Sirius is on the verge of acquisition by Liberty Media, John Malone's multimedia giant. Speculation about the future mandate of SIRI CEO Mel Karmazin under Liberty control has been circulating the Internet for some time. The possibility of a Sirius without Karmazin seems somewhat more likely, with Mr. Karmazin himself saying he doesn't expect to keep his office, as well as Liberty CEO Greg Maffei who voiced his opinion that Karmazin was not irreplaceable.
Meanwhile, SIRI is moving slowly into Internet integration and is trying to diversify its satellite model. The company is not quite there yet, with no personalized stations styled after what Pandora Media, Inc. (NYSE:P) is offering through its Internet radio service. The higher royalties payable for Internet streams compared to satellite broadcasting may be levelled by a bill adequately named the "Internet Radio Fairness Act" which is awaiting Senate approval.
Sirius have been doing well financially in the second quarter of 2012, with record-setting subscriber additions, the majority of whom are car radio customers. Over the last week SIRI stock has been comfortably gravitating around the $2.50 mark, closing at that exact price yesterday, after moving up $0.03.
IMPORTANT SIRI UPDATE: September 27th 2012 - SIRI is making a chart pattern that has been seen 67 times since the year 2000. 58.21% of the stocks that have made this pattern went down over 13% on average in a 20 day period. Watch the video to learn more about the probabilities of SIRI stock moving up or down.
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