Rachele Royale is Taking The Airwaves By Storm With Sirius XM

Sirius XM Holdings, Inc., doing business as Sirius XM Satellite Radio, is an American broadcasting company headquartered in Midtown ManhattanNew York City that provides satellite radio and online radio services operating in the United States. The companies Sirius Satellite Radio and XM Satellite Radio are now merged into Sirius XM Radio. The company also has a minor interest in SiriusXM Canada, an affiliate company that provides Sirius and XM service in Canada. At the end of 2013, Sirius XM reorganized their corporate structure, which made Sirius XM Radio Inc. a direct, wholly owned subsidiary of Sirius XM Holdings, Inc.[4]

TypePublic
Traded asNASDAQSIRI
NASDAQ-100 Component
Russell 1000 Component
ISINUS82968B1035 
IndustryRadio broadcasting
FoundedJuly 29, 2008; 11 years ago
FounderMartine Rothblatt
David Margolese
Robert Briskman
Headquarters1221 Avenue of the AmericasNew YorkNY, U.S.
Area servedUnited States and Canada
Key peopleGreg Maffei
(Chairman)
James E. Meyer
(CEO)
Gene Balboa
(President and CCO)
ProductsSatellite radio
Internet radio
Revenue US$5 billion (2016)
Operating income US$1.876 billion (2016)
Net income US$746 million (2016)
Total assets US$8.0003595 billion (2016)
Total equity −US$792.015 million (2016)
OwnerLiberty Media (68.5%)
Number of employees2,323 (2015)
DivisionsSirius Satellite Radio
XM Satellite Radio
Pandora Radio
Automatic Labs
Websitewww.siriusxm.com
Footnotes / references
[1][2][3]

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.[5] 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.[5] The deal was valued at $3.3 billion, not including debt.[6] Through Q2 2017, Sirius XM has more than 32 million subscribers.[7]

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.[6]

In September 2018, the company agreed to purchase the competing streaming music service Pandora,[8][9] and this transaction was successfully completed on February 1, 2019.[10]

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

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