Sirius XM CEO: “We know an awful lot about Pandora”

Sirius XM held its Q2 earnings call last week, and investors pursued two lines of questioning about Pandora. First as a potential acquisition, thanks to a recent revelation that Liberty Media, parent company of Sirius XM, had made an offer to Pandora. Second as a potential threat to Sirius XM’s business. CEO james E. Meyer addressed both points. PLUS, more from the call. Continue Reading


Pandora rebuffed a purchase offer from Sirius XM’s owner

Just hours ahead of its second-quarter earnings call, we’ve learned that Pandora has reportedly turned down a proposed bid from Liberty Media. The owner of Sirius XM allegedly floated an offer to buy out the online audio company for $15 per share, valuing Pandora at more than $3.4 billion. Sources are saying that Pandora board rejected the informal bid, citing the price as too low. Continue Reading


Sirius XM Q4 reports show lower income but spike in revenue

Sirius XM reported its fourth-quarter financial results. Net income for the period totaled $134.63 million, or 3 cents per share, down 5.9% from income of $143.12 million, or 3 cents per share, in the year-ago quarter. Quarterly revenue increased about 10% on-year to $1.20 billion, surpassing analysts’ expectations of $1.19 billion after a third-quarter revenue total of $1.17 billion. Continue Reading