Sirius XM Holdings Inc (NASDAQ:SIRI) is a company that provides a wide range of radio channels. It entertains listeners with comedies, music, sports and news among many other programs. It was today that the business guru announced its recent purchase of Pandora Media.
Current state of affairs
Quite a significant number of people around the globe had lost their faith in the company. Untrustworthy sources compelled them to believe that the business guru was at its lowest ebb. In fact, most of them for quite a while had seen the company as hopeless one. They even downplayed any kind of talk that spoke positively regarding it.
The latest move vindicates it especially among those persons that downplayed it for its almost ineffective linear programming. The business guru admits having spent huge amounts of money in sustaining its infrastructure. That is specifically the physical one.
Turn of events
It was years back that several investors came out to speak out in relation to the negative effects of digital music. They pointed out to the Pandora asserting that they did not see a bright future ahead for Sirius. The sentiments sparked about mixed reactions among different people.
Towards the end of 2013, the company gave reports regarding its business performance. According to it, the shares got the point of trading at about $4.The cover story of Barron covered all the aspects of the report rather effectively. The one clear thing was that the company witnessed a major blur in terms of the stock.
No one anticipated such a case scenario. That was considering that the business guru had invested quite highly in the hope of obtaining high end results. Analysts rushed to the defense of the company. They attributed the whole thing to the ever shifting business dynamics around the globe.
With the latest move, the company is sure to prove wrong all those that doubted its capabilities. It admits that there are changes to make and will soon conduct a meeting to look into that. The goal at the moment is to regain its lost glory ad thrive once again.