First, a recap of the news: Sirius is spending 0 million on preferred Pandora stock, which gets the company a 19% stake in the music streaming service.
Sirius will also have three seats on Pandora’s board, and Pandora separately agreed to sell its Ticketfly ticketing unit to Eventbrite for 0 million.
In 2008, the FCC approved the merger of Sirius Satellite Radio and XM Satellite Radio, basically saying it was OK to create a satellite radio monopoly because otherwise the companies would go out of business due to competition from digital.
The merger was a profitable move for both companies.
Sirius XM has a market monopoly on delivering music via satellite.
I’ll admit it, I hated them even using the service, and I ended up a customer anyway.
The Pandora investment represents a kind of long-term insurance policy for Sirius against these market shifts.
Sirius is not the brightest star because it is more luminous than other visible stars, but because it is located so close to the solar system.It will, however, remain the brightest star seen from Earth for the next 210,000 years.Sirius has an apparent magnitude of -1.46, which makes it almost twice as bright as Canopus, the second brightest star in the sky, located in Carina constellation.TV host, model and actress, Jenny Mc Carthy talks about everything from dating, parenting, sex, relationships, pop culture and current events.She is joined by celebrity friends, comedians and other special guests.