Jennifer Witz finally realizes SiriusXM is more than in the car....the big meeting on Nov 8

Kryptonite

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Oct 21, 2008
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Oh wait!

New feature, at least on my phone: When I'm using the search feature, auto-suggest is there! If I type something like "how" the rest fills in like it does when I type anywhere else.
 

Channel98

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In 2023, SiriusXM CEO Jennifer Witz announced plans to focus more on streaming than on in-car subscribers. In 2024 – actually, today – SiriusXM CEO Jennifer Witz announced plans to focus more on in-car subscribers than on streaming. In 2025, how about SiriusXM hiring a new CEO? A fine idea! Shares of SiriusXM closed today at 25.22, a loss of 3.52 (12.25%).
 
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Channel98

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So Witz received $16,200,000 in stock "awards." Based on SiriusXM's current share price of $21.67, that would be 747,577 shares. She has a long way to go to catch up to multi-national conglomerate Berkshire Hathaway, which owns 119,800,000 shares. That's 35.4% of the outstanding shares.
 

Jon

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Dec 16, 2008
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I could say something but it'll get political in a BIG hurry! :censored:
 

Channel98

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Revenue is down. Profits are down. Earnings per share are down. The number of subscribers is down. Shares of SiriusXM closed today at 19.50, a drop of 1.92 (8.96%).

 

scotchandcigar

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Revenue is down. Profits are down. Earnings per share are down. The number of subscribers is down. Shares of SiriusXM closed today at 19.50, a drop of 1.92 (8.96%).

None of this is really surprising.
 

Jon

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Radio as a whole is dying, Sirius seems to be the best performing 'radio' stock left, even at $19.50. iHeart closed at 1.06, Audacy is 0.15, Salem is at 1.61. Everybody (including me) is running toward Apple Music, Spotify or Youtube, with the younger generations going toward all of the above and TikTok for their discovery. I'd be willing to bet the younger generation barely knows what their hometown radio is like. Can't imagine Sirius being any different.

Even in my case, I usually gravitate toward the Xtra channels and the on-demand content (countdowns, David Fricke's Writers Block show on the Spectrum which is fantastic, and anything else on-demand). I can see a day where Sirius shoots down the satellites and fires all the DJs and just becomes like Spotify and their ilk.
 

MonoStereo

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I can see a day where Sirius shoots down the satellites and fires all the DJs and just becomes like Spotify and their ilk.
It kinda pains me to say this as a former DJ, but I'd be fine with that. I can't think of 1 DJ they have that I really get much from. If I need to know the info on a song I don't recognize, I can always look at the screen in my car.
 

Jon

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It kinda pains me to say this as a former DJ, but I'd be fine with that. I can't think of 1 DJ they have that I really get much from. If I need to know the info on a song I don't recognize, I can always look at the screen in my car.
I'm old enough to remember when radio was still pretty good, before Clear Channel bought everything. I had a few favorite DJs on local radio, once the last one retired I haven't touched any stations in the Denver area since. Music is on my phone or smart speaker, I have the mlb app for baseball, and Sirius streaming for every other sport, Alerts for breaking news or weather comes through on my phone notifications. Non-Sirius radio has been dead to me for about a decade now. Not sure if Sirius will suffer the same fate after awhile, right now I'd say no, but who knows. If I find myself using more of the xtra channels I'll consider it since all that is available in different fashions on Apple Music.
 

Channel98

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Jon, KBCO 97.3 in Denver is adult album alternative, similar to Sirius XM Channel 28, The Spectrum – except with commercials. In the past hour they've played Led Zeppelin, Bob Marley, Michael Andrews, Lorde, Rosa Linn, Bob Moses, Cake, U2, 311, Jonah Kagen, Lord Huron, Blind Melon, No Doubt, Good Neighbours, Cannons, Collective Soul, Stone Temple Pilots. Michael Franti & Spearhead and Nathaniel Rateliff & The Night Sweats. The DJs are Bret Saunders, Robbyn Hart (pictured below), Keefer Fulghum and Grant Smith.


1746143717762.jpeg
 

Jon

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Jon, KBCO 97.3 in Denver is adult album alternative, similar to Sirius XM Channel 28, The Spectrum – except with commercials. In the past hour they've played Led Zeppelin, Bob Marley, Michael Andrews, Lorde, Rosa Linn, Bob Moses, Cake, U2, 311, Jonah Kagen, Lord Huron, Blind Melon, No Doubt, Good Neighbours, Cannons, Collective Soul, Stone Temple Pilots. Michael Franti & Spearhead and Nathaniel Rateliff & The Night Sweats. The DJs are Bret Saunders, Robbyn Hart (pictured below), Keefer Fulghum and Grant Smith.


View attachment 10497
I know, I live there.
 

Channel98

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And you said you no longer listen to Denver radio stations. It's okay. I seldom listen to any Los Angeles-area music stations.
 

Jon

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And you said you no longer listen to Denver radio stations. It's okay. I seldom listen to any Los Angeles-area music stations.
But KBCO has only been around since 1977. That was one of the stations I regularly listened to before Clear Channel took them over. You're not telling me anything I don't already know. Especially since I've been here since 1978.
 

sadchild

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Mar 28, 2016
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Radio as a whole is dying
My punch out feature on WPNH was canceled because the station switched from active rock to classic rock (because Westwood One, the service that pushes the music to them, canceled the format). Just like TV catering to old people who can't imagine getting their entertainment any other way than the cable guide (my father-in-law, my dad), radio is following their original audience from the 70s to the grave. And then they'll be gone too.
I'm old enough to remember when radio was still pretty good, before Clear Channel bought everything.
I had a few favorite DJs on local radio,
Exactly. What kept me listening to radio in the 00s was good Djs with interesting talk and interesting music, especially about things happening in my neck of the woods. Clear Channel turned it into copy/paste one-signal-fits-all uninspired, uninteresting garbage.

Record companies did the same thing. The 90s alt rock sound is huge, copy/paste it! Don't find the next big thing, copy the old big thing, until it's dead, because I'm retiring soon and I want this money to keep flooding in, who cares about the future of music.
 

IdRatherBeSkiing

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Oct 11, 2008
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My punch out feature on WPNH was canceled because the station switched from active rock to classic rock (because Westwood One, the service that pushes the music to them, canceled the format). Just like TV catering to old people who can't imagine getting their entertainment any other way than the cable guide (my father-in-law, my dad), radio is following their original audience from the 70s to the grave. And then they'll be gone too.

Exactly. What kept me listening to radio in the 00s was good Djs with interesting talk and interesting music, especially about things happening in my neck of the woods. Clear Channel turned it into copy/paste one-signal-fits-all uninspired, uninteresting garbage.

Record companies did the same thing. The 90s alt rock sound is huge, copy/paste it! Don't find the next big thing, copy the old big thing, until it's dead, because I'm retiring soon and I want this money to keep flooding in, who cares about the future of music.
by the 00s radio in the US was dead. Canadian radio has avoided the CC type cookie cutter stuff so far.