pimg class="float_right" src="/~~/f?id=4936fbed14b9b93000d42887maxX=320maxY=226" border="0" alt="mel-karmazin-reuters-summit.jpg" title="mel-karmazin-reuters-summit.jpg" width="320" height="226" /How did satellite radio company Sirius XM (SIRI) do on Black Friday? Depends how you look at things./p p"We did exactly what we wanted to do for Black Friday," CEO Mel Karmazin said today, "which is not great news because we didn't have high expectations."/p pKarmazin says Sirius is on track to grow Q4 revenues in the double digits, percentage-wise, a href="http://www.reuters.com/article/Media08/idUSTRE4B25HQ20081203"according to Reuters/a. Analysts expect Sirius to post $627 million in Q4 sales, which would represent 12% pro-forma sales growth./p pMel also said:/p ul liHe "is confident the company can refinance debt due in 2009." ($1 billion worth.)br //li liSirius "will also be able to boost revenues in 2009 and has no immediate plans to cut its subscription prices."/li liHe also "ruled out any interest in selling Sirius XM in the near term." "We don't feel that we need to be acquired," he said. "You should assume the company is not for sale."/li /ul pKarmazin spoke at Reuters' media summit, which is not open to non-Reuters journalists./p pstrongSee Also:/strongbr /a href="../../2008/11/yes-sirius-siri-can-certainly-go-to-zero"Yes, Sirius XM Can Certainly Go To Zero/abr /a href="../../2008/10/siriusxm-ceo-car-sales-can-tank-and-we-ll-still-be-fine"Sirius XM CEO: Car Sales Can Tank And We'll Still Be Fine/abr /a href="../../2008/11/sirius-xm-our-christmas-will-suck-siri"Sirius XM: Our Christmas Will Suck/a/p pa href="http://feedads.googleadservices.com/~at/dSx8YmOhS9QbrOXCKMLiuTVCyeM/a"img src="http://feedads.googleadservices.com/~at/dSx8YmOhS9QbrOXCKMLiuTVCyeM/i" border="0" ismap="true"/img/a/pdiv class="feedflare" a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=2deTsyl4"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?i=2deTsyl4" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=PuhALWuF"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=52" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=iRaCsMsR"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=80" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=55x06fSh"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?i=55x06fSh" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=8OTFvpsp"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=131" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=m3X1iKYQ"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=336" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=xlqKzL3w"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=41" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=8sYLg5Cy"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=50" border="0"/img/a /divimg src="http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~4/MgCpwhajs7A" height="1" width="1"/

pimg class="float_right" src="/~~/f?id=47d7fc2314b9b9b00066bea6maxX=200maxY=151" border="0" alt="mel-karmazin.jpg" title="mel-karmazin.jpg" width="200" height="151" /Satellite radio's biggest problem: a href="http://www.alleyinsider.com/2008/11/sirius-xm-slower-growth-ahead-siri-"Slowing subscriber growth/a, compounded by the a href="http://www.alleyinsider.com/2008/11/sirius-xm-our-christmas-will-suck-siri"freefalling auto industry/a, where most of Sirius XM's (SIRI) new customers come from, and a href="http://www.alleyinsider.com/2008/11/yes-sirius-siri-can-certainly-go-to-zero"fast-burning cash reserves/a. Another problem: Increasing, improving competition, such as Internet radio streams available via mobile phones./p pOne of Sirius's Internet radio foes is bulking up: CBS, where Sirius XM CEO Mel Karmazin used to work. CBS (CBS) is taking over Yahoo's (YHOO) Launchcast music service, the company announced today, and will re-launch it early next year./p p style="padding-left: 30px;"a href="http://mediamemo.allthingsd.com/20081203/yahoos-music-outsourcing-continues-cbs-takes-over-radio-offering/"MediaMemo/a: For CBS, this represents yet another bet the company has placed on digital music. The company already boasts 4.5 million monthly users for its Web radio offering, many of whom come from the AOL music service it powers. The Yahoo deal will add another 3 million users. That's in addition to the audience that uses Last.fm, the Web music service it purchased for $280 million in 2007./p pVia the Web, CBS's partnership with AOL (TWX) for its excellent Apple (AAPL) iPhone radio app, Last.fm, and other potential technologies, CBS is building an impressive Internet radio offering. It's not a huge, immediate threat to Sirius XM, which still has better, more developed technology and some exclusive programming, like Howard Stern. But it's something to keep an eye on./p pstrongSee Also:/strongbr /a href="../../2008/11/yes-sirius-siri-can-certainly-go-to-zero"Yes, Sirius XM Can Certainly Go To Zero/abr /a href="../../2008/10/siriusxm-ceo-car-sales-can-tank-and-we-ll-still-be-fine"Sirius XM CEO: Car Sales Can Tank And We'll Still Be Fine/abr /a href="../../2008/11/sirius-xm-our-christmas-will-suck-siri"Sirius XM: Our Christmas Will Suck/a/p pa href="http://feedads.googleadservices.com/~at/ZPMFnC3GszJ_AtZN8F2YifydOCk/a"img src="http://feedads.googleadservices.com/~at/ZPMFnC3GszJ_AtZN8F2YifydOCk/i" border="0" ismap="true"/img/a/pdiv class="feedflare" a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=UmcnKF96"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?i=UmcnKF96" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=L5970Le4"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=52" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=f4gVVjI7"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=80" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=Om5OuXR2"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?i=Om5OuXR2" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=GlSkT92e"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=131" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=5jPg3eSC"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=336" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=r1BSL77T"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=41" border="0"/img/a a href="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?a=VuKuiODN"img src="http://feedproxy.google.com/~f/typepad/alleyinsider/silicon_alley_insider?d=50" border="0"/img/a /divimg src="http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~4/KlkXmJ8LwFE" height="1" width="1"/

The Politico:
Jeb: I am considering Senate run  —  Former Florida Gov. Jeb Bush - the younger brother of the president - is weighing a run for the Senate seat currently held by Republican Mel Martinez.  —  Martinez announced Tuesday that he will not seek reelection in 2010.