Like many others in my business, the technical talk starts to eclipse plain talk. But this AM station snaps me out of it.
Sirius XM Satellite Radio has been working with advisers to prepare for a possible bankruptcy filing in a move that could put pressure on satellite company EchoStar, which owns a substantial amount of the company’s debt.
Despite setbacks, analysts say Sirius XM Radio, now the only satellite radio provider in the United States, is still a good long-term buy for investors. But do traditional AM/FM stations have as much potential for profit?
Thursday Clear Channel Communications shareholders voted to approve the company's sale to a group of private equity investors, led by Bain Capital and Thomas H. Lee Partners. Friday the company said a quick tally of votes indicated that 97 percent of the shares voted were in favor of the transaction.
There are still some loud voices of dissent; Commissioner Jonathan Adelstein is concerned about the merged company having too much power. He pointed out that XM-Sirius would have "more spectrum than AM and FM combined."
Regulators reached an agreement to conditionally approve Sirius Satellite Radio's purchase of XM Satellite Radio as the companies said they would pay millions of dollars to settle allegations of past rule violations.
Commissioners at the Federal Communications Commission have reached an agreement to approve Sirius Satellite Radio's purchase of XM Satellite Radio , the Wall Street Journal reported.
The Federal Communications Commission is close to giving a green light to Sirius Satellite Radio's proposed takeover of acquisition of XM Satellite Radio, the Wall Street Journal reported Wednesday.
A Federal Communications Commission member who sought further concessions in a pending satellite radio buyout withdrew his offer Wednesday after it failed to draw support.
The details haven't been announced but Drudge is reporting that the deal goes through 2016 and is worth more than $400 million dollars. I've spoken to a number of record industry insiders, and though no one would confirm those exact numbers, they all said that the high figure make sense.
Don Imus again faces questions this morning over on-air remarks about race.
XM and Sirius Satellite radio--the nation's only two satellite radio operators--have cleared a major hurdle: FCC Chair Kevin Martin recommended approval of their merger. This puts them one step closer to the deal that's now valued at roughly $7.5 billion dollars, based on recent stock prices.
If the banks let this deal collapse, they should prepare to be sued from here to eternity. And rightfully so, Cramer says.
It might have seemed like a boring day in the stock market, but there was plenty of action including late-breaking news on Clear Channel, the pre-earnings Oracle trade and more.
The DoJ's approval of XM-Sirius was a long time coming, Dennis Kneale says. Now it's up to the FCC.
Even if the market comes back, do not expect the terrestrial radio companies to follow suit. Here's why.
He’s been the merger’s staunchest opponent. Now the Democrat from Texas explains his position to Cramer.
The Mad Money host calls out the members of Congress who are blocking the XM-Sirius merger from going through.
Merger or no merger, Sirius will be the clear winner of the satellite radio wars, Cramer says. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Imus isn't talking, yet, but it's safe to say radio's best-known curmudgeon will have lots to say when his show kicks off at 6 a.m. EST Monday on WABC-AM and other Citadel Broadcasting stations around the country, ending his nearly eight-month banishment from the air.