Sonic Automotive Inc , which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then it changed its executives' pay packages - handing them a multimillion-dollar windfall. On April 10, Sonic's board gave its top executives stock options to replace performance-based share awards, regulatory filings show.

’s (BRKA) made some notable changes to its investments in the first quarter, a period marked with coronavirus-induced volatility. Berkshire Hathaway (ticker: (BRKA)) slashed its position in (GS) (GS), and exited investments in (PSX) (PSX) and (TRV) (TRV). Berkshire Hathaway disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.

Following the success of his live call-in SiriusXM show last month, World Golf Hall of Fame member Greg Norman will host another live episode of Attack Life Radio this Tuesday, May 26 at 3:00 pm ET/noon PT.

For podcasting, it’s a moment akin to Howard Stern’s move from free radio to Sirius satellite radio.

SiriusXM and Audi announced today that SiriusXM with 360L – SiriusXM's newest and most advanced audio entertainment platform – will make its debut in ten 2021 model year Audi vehicles in the coming months.

Court TV, rebooted last May and available on cable, over-the-air and over-the-top, expands to another new platform on May 15, 2020 when it will be launched by SiriusXM, it was announced today.

(Bloomberg) -- Spotify Technology SA signed a deal with comedian and TV host Joe Rogan, gaining exclusive rights to one of the most popular and influential audio programs in the U.S. and sending its stock up more than 11%.Rogan will make his podcast, “The Joe Rogan Experience,” available on Spotify starting Sept. 1, with the show becoming exclusive to the service later this year, the company said Tuesday. Spotify also gains exclusive rights to videos that Rogan films while taping his podcast.Signing Rogan is a coup for Spotify, which has invested hundreds of millions of dollars in original podcasts over the past few years. A former standup comedian and host of the TV show “Fear Factor,” Rogan has built one of the most loyal followings in all of podcasting over the past decade. His show routinely ranks at or near the top of the charts on Apple Inc., the world’s top podcast supplier.The value of the deal depends on how successful the show is on Spotify, and its impact on the company’s broader podcasting business, a person familiar with the matter said. Rogan stands to make anywhere from tens of millions to more than $100 million, according to the person, who asked not to be identified because the terms aren’t public.Shares of Spotify soared as high as $179.69 in New York on the news. The company has sold investors on the idea that podcasts will benefit its business in much the way original TV series have helped Netflix Inc., providing programs that differentiate Spotify from competitors and are financially more lucrative.The agreement was reminiscent of Sirius Satellite Radio stealing Howard Stern from terrestrial radio in 2004. That deal, too, sent Sirius’s shares soaring.Politicians, celebrities and business leaders all appear on Rogan’s sometimes-controversial podcast, eager to win favor with his listeners. Bernie Sanders stopped by the show as part of his presidential campaign, while Tesla Chief Executive Officer Elon Musk has appeared a of couple times. Spotify isn’t buying Rogan’s company, as it did with Bill Simmons’s The Ringer or Gimlet Media. Instead, it has licensed the rights to his show for an undisclosed sum.Rogan is taking a risk. There’s a chance he will lose the majority of his audience, since Apple accounts for more than 60% of listeners for most podcasts.But Spotify is hoping many of those listeners defect, and can help Rogan expand his audience overseas as well. The company has the most popular podcasting app in many international markets and has established itself as the clear No. 2 in the U.S.PMM, the company that sells ads on Rogan’s podcast, will work with Spotify under the new arrangement. Spotify customers won’t need to pay for a subscription to hear the show. Its podcasts are part of its free service and supported by ads.“It will be the exact same show,” Rogan said in a video. “I’m not going to be an employee of Spotify. We’re going to be working with the same crew, doing the same show. The only difference will be it will now be available on the largest audio platform in the world.”(Updates with value of deal in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

SiriusXM will offer listeners nationwide coverage of the return of live golf with live play-by-play and talk coverage of the TaylorMade Driving Relief charity skins match at Seminole Golf Club on May 17.

SiriusXM's Kids Place Live announced the launch of "Camp KPL", a series of fun at home summer camp activities and projects, upbeat family-friendly music and more, beginning on Monday, June 1 and running throughout the summer. "Camp KPL" on SiriusXM's Kids Place Live channel will air weekdays from 12:00 pm - 3:00 pm ET, and each show will be available On Demand for two weeks.

SiriusXM today announced the broadcast of SiriusXM's first-ever Virtual DisDance Festival, a 3-day virtual festival hosted by The Chainsmokers starting on Friday, May 22 on SiriusXM's BPM channel.

Verizon's (VZ) 4G LTE network powers SiriusXM with 360L's streaming content by delivering in-vehicle access to SiriusXM's content in Audi models.

SiriusXM today announced that it will launch a new Ultimate Classic NFL Sunday series – rebroadcasting some of the greatest games in NFL history – each week on its 24/7 SiriusXM NFL Radio channel.

SiriusXM announced today an all-star lineup of musicians, actors, athletes, comics and stars will step in as Guest DJs on a suite of special channels dedicated to iconic artists. The channels, launched earlier this month on SiriusXM's streaming platform, now welcome luminaries such as Beck, Eric Church, Kenny Chesney, Maya Rudolph, Ricky Gervais, Sharon Stone and more, who are playing their favorite music on the limited-run artist branded channels dedicated to David Bowie, Fleetwood Mac, George Strait, Metallica, Prince and The Rolling Stones.

Satellite radio veteran Sirius XM (NASDAQ: SIRI) has made millionaires before. Sirius XM saw its annual revenues rise by 86% over the last five years. Pandora added $1.6 billion to Sirius's sales last year.

Verizon and SiriusXM are teaming up to deliver SiriusXM with 360L – SiriusXM’s newest and most advanced audio entertainment platform – to 11 2021 model year Audi vehicles in the U.S. SiriusXM with 360L combines satellite and streaming content delivery into a single, cohesive in-vehicle entertainment experience. SiriusXM with 360L upgrades the way subscribers interact with the service by providing more choice in entertainment.

SiriusXM today announced that David Frear, Senior Executive Vice President and Chief Financial Officer, is scheduled to present digitally at the J.P. Morgan 48th Annual Technology, Media and Communications Conference on Tuesday, May 12, at approximately 2:10 pm ET.

SiriusXM announced today that the Jonas Brothers will participate and answer fan questions in a virtual SiriusXM Hits 1 Celebrity Session hosted by The Morning Mash Up.

Founder of Renaissance Technologies releases portfolio update Continue reading...

In a release issued under the same headline earlier today by Verizon Communications (NYSE, Nasdaq: VZ) please note that in the first paragraph of the release, the number of 2021 model year Audi vehicles should be 10 and not 11, as was inadvertently stated by the newswire. Verizon and SiriusXM are teaming up to deliver SiriusXM with 360L – SiriusXM’s newest and most advanced audio entertainment platform – to 10 2021 model year Audi vehicles in the U.S. SiriusXM with 360L combines satellite and streaming content delivery into a single, cohesive in-vehicle entertainment experience.

Sonic Automotive Inc, which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then it changed its executives' pay packages - handing them a multimillion-dollar windfall. On April 10, Sonic's board gave its top executives stock options to replace performance-based share awards, regulatory filings show.