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SiriusXM swung to a $677 million net loss last quarter from a $243 million profit the year before on a one-time, noncash charge of $976 million at Pandora. The anticipated hit was based on Pandora’s royalty cost structure.

Satellite radio giant SiriusXM has completed its acquisition of podcast platform Stitcher. The company unveiled the closing of the deal, which it had announced this summer and which called for it to pay E.W.

Audio entertainment giant SiriusXM is disciplined in its content spending, but willing to pay for attractive programming, CEO Jim Meyer said during a virtual investor conference on Tuesday. Appearing at the virtual Goldman Sachs Communacopia Conference, he was asked about the firm's roughly $460 million content spend in 2019, or 6 percent of revenue, in addition to $1.7 billion in music royalties.

Satellite radio giant SiriusXM said Tuesday that CEO James Meyer will step down as CEO on Dec. 31 and become vice chairman.

Also Read: 'The Walking Dead' to End After 11 Seasons, 2 New Spinoffs in the Works“Sean joined AMC Networks a decade ago as we were preparing to become a separately traded public company,” AMC Networks President and CEO Josh Sapan said in a statement on Tuesday. “Since that time he has not only been a superb CFO, but a critical member of the executive team and a valued business partner to me.

Jill Goldsmith Co-Business EditorIn a lively morning of executive shuffles, AMC Networks said Sean Sullivan, chief financial officer, will be jumping to SirusXM in mid-October, as the satellite broadcaster announced that its CEO Jim Meyer and its CFO David Frear are both stepping down. AMC Networks said it will appoint an interim CFO or successor prior to Sullivan’s departure.SiriusXM said Meyer will retire on December 31 and Jennifer Witz, president, Sales, Marketing and Operations, will take

Jem Aswad Senior Music EditorSiriusXM today announced that Chief Executive Officer Jim Meyer intends to retire on December 31, 2020.Upon his retirement, Jennifer C. Witz, President of Sales, Marketing and Operations, will become the Company’s new CEO.Gregory B.

Audio entertainment giant SiriusXM has raised its 2020 subscriber forecast ahead of an appearance by CEO Jim Meyer at a virtual investor conference on Wednesday. SiriusXM now expects full-year self-pay subscriber net additions of approximately 700,000, up from 500,000.

Jill Goldsmith Co-Business EditorSiriusXM CEO Jim Meyer said he’s “optimistic” about striking a new deal with the company’s star property Howard Stern, whose contract expires at year end. The renewal has been a focus of Wall Street and the press for months as the deadline approaches.“I am personally deeply engaged in conversations with Howard’s team.

Jim Meyer emphasized this point during Thursday's earnings call by saying "business models matter, and our business model is very resilient."Satellite radio and streaming subscriptions survived a 32.7% decline in Q2 G.D.P., a record spike in unemployment and a 48% decline in April auto sales (and smaller declines in May and June).

Jill Goldsmith Co-Business EditorSiriusXM CEO Jim Meyer said the company’s in contract talks with star host Howard Stern, whose agreement expires at year end. He said he “knows what Howard wants” and is trying to make it work.“I don’t want to be overly optimistic, but I want Howard here.

Jill Goldsmith Howard Stern’s contract with Sirius XM is up at year end and the company’s CEO Jim Meyer said he plans to pick up the pace on renewal talks and “work hard” to keep the outspoken, wildly popular host.“The relationship between Howard and myself has been great and is great right now… I trust Howard and Howard trusts me,” said Meyer at the CSFB media conference Wednesday. Renewal talks started late last year.

SiriusXM expects to grow its self-pay subscriber base in the current second quarter despite headwinds from the novel coronavirus pandemic, CEO Jim Meyer said on Thursday during the audio entertainment giant's virtual annual shareholder meeting. He said he expects self-pay subscriber additions for the quarter to be "positive," while analysts have recently estimated self-pay subscriber losses of around 200,000 for the period.

SiriusXM expects to grow its self-pay subscriber base in the current second quarter despite headwinds from the novel coronavirus pandemic, CEO Jim Meyer said on Thursday during the audio entertainment giant's virtual annual shareholder meeting.

By Jill Goldsmith

Audio entertainment giant SiriusXM, the home of Howard Stern, on Tuesday said it added self-pay subscribers in its satellite radio and Pandora businesses for the first quarter, the first one affected by the coronavirus pandemic. But the company, controlled by John Malone's Liberty Media, withdrew its 2020 guidance

Jim Meyer, CEO of satellite radio company SiriusXM Holdings, saw his total compensation for 2019 rise 6.5 percent to $18.78 million, up compared with $17.63 million in 2018, according to the company's proxy statement filed with the Securities and Exchange Commission on Tuesday. He had made $9.66 million in 2017.

Jim Meyer, CEO of satellite radio company SiriusXM Holdings, saw his total compensation for 2019 rise 6.5 percent to $18.78 million, up compared with $17.63 million in 2018, according to the company's proxy statement filed with the Securities and Exchange Commission on Tuesday. He had made $9.66 million in 2017.

Jim Meyer, CEO of Audio entertainment giant SiriusXM, the home of Howard Stern, on Tuesday said the coronavirus outbreak had yet to dramatically impact the auto supply chain on which his company depends for new satellite radio subscriptions.

Over the last decade, SiriusXM has been home to a number of artist-specific channels, such as the Grateful Dead, Bob Dylan, Willie Nelson and Bruce Springsteen.