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SiriusXM history
SiriusXM company history timeline
In 1992 the company became known as CD Radio, Inc., and made Satellite CD Radio, Inc. its sole subsidiary.
1993: Sky Highway Radio Corp. is purchased.
By 1994 the company had spent $10 million on development costs, but had accumulated a deficit of $9.5 million.
In April 1997, after fighting a fierce anti-satellite radio lobbying campaign by the National Association of Broadcasters, the firm bought the first of two licenses granted by the FCC to broadcast digital radio signals, paying $83.3 million at auction.
In May 1999 CD Radio's financing topped $1 billion when it sold $200 million worth of senior notes to investors.
In June 2000 Sirius arranged for $150 million in new credit from Lehman Brothers, which would become available after its system was successfully demonstrated.
In early 2001, while it projected that broadcasting would start in the summer, Sirius sold additional stock worth $230 million.
On February 14, 2002, Sirius launched service to four states, and coverage was extended to the rest of the country by July 1.
Sales in the fall were strong, as newly introduced "plug and play" receivers sold well, and by January 2004, Sirius had 261,000 subscribers, compared with XM's 1.36 million.
Signing Howard Stern in the Fall of 2004
His first show on satellite radio aired on January 9, 2006, and the relationship proved profitable enough for both parties that Stern re-signed with Sirius on several…
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Zippia gives an in-depth look into the details of SiriusXM, including salaries, political affiliations, employee data, and more, in order to inform job seekers about SiriusXM. The employee data is based on information from people who have self-reported their past or current employments at SiriusXM. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by SiriusXM. The data presented on this page does not represent the view of SiriusXM and its employees or that of Zippia.
SiriusXM may also be known as or be related to SIRIUS XM HOLDINGS INC., Sirius XM Holdings, Sirius XM Holdings Inc, Sirius XM Holdings Inc., Sirius XM Radio, Inc., Sirius Xm Radio Inc., SiriusXM, xm satellite radio and sirius satellite radio.