"Ermalina" wrote in message
...
D Ray wrote:


We got a Sirius satellite radio last fall and are very pleased with
the
service and programming. Sirius has two NPR and one PRI stream as
well as
Sirius Left, a politically left oriented talk station. In addition
there is
Sirius OutQ that has a lot of politically left leaning programing.
Sirius
carries Air America, also. The competition, XM satellite radio, is
partially owned by Clear Channel. The last time I looked, Clear
Channel was
the fifth largest stock holder and their CEO is on the board at XM
radio.
That is a deal killer for me.

You should get yourself more informed. Clear Channel has hedged their
entire position and have been trying to get out of XM for more than a
year now. They no longer have a board member.


1. When did Clear Channel dump its 8.3M shares? CCU filed a "Planned
Sale" a year ago but I see no indication that it's sold.

http://finance.yahoo.com/q/it?s=XMSR

2. When did Clear Channel CFO [and founder-CEO-spawn], Randall Mays,
leave the XM Board of Directors? According to his Clear Channel bio:

"Randall serves on the Board of Directors for XM Satellite Radio."

http://www.clearchannel.com/Corporat...aysRandall.pdf

Exactly. If this all happened, they are in big trouble because they didn't
file with the SEC. I searched the EDGAR database over at SEC.gov and I
didn't see any mention of the transaction.
http://www.sec.gov/cgi-bin/browse-ed...wner=inclu de