Sirius Satellite Radio - 2007 dated Stock Certificate
Inv# RD1017
Stock
Stock printed by Security-Columbian United States Banknote Company with dog vignette. Incorporated in 1999.
Sirius Satellite Radio was a satellite radio (SDARS) service that operated in the United States and Canada. Sirius launched in 2002, and primarily competed with XM Satellite Radio, until the two services merged in 2008 to form Sirius XM. Like XM, Sirius offered pay-for-service radio for a monthly subscription fee, analogous to the business model of cable television. Its music channels were presented without commercial advertising, while its talk channels carried commercials. Its content was not subject to the same FCC content regulation as terrestrial radio, which allowed both music and talk broadcasts to include explicit content. Sirius channels were identified by Nielsen Audio with the label "SR" (e.g. "SR120", "SR9", "SR17"). Sirius Satellite Radio Inc. was headquartered in New York City, and operated smaller studios in Los Angeles and Memphis.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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