Sirius XM Names Meyer Permanent CEO

SATELLITE IN ORBIT: Interim Sirius XM CEO James Meyer has been appointed to the post on a permanent basis by Chairman Greg Maffei. Meyer previously served as the satco’s President of Sales & Operations from May 2004 until his appointment as interim CEO last December. At the same time, the company announced its Q1 results, including revenue of $897 million, up 12% from last year’s total of $805 million Net income of $124 million was also up over last year’s $108 million. Adjusted EBITDA reached a record $262 million, up 26% from $208 million in the first quarter of 2012. The company repurchased 209 million shares, returning nearly $1 billion to stockholders via stock buybacks and a special dividend, according to Meyer. Now, if they’d only settle with Howard Stern, everything would be Bababooey. (4/30a)

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Sirius XM Names Meyer Permanent CEO

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