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NEW YORK, Sept. 29, 2020 /PRNewswire via COMTEX/ —
NEW YORK, Sept. 29, 2020 /PRNewswire/ — SiriusXM will air a new weekly show – Forward Progress – across several of its channels that focuses on race, society and sports. Athletes, coaches and other sports figures play a leading role in battling racial injustice and raising awareness of the need for social reform. Forward Progress will be a platform for those voices to continue the conversation about race in America, particularly where it intersects with the world of sports.
SiriusXM’s Jason Jackson and Kirk Morrison will host each week. Jackson, a longtime NBA broadcaster, and Morrison, a former NFL linebacker, will focus on the continuing push for racial equality and justice – from the pioneering civil rights efforts of athletes like Muhammad Ali, Jim Brown and Bill Russell to the historic recent player protests and the groundswell of support for today’s Black Lives Matter movement across sports leagues. They will be joined by guests from around the sports world each week, including current and former players who are using their influence as public figures to create change, to discuss what more needs to be done.
“It is wonderful to work for an organization that recognizes a focus on social justice and equality should continue beyond each incident’s news cycle,” said Jackson. “This nation has struggled for nearly half a millennium with race and inequality, a struggle we have to confront once again. The jump off point for any lasting success is conversation and we have the honor of doing that each week on SiriusXM.”
“2020 has brought an awakening with a heightened spotlight on Social Justice and Inequality in America. I am honored to be on the platform that SiriusXM provides to discuss the past, present, and future of those issues on Forward Progress,” Morrison said.
“Sports figures are key voices in conversations about social reform and we’ve heard from many of them on recent specials we’ve aired on sports and the call for racial justice and equality. Forward Progress will be another platform for those important voices and perspectives to continue to be heard across multiple channels and audiences,” said Steve Cohen, SiriusXM’s SVP of Sports Programming.
A new edition of the show will air each week on multiple channels including SiriusXM Urban View (Saturdays, 2:00 pm ET/11:00 am PT and Sundays, 3:00 pm ET/noon PT), SiriusXM NFL Radio (Wednesdays, 11:00 pm ET/8:00 pm PT and Thursdays, 6:00 am ET/3:00 am PT), SiriusXM NBA Radio (Thursdays, 1:00 pm ET/10:00 am PT), SiriusXM Fight Nation (Fridays, 5:00 pm ET/2:00 pm PT, Saturdays, 6:00 pm ET/3:00 pm ET and Sundays, 1:00 pm ET/10:00 am PT and 5:00 pm ET/2:00 pm PT) and Mad Dog Sports Radio (Sundays, 7:00 am ET/4:00 am PT).
Forward Progress will also be available as a podcast on the SiriusXM and Pandora apps.
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio entertainment company in the U.S., and the premier programmer and platform for subscription and digital advertising-supported audio products. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S. SiriusXM and Pandora together reach more than 100 million people each month with their audio products. SiriusXM, through Sirius XM Canada Holdings, Inc., also offers satellite radio and audio entertainment in Canada. In addition to its audio entertainment businesses, SiriusXM offers connected vehicle services to automakers. For more about SiriusXM, please go to: www.siriusxm.com.
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: the current coronavirus (COVID-19) pandemic is adversely impacting our business; our substantial competition that is likely to increase over time; our efforts to attract and retain subscribers and listeners, or convert listeners into subscribers, which may not be successful, and may adversely affect our business; our Pandora ad-supported business has suffered a loss of monthly active users, which may adversely affect our Pandora business; privacy and data security laws and regulations may hinder our ability to market our services, sell advertising and impose legal liabilities; we engage in extensive marketing efforts and the continued effectiveness of those efforts are an important part of our business; consumer protection laws and our failure to comply with them could damage our business; a substantial number of our Sirius XM subscribers periodically cancel their subscriptions and we cannot predict how successful we will be at retaining customers; our ability to profitably attract and retain subscribers to our Sirius XM service as our marketing efforts reach more price-sensitive consumers is uncertain; our failure to convince advertisers of the benefits of our Pandora ad-supported service could harm our business; if we are unable to maintain revenue growth from our advertising products, particularly in mobile advertising, our results of operations will be adversely affected; if we fail to accurately predict and play music, comedy or other content that our Pandora listeners enjoy, we may fail to retain existing and attract new listeners; if we fail to protect the security of personal information about our customers, we could be subject to costly government enforcement actions and private litigation and our reputation could suffer; interruption or failure of our information technology and communications systems could impair the delivery of our service and harm our business; we rely on third parties for the operation of our business, and the failure of third parties to perform could adversely affect our business; our business depends in part upon the auto industry; our Pandora business depends in part upon consumer electronics manufacturers; the market for music rights is changing and is subject to significant uncertainties; our ability to offer interactive features in our Pandora services depends upon maintaining licenses with copyright owners; the rates we must pay for “mechanical rights” to use musical works on our Pandora service have increased substantially and these new rates may adversely affect our business; failure of our satellites would significantly damage our business; our Sirius XM service may experience harmful interference from wireless operations; failure to comply with FCC requirements could damage our business; economic conditions, including advertising budgets and discretionary spending, may adversely affect our business and operating results; if we are unable to attract and retain qualified personnel, our business could be harmed; we may not realize the benefits of acquisitions or other strategic investments and initiatives, including the acquisition of Pandora; our use of pre-1972 sound recordings on our Pandora service could result in additional costs; we may from time to time modify our business plan, and these changes could adversely affect us and our financial condition; we have a significant amount of indebtedness, and our debt contains certain covenants that restrict our operations; our facilities could be damaged by natural catastrophes or terrorist activities; the unfavorable outcome of pending or future litigation could have an adverse impact on our operations and financial condition; failure to protect our intellectual property or actions by third parties to enforce their intellectual property rights could substantially harm our business and operating results; some of our services and technologies may use “open source” software, which may restrict how we use or distribute our services or require that we release the source code subject to those licenses; rapid technological and industry changes and new entrants could adversely impact our services; existing or future laws and regulations could harm our business; we may be exposed to liabilities that other entertainment service providers would not customarily be subject to; our business and prospects depend on the strength of our brands; we are a “controlled company” within the meaning of the NASDAQ listing rules and, as a result, qualify for, and rely on, exemptions from certain corporate governance requirements; while we currently pay a quarterly cash dividend to holders of our common stock, we may change our dividend policy at any time; and our principal stockholder has significant influence, including over actions requiring stockholder approval, and its interests may differ from the interests of other holders of our common stock. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, which are filed with the Securities and Exchange Commission (the “SEC”) and available at the SEC’s Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.
Andrew FitzPatrick, [email protected]
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SOURCE Sirius XM Holdings Inc.
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