New York Post first reported on a potential merger in January 2005 25 and three months of serious negotiations the US 13 billion merger between Sirius and XM was officially announced on February 19 2007 41 At the time the nation s only two satellite radio providers reported nearly 14 million combined subscribers with nearly 8 million belonging to XM with neither having turned an annual profit Sirius was valued at US 5 2 billion and XM at US 3 75 billion 35 Each subscription was sold for US 12 95 monthly 42 XM and Sirius executives felt the merger would lower programming costs by eliminating overlapping stations and duplicated marketing costs According to their original operating licenses the two companies were not allowed to ever own each other s license In proceeding with the merger Sirius CEO Mel Karmazin ignored this rule gambling that the FCC would consider other audio entertainment to be competitors and allow the merger to proceed by waiving the rule 41 43 Approval Edit After a 57 week review process the U S Justice Department approved the Sirius and XM merger on March 24 2008 concluding that satellite radio competes with terrestrial radio online streaming and mp3 players and tablets 43 44 On July 25 2008 the FCC approved the merger with a 3 2 vote determining that it was not a monopoly because of competition on the Internet 45 FCC chairman Kevin Martin stated The merger is in the public interest and will provide consumers with greater flexibility and choices This quote needs a citation The biggest challenge for the newly unified company was selling more subscriptions with the drop in the number of cars sold annually in the U S the subsequent reduced demand for cars equipped with satellite radio as well as online radio streaming competition Conditions of the merger included allowing any third party company to make satellite radio devices producing new radios that can receive both XM and Sirius channels within one year allowing consumers to choose which channels they would like to have freezing subscription rates for three years setting aside 8 of its channels for noncommercial programmers and paying US 19 7 million in fines for past rule violations 46 47 Sirius and XM began merging their channels on November 12 2008 48 Each share of XM stock was replaced with 4 6 shares of Sirius stock Each company s stockholders initially retained approximately 50 of the joined company 49 At the time of the merger Sirius top programming included channels for Howard Stern and Martha Stewart live NBA and NFL games and live NASCAR races XM s programming included channels for Willie Nelson Opie and Anthony Snoop Dogg and Oprah Winfrey and live Major League Baseball games 44 Opposition Edit The National Association of Broadcasters was adamantly opposed to the merger calling it a monopoly 41 Shortly after the Justice Department gave its support to the merger without restrictions attorneys general from 11 states Connecticut Iowa Maryland Mississippi Missouri Nevada Ohio Oklahoma Rhode Island Utah and Washington urged the FCC to impose restrictions on the merger 50 Several Congressional Democrats also opposed the merger calling it anticompetitive and criticizing the Bush administration for allowing it to go through 44 Post merger EditResurgence and growth Edit After coming close to filing for Chapter 11 only months after the 2008 merger having gone so far as to hire lawyers to prepare a possible bankruptcy filing 51 Sirius XM was able to avoid declaring bankruptcy with the assistance of a US 530 million loan from Liberty Media in February 2009 which Mel Karmazin negotiated in exchange for a 40 equity stake in Sirius XM 52 53 In the fourth quarter of 2009 Sirius XM posted a profit for the first time with a net income of US 14 2 million This came after net losses of US 245 8 million in the year following the merger The company s resurgence was owed in part to the loan from Liberty Media Increased automobile sales in the U S were also a factor Sirius XM ended 2009 with 18 8 million subscribers 52 By the end of 2012 Sirius XM s subscriber base had grown to 23 9 million mostly due to an increase in partnerships with automakers and car dealers a strong push in the used car market and continued improved car sales in the U S in general The renewal of radio show host Howard Stern s contract through 2015 US 400 million for five years US 100 million less than Stern s previous five year deal was also a factor in the company s steady growth Stern s show attracted over 12 million listeners per week 53 54 As of 2017 Sirius XM had approximately a 75 penetration rate in the new car market Out of that 75 approximately 40 become subscribers SiriusXM is available in cars from every major car company as well as in assorted trucks boats and aircraft The company offers trial subscriptions to new car owners and then offers customers a variety of subscription options There are more than 100 million cars on the road with SiriusXM radios installed After trying for four years on December 21 2010 Sirius XM received approval from the FCC to add service in Alaska and Hawaii Sirius XM announced on January 17 2011 that it would place repeaters in those states and adjust three of its satellites to cover those areas The move gave Sirius XM coverage in all 50 states 55 On January 12 2011 XM Satellite Radio Inc was dissolved as a separate entity and merged into Sirius XM Radio Inc 56 On April 11 2011 the Canadian Radio television and Telecommunications Commission CRTC approved the merger of Sirius and XM s Canadian affiliates in Sirius XM Canada 57 On April 11 2013 a New York appeals court upheld a New York judge s ruling from April 2012 that Howard Stern was not entitled to stock bonuses based on Sirius XM s exceeding subscriber target projections The court ruled that subscribers to XM Satellite Radio from before the Sirius XM merger should not be counted as Sirius subscribers for the purposes of Stern s lawsuit Stern argued the opposite because his popularity had played an integral role in helping Sirius acquire XM He had been seeking US 330 million in stock bonuses 58 59 In 2017 SiriusXM surpassed 32 million subscribers On September 24 2018 Sirius XM announced its intent to acquire Pandora for US 3 5 billion 60 The acquisition was completed on February 1 2019 61 On October 19 2020 SiriusXM announced that it completed the acquisition of Stitcher 62 It later purchased Conan O Brien s digital media assets including his podcast Conan O Brien Needs a Friend for 150 million 63 In March 2023 SiriusXM announced it would cut 475 employees that amounts to 8 of its workforce CEO Jennifer Witz cited economic uncertainty and a need to operate with greater agility and efficiency 64 Executives Edit Following the merger Sirius CEO Mel Karmazin became CEO of the combined company and XM chairman Gary Parsons retained his role 65 XM CEO and co founder Hugh Panero stepped down in August 2007 shortly after the merger was first announced 4 XM Satellite Radio executives who were not offered jobs in the new combined company were assured golden parachute severance packages that had been approved in 2007 Former CEO Nate Davis received a severance package worth US 10 million Erik Toppenberg executive vice president of programming received a severance package worth US 5 34 million CFO Joseph Euteneuer received a severance package worth US 4 9 million Vernon Irvin chief marketing officer received a severance package worth US 4 5 million 66 In November 2009 Parsons resigned as chairman of Sirius XM receiving a payout of more than US 9 million 34 66 He was succeeded by Eddy Hartenstein former publisher and CEO of the Los Angeles Times 34 In December 2012 Mel Karmazin stepped down as Sirius XM CEO after Liberty Media gained control of 49 5 of the company James E Meyer was named interim CEO 67 On April 30 2013 he was named permanent CEO 68 Also in April 2013 Liberty Media CEO Greg Maffei was named Sirius XM s chairman succeeding Hartenstein 69 In October 2019 Denise Karkos was named Chief Marketing Officer 70 and in November 2019 Alex Luke was named Senior VP of Digital Content for SiriusXM and Pandora 71 In September 2020 SiriusXM announced that Jennifer Witz will succeed James Meyer as the company s Chief Executive Officer once he retires by December 31 2020 The company also hired AMC Networks Inc s Sean Sullivan as Chief Financial Officer 72 In December 2021 Joe Inzerillo former CTO of Disney Streaming Services was named the Chief Technology Officer of SiriusXM 73 Internet and mobile Edit Sirius XM radio content is available to stream online either as an add on to existing subscriptions or as an Internet only option 74 In August 2011 SiriusXM announced that the company would start offering a personalized interactive online radio experience MySXM debuted on April 15 2013 allowing users to fine tune over 50 existing Sirius XM channels MySXM is available to all Sirius XM subscribers 74 75 The internet player allows subscribers to customize most stations to their liking by adjusting settings like familiar hits or unfamiliar depth studio recordings or live performances and new recent or old classic material These customized stations also allow listeners to play music without DJ interruptions SiriusXM apps also include an extensive lineup of archived programming on SiriusXM On Demand citation needed On June 17 2009 Sirius XM released an application for use on Apple s iPhone and iPod Touch allowing its subscribers to listen to its programming on those devices The application did not feature all of the programming available to satellite listeners 76 On March 17 2011 the application was also made available for the iPad 77 In 2012 the application was updated for iOS and Android featuring additional content and the ability to pause rewind and fast forward through audio streams 78 Sirius XM s mobile app version 3 0 as seen on the iPad Mini On February 4 2010 the Sirius XM BlackBerry application was announced for use on BlackBerry smartphones the Bold Curve Storm and Tour 79 As of April 2013 the app featured over 150 channels 80 On May 28 2010 the Sirius XM application for Android smartphones was announced 81 As of April 2013 the app features over 130 channels 82 As part of Howard Stern s new five year contract with SiriusXM which he signed on December 9 2010 The Howard Stern Show which hadn t previously been made available on mobile devices would now be a part of Sirius XM s mobile app package 83 On March 18 2015 SiriusXM released a refreshed user interface of the application on Android and iOS 84 As of October 2017 SiriusXM is available for streaming via custom apps on a variety of connected devices including Amazon Alexa 85 and Fire TV Sonos PlayStation Roku and smart TVs citation needed In May 2018 SiriusXM unveiled a new look for both the desktop web player and the mobile apps The MySXM feature including all the custom mixes that listeners saved over time was removed SiriusXM claims that they re working on a more personalized feature that will release in the upcoming months 86 SiriusXM later expanded their internet and mobile platforms by acquiring Pandora in February 2019 61 In early November 2019 SiriusXM became available to stream on all devices that use Google Assistant 87 In June 2022 SiriusXM streaming was added to Xfinity customers using the cable provider s X1 Xfinity Flex and XClass TV platforms 88 Subscriptions Edit Following the merger Sirius XM began offering numerous new options including a la carte offerings a family friendly version and mostly music or news sports and talk packages ranging in price from US 6 99 to US 16 99 per month 89 Prior to the merger Sirius offered for a one time fee a lifetime subscription for the radio unit not the customer s lifetime 35 After the merger due to changes in bundling policies and contracts some customers who had purchased lifetime subscriptions had their service reduced or canceled and were unable to obtain a refund 90 In 2021 a settlement was reached in Alvarez v Sirius XM Radio Inc regarding customers with these Sirius lifetime subscriptions All lifetime subscriptions are now for the lifetime of the owner not the radio unit Subscriptions can be transferred from one radio to another for 35 Inactive lifetime subscriptions can be cancelled and owners paid 100 91 Legal settlement Edit On December 4 2014 Sirius XM Holdings agreed to a US 3 8 million settlement with 45 states and the District of Columbia over a suit initiated by then Ohio Attorney General Mike DeWine stemming from the company s billing and service renewal practices The suit alleged Sirius XM Holdings was engaged in misleading unfair and deceptive acts or practices in violation of state consumer protection laws Attorney General DeWine said 92 Programming EditMain article List of Sirius XM Radio channels SiriusXM is the exclusive home to Howard Stern with two dedicated Howard Stern channels SiriusXM s talk news and comedy programming features channels from many news outlets including BBC CNBC FOX News CNN MSNBC Bloomberg NPR and C SPAN The programming also includes exclusive talk and entertainment channels such as TODAY Show Radio Business Radio Powered By The Wharton School Entertainment Weekly Radio Faction Talk Radio Andy Joel Osteen Radio and comedy from channels including Comedy Central Radio Comedy Greats Laugh USA Raw Dog Comedy and George Carlin s Carlin s Corner SiriusXM music programming includes channels dedicated to multiple decades and genres that span rock pop country R amp B hip hop electronic dance jazz and more and concept based channels such as The Coffee House SiriusXM Chill Road Trip Radio and Yacht Rock Radio The service also features several artist branded channels including those for Pitbull The Beatles Bob Marley Bruce Springsteen Steven Van Zandt Pearl Jam Grateful Dead Jimmy Buffett Phish Dave Matthews Band Tom Petty U2 Ozzy Osbourne LL Cool J Eminem Diplo Kenny Chesney Willie Nelson Kirk Franklin Frank Sinatra B B King Red Hot Chili Peppers Dwight Yoakam Marky Ramone Steve Aoki The Tragically Hip Chucho Valdes and Tom Morello 93 On occasion SiriusXM has offered limited edition artists channels for a specific period of time including those for Drake Metallica David Bowie Fleetwood Mac Prince Guns N Roses Led Zeppelin George Strait The Rolling Stones Eagles Queen Beastie Boys Coldplay Michael Jackson Foo Fighters Aretha Franklin Miles Davis Jimi Hendrix Billy Joel ABBA Alicia Keys Neil Young and Blue Rodeo 94 95 96 97 98 99 100 101 102 103 SiriusXM offers live play by play coverage of every NFL Major League Baseball and NBA game every NASCAR race PGA Tour events and live college sports as well as news analysis and opinions from more than a dozen dedicated sports talk channels SiriusXM also offers Listen Free events twice a year during late May early June and late November early December Canadian counterparts EditMain article Sirius XM Canada In Canada Sirius Canada and XM Canada were partially owned by Sirius XM 20 and 23 3 respectively in joint ventures with Canadian companies 104 After the U S merger the two Canadian ventures did not immediately agree to a similar merger but instead remained in competition as distinct services 105 Complicating matters was that Sirius Canada has nearly 80 of the total satellite radio subscriber base in that country and felt they deserved greater than a 50 50 split of the new company whereas XM Canada felt their deal with the NHL a particularly lucrative prize in Canadian sports broadcasting also warranted a significant amount of value in the new company 105 On November 24 2010 XM Radio Canada and Sirius Canada announced that they would merge their services 106 On April 12 2011 the CRTC approved the companies merger into Sirius XM Canada 107 John Bitove s Canadian Satellite Radio Holdings Inc the licensee of XM Canada gained a 30 share in the new company as its primary and controlling shareholder while Slaight Communications and the Canadian Broadcasting Corporation the current owners of Sirius Canada each retained 20 ownership Sirius XM s American parent company would hold 25 57 The merger was completed on June 21 2011 108 Sirius XM Holdings now owns a 70 equity interest and a 33 voting interest in Sirius XM Canada as of 2020 1 Technical Edit Jill Biden at the Sirius XM studio at Rockefeller Plaza participating in a round table about mental health care in 2016 Receivers Edit XM and Sirius use different compression and conditional access systems making their receivers incompatible with each other s service A condition of the merger was that Sirius XM would bring to the market satellite radios that can receive both XM and Sirius channels within one year 47 The interoperable radio called the MiRGE was made available beginning in March 2009 109 but was soon discontinued after both services eliminated duplicate channels thus removing the need for it As of February 2016 update Sirius XM offers radios for home office automotive marine and aviation use 110 SiriusXM Marine is graphic weather and fishing info for boaters The service works with most major marine electronics hardware companies such as Raymarine Furuno Simrad and Garmin 111 The Marine Offshore package includes graphic weather radar cloud to cloud and cloud to ground lightning high resolution coastal and offshore wave heights direction and intervals high resolution sea surface temperatures pressure isobars buoy data etc SiriusXM Aviation provides satellite based graphic weather information for pilots which provides better signal coverage and faster data refresh rate than land based ADS B service 112 non primary source needed The 2020 FAA Mandate does not require pilots to equip with ADS B FIS B weather 113 SiriusXM Aviation receiver Model SXAR1 and Garmin GDL51 GDL52 enables pilots to use an iPad or iPhone with the ForeFlight Mobile App via Bluetooth to view the SiriusXM Aviation in flight weather and data delivered via satellite to monitor storm fronts track lightning strikes TAFs METARs winds and more 114 Satellites Edit As of May 2022 update there are six functional satellites in orbit two XM two Sirius and two supporting both systems one being a spare 115 116 XM 3 and XM 4 are the active satellites for the XM service and replaced the original XM 1 and XM 2 satellites which were placed into disposal orbits Sirius FM 5 and FM 6 function as the primaries for the Sirius side FM 6 was launched on October 25 2013 and was declared ready for service on December 2 2013 The satellite initially served as an in orbit spare while the company worked to deploy repeaters for the Sirius side which were needed to transition to full geostationary orbit operation In 2016 FM 6 was put into active service and officially replaced Sirius originals FM 1 through FM 3 which operated in elliptical orbit FM 1 through FM 3 were later placed into disposal orbits With this change FM 5 and FM 6 exclusively serve the Sirius service mirroring XM 3 and XM 4 Before FM 6 was launched XM 5 was sent into orbit by Proton from Kazakhstan on October 14 2010 It is capable of broadcasting to either service 117 118 XM 5 serves as the in orbit spare for the entire system and can function in place of either a Sirius or XM satellite In late 2016 SiriusXM placed an order for two new satellites SXM 7 and SXM 8 which were intended to replace XM 3 and XM 4 and have the capability to deliver either Sirius or XM content to radio receivers SXM 7 was launched December 13 2020 via a SpaceX Falcon 9 119 failed after being successfully placed into orbit 120 while SXM 8 was launched on June 6 2021 116 delayed due to failure of SXM 7 121 122 Sirius satellites broadcast within the S band frequencies from 2 3200 to 2 3325 GHz while XM radio uses adjacent frequencies 2 3325 2 3450 GHz 123 124 Functional satellites Edit Sirius FM 5 Radiosat 5 Launch occurred on June 30 2009 Sirius FM 6 Radiosat 6 COSPAR 2013 058A Launch occurred on October 25 2013 125 XM 3 Rhythm COSPAR 2005 008A Launch occurred on February 28 2005 126 XM 4 Blues COSPAR 2006 049A Launch occurred on October 30 2006 126 XM 5 COSPAR 2010 053A Launch occurred on October 14 2010 127 SXM 8 Launch occurred on June 6 2021 by a SpaceX Falcon 9 launch vehicle 116 Defunct satellites Edit Sirius FM 1 Radiosat 1 Launch occurred on June 30 2000 Sirius FM 2 Radiosat 2 Launch occurred on September 5 2000 Sirius FM 3 Radiosat 3 Launch occurred on November 30 2000 Sirius FM 4 Radiosat 4 Ground spare was not launched into orbit In October 2012 it was donated for display to the National Air and Space Museum s Steven F Udvar Hazy Center 128 XM 1 Roll COSPAR 2001 018A Launch occurred on May 8 2001 Retired in 2016 graveyard orbit 129 XM 2 Rock COSPAR 2001 012A Launch occurred on March 18 2001 FCC license expired in 2014 129 SXM 7 Launch occurred on December 13 2020 130 by a SpaceX Falcon 9 launch vehicle and was intended to replace satellite XM 3 131 On January 27 2021 Sirius XM announced that the satellite suffered failures during in orbit testing but did not provide detail on the nature of those failures 132 Animation of the decommissioned original Sirius polar fleet plus the active geostationary FM 5 Around the Earth Earth fixed frame Equatorial view Earth fixed frame Polar view Earth Sirius FM 5 Sirius FM 1 Sirius FM 2 Sirius FM 3Milestones EditThe following milestones have been set during and after the merger Date Event CommentsFebruary 2007 Execute definitive agreementMarch 2007 File FCC applicationJune 2007 FCC places application on Public Notice DA 07 2417 Comments and petitions were due July 11 2007 responses and oppositions were due July 24 2007 November 2007 Sirius XM shareholder votes Announced October 4 2007 and voted upon on November 13 2007 96 of Sirus shareholders approved the merger 133 and 99 8 of XMSR shareholders also approved 134 March 2008 Receive regulatory approvals On March 24 2008 the U S Department of Justice ended its investigation of the merger i e decided against blocking the deal 135 July 2008 Receive FCC approval On July 25 2008 the FCC approved the merger voting 3 2 136 July 2008 Merger completed XM stock trading ends July 28 2008 Sirius XM Radio Inc becomes the name of the merged corporation November 2008 Programming mergedMarch 2009 MiRGE released First receiver being compatible with both Sirius and XM signals is releasedDecember 2010 Alaska and Hawaii expansion Receives FCC approval to add service to the two states thus giving Sirius XM coverage in all 50 statesApril 2013 MySXM debuts A personalized interactive online radio experienceOctober 2013 Clear Channel programmed stations removed Channels programmed by Clear Channel including America s Talk Sixx Sense Fox Sports Radio and WSIX FM are removed months after Clear Channel sells its stake in Sirius XM WHTZ New York and KIIS FM Los Angeles are retained under a separate agreement 137 April 2016 Surpasses 30 million subscribers Sirius XM announces through Q1 of 2016 the company has a total of 30 1 million subscribers 138 January 2020 Investment in SoundCloud announced US 75 million investment for ad partnership 139 June 2022 Last iHeartMedia programmed station removed KIIS FM Los Angeles the last station programmed by iHeartMedia formerly Clear Channel on the Sirius XM platform leaves as part of a pivot to iHeartRadio WHTZ New York was removed from the satellite service in 2020 140 See also Edit Spaceflight portalSirius Satellite Radio former company XM Satellite Radio former company 1worldspace former company List of Sirius XM Radio channelsReferences Edit a b c d e 2019 Form 10 K Annual Report PDF SiriusXM Holdings Retrieved July 21 2020 SiriusXM Annual Report and Proxy 2013 PDF shareholder com 2013 Archived from the original PDF on January 4 2015 Retrieved July 27 2014 a b Sirius completes acquisition of XM Satellite Reuters July 28 2008 a b c Hart Kim July 26 2008 Satellite Radio Merger Approved The Washington Post Charte d edition electronique signee par Le Monde l Agefi La Tribune Liberation Investir ZDNet et le Geste Legicom 21 22 1 188 189 2000 doi 10 3917 legi 021 0188 ISSN 1244 9288 Steele Anne Prang Allison September 24 2018 Sirius XM to Buy Pandora in Bet on Streaming Music The Wall Street Journal ISSN 0099 9660 Retrieved September 25 2018 Munarriz Rick April 20 2019 Sirius XM Finally Ends Pandora s Misery The Motley Fool Reilly Patrick Howard Stern Extends His Agreement With SiriusXM Press release PR Newswire Retrieved December 8 2020 FEMA Approves SiriusXM Channels As EAS Source insideradio com November 13 2018 Retrieved July 21 2020 a b c Herper Matthew April 22 2010 From Satellites to Pharmaceuticals Forbes Document showing Martine Rothblatt as founder of Sirius XM June 23 1992 a b Warren Steve 2004 Radio The Book Focal Press p 166 ISBN 978 0 240 80696 9 a b Andrews Edmund L October 8 1992 F C C Plan For Radio By Satellite The New York Times ISSN 0362 4331 Retrieved April 8 2019 Robert Briskman appointed chairman and CEO Satellite News June 1 1992 Archived from the original on October 31 2013 a b McLean Bethany January 22 2001 Satellite Killed The Radio Star Fortune magazine pp 94 100 Dillon Nancy June 5 2000 Beaming Radio Into High Tech Fast Lane New York Daily News Sterling Christopher H 2003 Encyclopedia of Radio Vol 1 Taylor amp Francis p 750 ISBN 978 0 203 48428 9 a b c Romero Simon July 10 2000 XM Satellite Radio Completes Its Financing The New York Times ISSN 0362 4331 Retrieved April 8 2019 Houpt Simon September 2001 Radio Flyer PDF Report on Business pp 14 16 Archived from the original PDF on April 13 2016 Retrieved April 23 2013 Hanson Dana January 6 2019 20 Things You Didn t Know About Sirius XM moneyinc com Sirius Begins Satellite Service Radio magazine February 14 2002 Archived from the original on June 7 2017 a b Parker Steve July 24 2008 XM plus Sirius Satellite Radio Monopoly Huffington Post David Margolese Steps Down as Sirius CEO PRNewswire October 16 2001 Archived from the original on July 8 2017 Retrieved April 23 2013 Wauters Robin May 16 2011 Former Sirius CEO Joseph Clayton Takes Over the Reins from Ergen at DISH Tech Crunch a b Arango Tim January 26 2005 Satellite Chat Sirius XM Are Exploring a Possible Merger New York Post Bond Paul December 19 2012 Mel Karmazin Leaves Sirius XM Radio The Hollywood Reporter Digital Audio Service in the 2310 2360 MHZ Frequency Band Federal Communications Commission March 11 1997 Retrieved November 28 2016 This article incorporates text from this source which is in the public domain Andrews Edmund L October 8 1992 F C C Plan For Radio By Satellite The New York Times United States Government Publishing Office February 14 1995 New Digital Audio Radio Services Federal Register 60 30 This article incorporates text from this source which is in the public domain FCC Announces Plan For Satellite DARS Federal Communications Commission March 3 1997 Retrieved November 29 2016 This article incorporates text from this source which is in the public domain United States Government Publishing Office July 6 1995 Summary of Notice of Proposed Rule Making Federal Register 60 129 This article incorporates text from this source which is in the public domain FR 1995 07 06 Government Printing Office July 6 1995 This article incorporates text from this source which is in the public domain Beiser Vince October 23 2007 Hotel Biz Zillionaire s Next Venture Inflatable Space Pods Wired ISSN 1059 1028 Retrieved April 8 2019 a b c d Shwiff Kathy November 13 2009 Parsons Resigns as Chairman of Sirius XM Radio The Wall Street Journal ISSN 0099 9660 Retrieved April 8 2019 a b c Beschizza Rob February 20 2007 10 Things You Might Not Know About the Sirius XM Merger Wired San Francisco California Wired ISSN 1059 1028 Retrieved April 8 2019 AMRC changes name to XM Satellite Radio XM Satellite Radio press release News Bank November 16 1998 Company News G M and Clear Channel Buy Stake in XM Satellite Radio The New York Times Dow Jones June 9 1999 ISSN 0362 4331 Retrieved April 8 2019 Goldman David March 24 2008 XM Sirius merger approved by DOJ CNN Money Shannon Victoria September 12 2001 Attacks Postpone the Start Of Satellite Radio Service Tech brief XM Delays Service The New York Times ISSN 0362 4331 Retrieved April 8 2019 Triplett William July 24 2007 Hugh Panero leaving XM radio Variety magazine a b c Siklos Richard Sorkin Andrew Ross February 20 2007 Merger Would End Satellite Radio s Rivalry The New York Times ISSN 0362 4331 Retrieved April 8 2019 Kharif Olga July 13 2005 XM and Sirius Should Join Bands Business Week Archived from the original on May 6 2013 a b Moritz Scott March 24 2008 Justice Department approves XM Sirius deal CNN Money a b c Shenon Philip March 25 2008 Justice Dept Approves XM Merger With Sirius The New York Times ISSN 0362 4331 Retrieved April 8 2019 XM And Sirius MB Docket 07 57 Federal Communications Commission July 25 2008 Retrieved July 21 2020 This article incorporates text from this source which is in the public domain Kharif Olga July 25 2008 The FCC Approves the XM Sirius Merger Business Week Archived from the original on January 15 2013 a b Musil Steven July 25 2008 FCC approves Sirius XM satellite radio merger CNET Archived from the original on December 28 2013 Retrieved April 23 2013 Rosoff Matt November 8 2008 Sirius XM channel merge begins next week CNET Ellis David La Monica Paul R February 20 2007 XM Sirius announcer merger CNN Money Rowley James Rowley March 27 2008 States Urge FCC to Limit XM Satellite Sirius Merger Bloomberg Van Buskirk Eliot February 11 2009 Surprise Surprise Sirius XM Already Talking Bankruptcy Wired San Francisco California Wired ISSN 1059 1028 Retrieved April 8 2019 a b Sirius Posts Profit Since Merger in 2009 The New York Times Reuters February 25 2010 ISSN 0362 4331 Retrieved April 8 2019 a b Bercovici Jeff April 3 2012 Sirius XM s Mel Karmazin I m One of the Most Underpaid Executives in the History of Executive Payment Forbes Team Trefis April 12 2013 Can Sirius XM Tune In Big Subscriber Growth This Year Forbes Marcucci Carl January 17 2011 Sirius XM moving to offer service in Alaska Hawaii rbr com 2010 Form 10 K Sirius XM Radio Inc US Securities and Exchange Commission Retrieved April 15 2013 This article incorporates text from this source which is in the public domain a b Broadcasting Decision CRTC 2011 240 crtc gc ca April 11 2011 Retrieved April 23 2013 Gardner Eriq April 11 2013 Howard Stern Loses Bid to Revive US 300 Million Sirius XM Lawsuit The Hollywood Reporter Probasco Jim April 15 2013 Is Stern s loss a win for Sirius XM MSN Money Archived from the original on May 7 2013 Retrieved April 23 2013 SiriusXM buys Pandora for US 3 5 billion The Verge Retrieved September 24 2018 a b Aswad Jem February 1 2019 Sirius XM Completes Acquisition of Pandora Variety Retrieved April 9 2019 SiriusXM Completes Acquisition of Stitcher Weprin Alex May 23 2022 Conan O Brien Sells Podcast Business to SiriusXM for 150M The Hollywood Reporter Archived from the original on May 25 2022 Retrieved May 25 2022 Spangler Todd March 6 2023 SiriusXM Laying Off 475 Employees Cutting 8 of Workforce Variety Retrieved March 7 2023 SIRIUS and XM to Combine in US 13 Billion Merger of Equals Sirius February 19 2007 Archived from the original on February 22 2007 a b Darcy Darlene August 4 2008 Severance deals protect XM Satellite executives Washington Business Journal Jim Meyer Appointed Interim CEO of Sirius XM Mel Karmazin Officially Steps Down Billboard magazine December 19 2012 Szalai Georg April 30 2013 Sirius XM Names Jim Meyer Permanent CEO Boosts Subs Profit in First Quarter The Hollywood Reporter Sherman Alex April 11 2013 Sirius Names Liberty s Maffei Chairman After Shift in Control Bloomberg Denise Karkos Named Chief Marketing Officer of SiriusXM and Pandora Billboard Retrieved December 29 2019 SiriusXM Names Alex Luke Senior VP of Digital Content Variety November 5 2019 Retrieved December 29 2019 SiriusXM names sales head as CEO hires AMC s finance chief Reuters September 15 2020 Retrieved September 16 2020 SiriusXM Names Joseph Inzerillo Chief Product amp Technology Officer Sirius XM Holdings Inc Retrieved February 16 2022 a b Saltzman Marc April 16 2013 MySXM SiriusXM app adds more personalization features USA Today Peoples Glenn April 15 2013 SiriusXM Launches MySXM Interactive Internet Radio Feature Billboard Van Buskirk Eliot June 23 2009 Sirius XM Releases Lite iPhone App WTF Wired San Francisco Calif Wired ISSN 1059 1028 Retrieved April 8 2019 Sirius XM Internet Radio App Featuring iPad Optimized Design Now Available on the iTunes App Store Sirius March 17 2011 Archived from the original on June 8 2012 Retrieved April 23 2013 Saltzman Marc October 28 2012 Sirius XM Internet Radio Newly updated app rocks on iPad USA Today DeLeon Nicholas February 4 2010 Sirius XM application now available for BlackBerry but there s no Howard Stern Tech Crunch BlackBerry Sirius XM Retrieved April 23 2013 SIRIUS XM Radio Android App Now Available SiriusXM May 28 2010 Archived from the original on June 30 2013 Android SiriusXM Retrieved April 23 2013 Howard Stern Signs New Five Year Contract With SIRIUS XM Sirius December 9 2010 Archived from the original on April 14 2013 Retrieved April 23 2013 LaRocca Charles March 19 2015 SiriusXM Releases New iOS App Version 3 0 SiriusXM Retrieved March 20 2015 Alexa play Howard Stern the Echo adds SiriusXM June 20 2017 Chuck on Twitter twitter com Retrieved June 3 2018 Meek Andy October 30 2019 Thanks to a new SiriusXM integration Google Assistant just got even more useful bgr com Retrieved November 1 2019 SiriusXM Launches On Comcast TV Platforms RadioInsight June 29 2022 Retrieved June 30 2022 Puzzanghera Jim July 30 2008 Sirius XM Radio to offer the best of both services sort of Karmazin predicts success Los Angeles Times Woodruff Cathy February 10 2011 Sirius XM merger leaves users with serious mess Albany NY Times Union Alvarez v Sirius XM Radio Inc Retrieved March 16 2023 Lipka Mike SiriusXM accused of misleading customers CBS News Retrieved March 31 2015 Channel Lineup amp Guide SiriusXM Retrieved May 1 2021 Listen to Drake s OVO Sound Radio on SiriusXM s SOUND 42 Channel UPDATE Complex Retrieved May 1 2021 SiriusXM Launches Dedicated Artist Channels For Prince Led Zeppelin David Bowie More L4LM April 29 2020 Retrieved May 1 2021 Bob Marley Queen Coldplay and more get their own SiriusXM radio stations NME July 16 2020 Retrieved May 1 2021 Hear exclusive performance new album Medicine At Midnight amp more on handcrafted Foo Fighters channel SiriusXM February 22 2021 Retrieved May 1 2021 Pay tribute to Black artists amp their musical influence all month long Hear amp Now February 2 2021 Retrieved May 1 2021 Get in the mood for a melody when Billy Joel s exclusive channel returns to SiriusXM Hear amp Now January 4 2021 Retrieved May 9 2021 Feel the beat with ABBA s classics new music amp exclusive stories on their new channel Sirius XM Blog November 29 2021 Retrieved December 7 2021 Listen to Neil Young s limited run channel featuring music from his new album Barn Hear amp Now December 7 2021 Retrieved December 7 2021 Get the best of Alicia Keys with an all new channel celebrating her decades long career Hear amp Now December 7 2021 Retrieved December 7 2021 SiriusXM celebrates Blue Rodeo s 16th studio album with the launch of Blue Rodeo Radio www newswire ca Sirius XM Canada Retrieved December 7 2021 Jay Paul July 30 2008 XM Sirius merger in U S raises competition concerns in Canada CBC News a b XM Sirius merger not replicated in Canada The Hollywood Reporter July 29 2008 Protalinski Emil November 25 2010 XM and Sirius to finally merge in Canada techspot com CRTC Approves Sirius XM Merger In Canada All Access April 12 2011 Sirius Canada and XM Canada Complete Merger Broadcaster Magazine June 21 2011 Archived from the original on August 10 2014 Retrieved June 22 2011 Melanson Donald January 8 2009 Sirius XM rolls out interoperable MiRGE satellite radio Engadget Radios Sirius XM Retrieved February 16 2016 SiriusXM Marine Weather SiriusXM SiriusXM Aviation Overview 2018 SiriusXM govinfo govinfo gov This article incorporates text from this source which is in the public domain ForeFlight adds support for Garmin GDL 50 51 and 52 September 7 2018 SiriusXM Satellites and Repeaters Sirius Buzz October 7 2012 a b c Thompson Amy June 6 2021 SpaceX rocket launches Sirius XM digital radio satellite nails nighttime landing at sea Space com Retrieved June 6 2021 Clark Stephen October 14 2010 Sirius CM Radio satellite launched by Russian rocket Spaceflight Now Application for Modification Federal Communications Commission This article incorporates text from this source which is in the public domain SXM 7 8 Contract Award Space Systems Loral Sheetz Michael January 27 2021 Sirius XM s latest satellite built by Maxar and launched by SpaceX suffers failure in orbit CNBC Retrieved January 27 2021 Forrester Chris March 1 2021 SXM 7 confirmed as a total loss Advanced Television Retrieved March 1 2021 December 2020 Amy Thompson 13 December 13 2020 SpaceX just launched a powerful Sirius XM satellite into orbit and nailed a rocket landing SPACE com Retrieved December 14 2020 Satellite S Band Radio Frequency Table CSG Network August 15 2011 Retrieved April 23 2013 FM 6 Technical Description Federal Communications Commission This article incorporates text from this source which is in the public domain Sirius FM6 Radiosat 6 Gunter s Space Page a b XM 3 4 XM Rhythm Blues space skyrocket de XM 5 space skyrocket de Sirius FM1 FM2 FM3 FM4 Radiosat 1 2 3 4 space skyrocket de a b XM 1 2 XM Rock Roll space skyrocket de SiriusXM s New SXM 7 Satellite Built by Maxar and Launched Aboard a SpaceX Falcon 9 Performing Properly After Launch Business Wire December 13 2020 Retrieved December 13 2020 SpaceX launch of a Falcon 9 Block 5 Sirius SXM 7 Space Launch Schedule Retrieved October 10 2020 Sheetz Michael January 27 2021 Sirius XM s latest satellite built by Maxar and launched by SpaceX suffers failure in orbit CNBC Retrieved January 27 2021 Sirius stockholders approved merger Orbitcast November 13 2007 Archived from the original on June 7 2008 Retrieved July 31 2008 XM shareholders approve merger Orbit Cast November 13 2007 Archived from the original on August 28 2008 Retrieved July 31 2008 Department of Justice Statement of the Department of Justice Antitrust Division on its Decision to Close its Investigation of XM Satellite Radio Holdings Inc s Merger with Sirius Satellite Radio Inc U S DOJ March 2008 This article incorporates text from this source which is in the public domain XM Sirius Merger Gets FCC Approval Fox Business Associated Press July 24 2008 Archived from the original on July 30 2008 Retrieved July 31 2008 Venta Lance August 2 2013 Clear Channel Sells SiriusXM Stake Stations To Leave Service RadioInSight Retrieved January 24 2014 Szalai George SiriusXM Home of Howard Stern Surpasses 30M Subscribers Billboard Retrieved April 11 2016 Music streaming pioneer SoundCloud raises US 75M from Pandora owner SiriusXM Tech Crunch February 11 2020 Retrieved February 17 2020 KIIS FM To Depart SiriusXM RadioInsight May 26 2022 Retrieved June 19 2022 External links Edit Wikimedia Commons has media related to Sirius XM Holdings Official website Business data for Sirius XM Holdings GoogleSEC filingsYahoo Retrieved from https en wikipedia org w index php title Sirius XM amp oldid 1147955580, wikipedia, wiki, book, books, library,

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