The free trial of Sirius Radio for iPhone is the 7th most popular free app in the app store. Reaching over 1 million downloads within the first two weeks, this is one of the fastest-selling apps to date. The app allows users to stream up to 120 Sirius radio stations for one week. Users can purchase a song while it is playing, or add it to favorites to purchase later on iTunes.
NPR Labs, under the supervision of the Corporation for Public Broadcasting (CPB), will be conducting a $350,000 study to determine how HD radio signals can be strengthened without interfering with regular FM broadcasting. For some, the HD signal is lost when they take their radio indoors.
Liberty Media, the company which owns a controlling interest in DirectTV and recently saved Sirius XM from the brink of bankruptcy with a $530 million cash loan, is playing with the idea of packaging Sirius XM subscriptions with DirectTV subscriptions.
Liberty Media has struck a deal with the ailing Sirius XM. Liberty will loan Sirius $530 million, in exchange for equity and several seats on the company’s board. There are two phases to this cash transfer. $280 million will be a senior secured loan, and $250 of this will be in Sirius’ hands today.
Wednesday, 11 February 2009
Sirius XM has engaged in what some call a calculated move by considering filing bankruptcy under Chapter 11. The New York Times suggests that this might be a bid to get Charles Ergen, the owner of Dish Network and EchoStar, to convert the Sirius debt that he recently bought into an ownership stake in the company.