Prospector
Profile
3-24-004
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| Sirius Satellite Radio, Inc. |
NAICS |
515112 |
| 1221 Ave. of the Americas, 36th Fl.
New York, NY 10020 |
Description |
Radio Stations |
| (212) 584-5100 |
Employees |
973 |
| http://www.sirius.com/ |
Revenue |
(mil) |
922.0600 |
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Income |
(mil) |
-565.2500 |
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Assets |
(mil) |
1694.1500 |
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Liability |
(mil) |
2486.8900 |
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(for the year ended 2007-12-31) |
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Category:
Loss/Deficit
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Event:
Sirius Satellite Radio, Inc., reported net loss of $565.3 million for 2007, an improvement of 49% over the 2006 net loss of $1.1 billion. The adjusted loss from operations for 2007 improved to $327.4 million, as compared to the adjusted loss from operations of $513.1 million in 2006. For the fourth quarter 2007 the net loss was $166.2 million as compared with the fourth quarter 2006 net loss of $245.6 million. The adjusted loss from operations for the fourth quarter 2007, was $107.2 million, an improvement of 36% as compared with the $166.8 million adjusted loss from operations in the fourth quarter 2006. At December 31, 2007, the Company's balance sheet showed total assets of $1.694 billion and total liabilities of $2.486 billion, resulting to a stockholders' deficit of $0.792 billion.
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Intellectual Property:
The Company has several registrations and approved applications in the U.S. Patent and Trademark Office for the SIRIUS trademark and the Dog Design logo used in connection with its products and service. In connection with music programming, the Company must negotiate and enter into royalty arrangements with two sets of rights holders: holders of copyrights in musical works, or songs, and holders of copyrights in sound recordings. [SEC Filing 10-K 02-29-08]
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Description:
Sirius Satellite Radio, Inc., broadcasts digital-quality audio from three orbiting satellites throughout the continental U.S.
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Officers:
Joseph P. Clayton (Chair); Mel Karmazin (CEO & Dir.); David J. Frear (EVP & CFO); Adrienne Calderone (SVP & Controller); Leon D. Black (Dir.); Lawrence F. Gilberti (Dir.); James P. Holden (Dir.); Warren N. Lieberfarb (Dir.); Michael J. McGuiness (Dir.); James F. Mooney (Dir.)
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Auditor:
Ernst & Young LLP
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Securities:
Common Stock Symbol SIRI; NasdaqGS; 1,476,584,321 common shares oustanding as of February 27, 2008.
9-5/8% senior notes due 2013; 3-1/4% convertible notes due 2011; 2-1/2% convertible notes due 2009; 3-1/2% convertible notes due 2008; 8-3/4% convertible subordinated notes due 2009.
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