Sirius XM Holdings, Inc., doing business as Sirius XM Satellite Radio, 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. 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.
|Traded as||NASDAQ: SIRI|
Russell 1000 Component
|Founded||July 29, 2008; 11 years ago|
|Headquarters||1221 Avenue of the Americas, New York, NY, U.S.|
|Area served||United States and Canada|
|Key people||Greg Maffei|
James E. Meyer
(President and CCO)
|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)|
|Owner||Liberty Media (68.5%)|
|Number of employees||2,323 (2015)|
|Divisions||Sirius Satellite Radio|
XM Satellite Radio
|Footnotes / references|
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 Q2 2017, Sirius XM has more than 32 million subscribers.
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.
Sirius XM Radio is a primary entry point for the Emergency Alert System.