SiriusXM merging with iHeartMedia?!

[kingchuck69]

SiriusXM, iHeartMedia Eye Merger, With Irving Azoff and Apollo in Mix

Insiders say music industry mogul Irving Azoff and Apollo Global Management are consulting on the deal.

www.hollywoodreporter.com

Remember, Stern was dumped by iHeart (fka Clear Channel) over the Janet Jackson nip slip. He claimed that iHeart owed him millions.

Talk about interesting....

 

[Channel98]

Interesting indeed. The two companies would gain access to each other's podcasts and personalities. Shares of iHeartMedia – which owns 885 radio stations (including FM translators) – closed today at 5.42. Shares of SiriusXM closed at 26.61.

 

[Kryptonite]

iHeartSiriusXMPandoraStitcher and isn't there something else in there too?

Remember that XM once had a lot of terrestrial stations too.

 

[Madison]

Interesting indeed. The two companies would gain access to each other's podcasts and personalities. Shares of iHeartMedia – which owns 885 radio stations (including FM translators) – closed today at 5.42. Shares of SiriusXM closed at 26.61.

I remember around 2009 or 2010 the SXM stock price was .10. If I would have invested $1000, I would calculate that it would be 10000 shares which would now be 266000. I did think about it at the time because I believed in the product. I just didn't know how to go about buying it and finding that the stock would be an authentic sale

 

[Channel98]

Shares of XM Satellite Radio were 12.24 at the beginning of 2008. Then came the merger with Sirius, the financial crisis, a near-bankruptcy and a bailout by Liberty Media. At the end of 2008, shares of SiriusXM were 0.55, down 96% for the year. On February 11 2009, shares hit a low of 0.49.

Shares are now 26.61. You ask why the share price has risen so dramatically? Well, it really hasn't. On September 10 2024, SiriusXM executed a 1-for-10 stock split. For every ten shares an investor held, he would receive one new share equal in value. Before the split, shares were 2.67. After the split, shares c;losed at 27.09.

 

[HecticArt]

Great..... iHeart has done such a good job of making FM radio listenable..... What could possible go wrong?

 

[Wolf]

If they merge, I would love to have some commercial free FM radio stations. Which I know will never happen.

 

[Madison]

It could be called " iHeartSiriusXM" iHSXM

 

[MonoStereo]

I remember around 2009 or 2010 the SXM stock price was .10. If I would have invested $1000, I would calculate that it would be 10000 shares which would now be 266000. I did think about it at the time because I believed in the product. I just didn't know how to go about buying it and finding that the stock would be an authentic sale

I went thru this exact scenario over a decade ago when Facebook went public. I had a feeling it would do well at some point, because everyone I knew was on that site all the time. I was thinking about it when it got just under 20 bucks a share back in 2012. A couple years later I had just spent a couple grand on World Series tickets, & wondered if I had taken that money & spent it on FB shares where I'd be now.

So say I bought in at 20 bucks a share - that's 100 shares if I used that $2000. In August of last year it hit $785. Yesterday it closed as $675. So that's $78500 last year & $67500 as of yesterday. I'd be cool with either of those.

 

[Kryptonite]

If they merge, I would love to have some commercial free FM radio stations. Which I know will never happen.

Part of that reason is because the commercials pay not just the on-air talent, but the record labels.

(It's also why people don't understand why college football broadcasts never show the bands.)

 

[Kryptonite]

I went thru this exact scenario over a decade ago when Facebook went public. I had a feeling it would do well at some point, because everyone I knew was on that site all the time. I was thinking about it when it got just under 20 bucks a share back in 2012. A couple years later I had just spent a couple grand on World Series tickets, & wondered if I had taken that money & spent it on FB shares where I'd be now.

So say I bought in at 20 bucks a share - that's 100 shares if I used that $2000. In August of last year it hit $785. Yesterday it closed as $675. So that's $78500 last year & $67500 as of yesterday. I'd be cool with either of those.

What nobody considered about Facebook was the enshittification therein. What used to be stuff we all actually liked and updates from friends is now political dreck and other shit from "influencers" and TikTok-like reels.

Why should I get an update about a friend I haven't seen in ten years being right down the street when I can see two compete fucking dopes try to think up a state that doesn't have a particular letter in the name?

Better yet, I saw "news" about multiple college football stadiums in line for 5b (yes, billion) in renovations. Obviously the link was something totally irrelevant, but it didn't stop the comments from coming in.

 

[Channel98]

Don't forget "Can you find the five differences between these two pictures?" and "I bet you can't think of a man's first name that ends with the letter K" and "I have a new puppy. Can you help me think of a cute name that starts with M?"

On April 30, SiriusXM will report its 2026 Quarter 1 earnings. Earnings per share are expected to be $0.70, an 18.64% increase over 2025 Quarter 1.

 

[Kryptonite]

This punk song isn't safe for work, but what did you expect?

 

[Wolf]

Part of that reason is because the commercials pay not just the on-air talent, but the record labels.

(It's also why people don't understand why college football broadcasts never show the bands.)

I know that. But not everyone wants to listen to a damn commercial on the radio for like 5 minutes or how ever they are long whenever they are on breaks.

We're in a day in an age where DJ's can easily be replaced by AI.

 

[Channel98]

At least five radio stations have AI DJs. KBFF in Portland, Oregon, was the first.

World's first AI DJ hits the airwaves in Oregon via RadioGPT

KBFF Live 95.5 FM in Portland, Oregon made history last week by debuting the world's first AI DJ, modeled after one of its afternoon hosts.

www.foxbusiness.com

For 2 years, DJ Tori has ruled Rock 108's overnight shifts. She isn't real

KFMW Rock 108 has been transparent from the start about their use of an AI DJ to introduce eastern Iowa to new rock 'n' roll music.

www.iowapublicradio.org

 

[Kryptonite]

I know that. But not everyone wants to listen to a damn commercial on the radio for like 5 minutes or how ever they are long whenever they are on breaks.

We're in a day in an age where DJ's can easily be replaced by AI.

AI is never going to pay the labels though.

It's been probably close to 20 years with some radio stations going to an "auto DJ" from midnight to 6am or whatever times. You can listen for over an hour and not hear a single DJ.

Hell, a 6-hr SiriusXM on-air shift is voice tracked in the span of what, 2-3 hours?

AI is pissing in my face and telling me it's raining. It's the damn 1-800 numbers that give me the voice bot with the fake typing. Don't insult my intelligence and make me listen to fake typing when I'm chatting with a robot.