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Company News

Gary Parsons Exits Sirius XM as Board Chairman In an 8-K filing with the SEC, Sirius XM Radio revealed the departure of board chairman Gary Parsons. He had served as Chairman of XM Satellite Radio from 1997-2008 and Chairman of Sirius XM since the merger. The company's board of directors has elected Eddy W. Hartenstein, an existing independent director, to become More

Sirius XM Subscribers Hit with Monthly Surcharge Sirius XM Radio subscribers are paying more as the satcaster is adding a $1.98 to its subscription fees, in a move it says covers an increase music-royalty fees. Some have speculated that the hike is "an end run" around the FCC's approval of the merger that prohibits the combined companies from raising prices for More

TRN Inks Longterm Syndication Deal with Dr. Laura Talk Radio Network is partnering with Take On The Day for the syndication management and affiliate marketing of "The Dr. Laura Program," hosted by Dr. Laura Schlessinger. She's currently heard by 8.25 million weekly listeners in over 40 countries on over 250 radio outlets, as well as Armed Forces Radio and Sirius XM Radio. The More

Report: Sirius XM Rate Hike Upsets Subscribers Sirius XM is preparing to raise its subscription fees this week, to cover what the satcaster says is an increase music-royalty fees. The Columbus Dispatch says that some are speculating that the hike is based on royalty fees and the move is "an end run" around a FCC ruling when Sirius and XM merged last year. In a More

NASDAQ Notifies Sirius XM of Non-Compliance Issue NASDAQ has officially notified Sirius XM Satellite Radio that it is no longer in compliance with NASDAQ's independent director requirement. In an 8-K filing with the SEC on June 23, the satcaster said that Jeffrey D. Zients, an independent director, had resigned from its board. Zients was required to resign as a director when More

Sports USA Ups Ross Tucker to Fulltime NFL Analyst Former NFL offensive lineman Ross Tucker will become a fulltime game analyst for Sports USA Radio Network's NFL coverage throughout the 2009 season. Tucker joined the network last season as a parttime NFL and NCAA analyst after retiring from a 7-year NFL career with the Redskins, Cowboys, Bills, Patriots and Browns. "I'm More

Sirius XM Execs Sell Off 3M Shares of Company Stock According to filing with the SEC, several execs at Sirius XM have sold upwards of three million shares of the satcaster's stock since May 15. Collectively, 3.09 million shares of Sirius XM stock were sold between May 15 and June 17. Executive VP/CFO David J. Frear sold 573,780 shares, Executive VP/General Counsel Patrick More

Focus 360 Signs Sports Byline USA Ad Rep Deal Focus 360's National Focus division inks an ad sales/rep deal with the national sports radio network Sports Byline USA and its 175 radio affiliates. In addition to its network, Sports Byline USA's programming is distributed on the Internet, through Sirius/XM Satellite Radio, American Forces Radio Network, CRN Digital Talk Radio More

NYF Announces Programming and Promotion Awards New York Festivals has announced the Radio Programming & Promotion Award winners for its 2009 competition. All in all, there were four grand award winners, 30 gold world medals, 36 silver, 42 bronze and 58 finalist certificates. NYF's 2009 Radio Programming & Promotion Broadcaster of the Year was awarded to Radio Free More

Sirius XM CEO Karmazin Inks Extension, Gets Raise Sirius XM CEO Mel Karmazin has received a $250,000 per-year raise in his paycheck, boosting his salary to $1.5 million annually. Additionally, he inked a contract extension through December 31, 2012, according to a filing with the SEC. Karmazin will also receive an option to purchase 120 million shares of its common stock at 43 More

Clear Channel Names Jon Zellner as Senior VP/P Clear Channel Radio names Jon Zellner as Senior VP/Programming, effective July 20. He is currently Sirius XM's Senior VP/Music Programming. In his new role, Zellner will work with PDs across the radio giant's major and mid-sized markets, reporting to Executive VP/Operations Mark Kopelman. "Radio has been my passion for as More

Sirius XM Ups Blatter to Sr. VP/Music Programming Sirius XM Radio ups 6-year company vet Steve Blatter to Senior VP/Music Programming overseeing all of the satcaster's commercial-free music channels via satellite and the Internet. He replaces Jon Zellner, who joins Clear Channel as Senior VP/P. Blatter will continue to be responsible for the Sirius XM Talent and Industry More

Stern Says Absence From App is a ''Rights Thing'' In his first live show since Sirius XM launched an application through Apple's App Store, Howard Stern said his absence on the new service was a "contractual rights thing," and that it may, or may not, be worked out. According to the Motley Fool, his original contract doesn't cover premium mobile apps, and he either More

Sirius XM Radio Now Available in Apple App Store Sirius XM has launched a free application in the Apple App Store that will allow iPhone and iPod touch users to access the satellite radio company's some 120 audio channels. The satcaster also plans to make available its expanded Internet content, including some of its new and popular showcase channels, created just for More

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