This morning Sirius XM and Pandora today announced an agreement under which SiriusXM will acquire Pandora in an all-stock transaction valued at approximately $3.5 billion. The transaction has been unanimously approved by both the independent directors of Pandora and by the board of directors of SiriusXM. The transaction is expected to close in the first quarter of 2019. It is subject to approval by Pandora stockholders, expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and certain competition laws of foreign jurisdictions and other customary closing conditions.
The owners of the outstanding shares in Pandora that SiriusXM does not currently own will receive a fixed exchange ratio of 1.44 newly issued SiriusXM shares for each share of Pandora they hold. Based on the 30-day volume-weighted average price of $7.04 per share of SiriusXM common stock, the implied price of Pandora common stock is $10.14 per share, representing a premium of 13.8% over a 30-day volume-weighted average price. The transaction is expected to be tax-free to Pandora stockholders. SiriusXM currently owns convertible preferred stock in Pandora that represents a stake of approximately 15% on an as-converted basis.
Read more here.
All People 12+ Mon – Sun
2am – 2am |
Vancouver | ||||||||
Share % | Daily Cume (000) | ||||||||
Station | May Aug 2018 | Feb May 2018 | Nov Feb 2018 | Sep Nov 2017 | May Aug 2017 | Feb May 2017 | Nov Feb 2017 | May Aug 2018 | Feb May 2018 |
CBU | 12.7 | 16.0 | 16.7 | 16.4 | 14.3 | 14.2 | 15.1 | 211.2 | 235.5 |
CKNW | 11.5 | 11.6 | 10.4 | 10.5 | 10.2 | 10.2 | 10.4 | 180.9 | 189.6 |
CHQM-FM | 10.6 | 10.6 | 13.4 | 10.8 | 9.5 | 10.7 | 12.2 | 370.2 | 377.6 |
CFMI-FM | 8.8 | 8.3 | 8.2 | 7.6 | 7.6 | 7.7 | 7.0 | 224.5 | 222.1 |
CJJR-FM | 7.1 | 6.1 | 5.3 | 6.0 | 5.7 | 5.8 | 5.0 | 149.3 | 146.4 |
CFBT-FM | 6.6 | 5.8 | 6.1 | 7.2 | 7.4 | 6.4 | 6.3 | 285.4 | 291.8 |
CKWX | 6.5 | 6.4 | 5.5 | 5.3 | 4.5 | 5.0 | 5.1 | 187.0 | 195.0 |
CFOX-FM | 5.8 | 5.3 | 4.3 | 4.5 | 5.0 | 4.7 | 4.9 | 155.2 | 163.5 |
CHLG-FM | 5.0 | 4.7 | 4.1 | 4.8 | 4.3 | 5.4 | 4.6 | 161.3 | 171.7 |
CJAX-FM | 4.6 | 4.1 | 3.7 | 3.9 | 4.7 | 4.6 | 4.1 | 197.4 | 182.0 |
CKZZ-FM | 4.5 | 4.0 | 5.0 | 5.0 | 5.1 | 4.8 | 4.6 | 226.3 | 244.0 |
CKPK-FM | 3.8 | 3.4 | 3.4 | 4.1 | 3.4 | 3.7 | 3.5 | 113.3 | 118.9 |
CBU-FM | 2.8 | 3.4 | 3.1 | 3.2 | 3.1 | 2.7 | 3.2 | 78.3 | 90.2 |
CKKS-FM * | 2.8 | 2.8 | 2.5 | 3.0 | 4.2 | 3.4 | 2.4 | 172.1 | 174.0 |
KWPZ-FM | 2.2 | 2.0 | 2.3 | 1.8 | 1.8 | 1.7 | 2.4 | 60.5 | 60.3 |
CKST | 1.4 | 1.8 | 1.5 | 1.7 | 2.0 | 2.7 | 2.9 | 48.2 | 55.3 |
CHMJ | 1.0 | 1.0 | 1.3 | 1.2 | 1.3 | 1.2 | 1.2 | 66.5 | 74.7 |
CISL | 0.9 | 1.2 | 1.6 | 1.2 | 2.5 | 2.6 | 2.5 | 25.1 | 40.8 |
CFTE | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 8.6 | 8.1 |
CIRH-FM | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.8 |
*rebroadcasting CFUN-FM from Chilliwack
TERMS
Share – Within a central market area, the estimated total hours tuned to that station expressed as a percentage of total hours tuned to Total Encoded Radio. |
Cume (000) – Expressed in thousands, this is the total number of people who were exposed to the stations for at least one minute during the analyzed period. |
Average Daily Universe – The average daily universe for the analyzed period. The universe is expressed as daily averages because it changes slightly daily as the intab changes. |
All People 12+ Mon – Sun
2am – 2am |
Toronto | ||||||||
Share % | Daily Cume (000) | ||||||||
Station | May Aug 2018 | Feb May 2018 | Nov Feb 2018 | Sep Nov 2017 | May Aug 2017 | Feb May 2017 | Nov Feb 2017 | May Aug 2018 | Feb May 2018 |
CHFI-FM | 11.2 | 12.7 | 14.8 | 12.5 | 11.0 | 11.4 | 14.0 | 894.9 | 901.2 |
CHBM-FM | 10.8 | 10.0 | 6.1 | 7.2 | 8.0 | 8.9 | 7.9 | 697.5 | 653.6 |
CBLA-FM | 10.1 | 10.8 | 10.7 | 10.3 | 8.8 | 8.9 | 8.5 | 461.0 | 508.1 |
CFTR | 7.0 | 5.9 | 6.7 | 7.1 | 7.1 | 6.6 | 7.0 | 596.3 | 595.1 |
CFMZ-FM | 6.8 | 7.4 | 7.4 | 6.5 | 5.5 | 5.3 | 5.5 | 265.1 | 300.3 |
CHUM-FM | 6.4 | 6.0 | 6.6 | 6.6 | 8.7 | 8.7 | 7.7 | 629.8 | 627.9 |
CKFM-FM | 6.3 | 5.6 | 5.8 | 5.1 | 5.7 | 5.6 | 5.7 | 719.5 | 694.8 |
CFRB | 6.1 | 6.6 | 7.3 | 7.4 | 7.3 | 6.7 | 7.2 | 310.9 | 345.0 |
CILQ-FM | 5.8 | 5.9 | 5.7 | 6.4 | 6.9 | 5.7 | 4.7 | 445.5 | 434.3 |
CFZM | 3.5 | 3.5 | 4.1 | 4.4 | 4.6 | 4.5 | 4.9 | 161.1 | 167.0 |
CKIS-FM | 2.9 | 3.1 | 3.4 | 3.6 | 3.3 | 3.4 | 3.7 | 449.7 | 487.0 |
CFNY-FM | 2.3 | 2.4 | 2.9 | 2.8 | 2.8 | 2.3 | 2.5 | 289.5 | 314.8 |
CBL- FM | 2.1 | 1.8 | 1.9 | 2.0 | 1.4 | 1.3 | 1.5 | 145.1 | 158.0 |
CJRT-FM | 2.1 | 2.1 | 1.9 | 1.6 | 1.4 | 0.9 | 0.9 | 130.2 | 142.8 |
CFMJ | 2.0 | 2.0 | 1.8 | 1.8 | 1.5 | 1.7 | 1.8 | 120.7 | 141.6 |
CIDC-FM | 1.7 | 1.9 | 1.7 | 2.4 | 2.7 | 2.6 | 1.9 | 265.4 | 271.2 |
CJCL | 1.7 | 2.3 | 1.6 | 2.0 | 2.8 | 3.2 | 2.3 | 176.4 | 234.0 |
CKDX-FM | 1.5 | 1.3 | 1.0 | 1.0 | 1.2 | 1.3 | 1.5 | 80.2 | 82.0 |
CHKX- FM | 1.3 | 1.1 | 0.9 | 0.9 | 1.2 | 1.3 | 1.0 | 109.2 | 110.0 |
CIND-FM | 1.1 | 0.9 | 0.9 | 0.9 | 1.1 | 1.4 | 1.5 | 191.5 | 179.2 |
CKFG-FM | 1.1 | 0.8 | 0.7 | 1.1 | 1.4 | 1.5 | 1.4 | 90.1 | 83.4 |
CFXJ-FM | 1.0 | 1.0 | 1.1 | 1.6 | 1.4 | 1.6 | 1.8 | 208.2 | 203.4 |
CINA | 0.8 | 0.5 | 0.4 | 0.6 | 0.7 | 0.7 | 0.8 | 45.9 | 33.4 |
CHUM | 0.5 | 0.4 | 0.4 | 0.4 | 0.3 | 0.8 | 0.6 | 71.1 | 69.2 |
TERMS
Share – Within a central market area, the estimated total hours tuned to that station expressed as a percentage of total hours tuned to Total Encoded Radio. |
Cume (000) – Expressed in thousands, this is the total number of people who were exposed to the stations for at least one minute during the analyzed period. |
Average Daily Universe – The average daily universe for the analyzed period. The universe is expressed as daily averages because it changes slightly daily as the intab changes. |
All People 12+ Mon – Sun
2am – 2am |
Montreal | ||||||||
Share % | Daily Cume (000) | ||||||||
Station | May Aug 2018 | Feb May 2018 | Nov Feb 2018 | Sep Nov 2017 | May Aug 2017 | Feb May 2017 | Nov Feb 2017 | May Aug 2018 | Feb May 2018 |
CJAD | 29.6 | 30.6 | 27.1 | 26.8 | 24.8 | 27.7 | 28.2 | 173.3 | 180.8 |
CKBE-FM | 17.5 | 19.2 | 19.3 | 18.6 | 21.1 | 16.7 | 17.2 | 211.8 | 212.5 |
CJFM-FM | 11.8 | 11.0 | 10.9 | 12.1 | 15.1 | 14.1 | 13.5 | 171.6 | 170.2 |
CHOM-FM | 10.9 | 10.0 | 10.4 | 12.5 | 11.7 | 11.9 | 11.0 | 122.4 | 116.4 |
CBME-FM | 9.6 | 9.2 | 10.3 | 8.1 | 7.5 | 8.6 | 8.1 | 64.9 | 64.6 |
CFGL-FM | 3.1 | 2.7 | 2.3 | 2.5 | 2.1 | 2.5 | 2.1 | 56.2 | 49.8 |
CKGM | 2.1 | 2.1 | 3.1 | 3.1 | 2.6 | 4.4 | 4.0 | 33.7 | 37.5 |
CBM-FM | 1.5 | 1.9 | 1.9 | 2.3 | 1.8 | 1.8 | 1.6 | 17.0 | 15.7 |
CITE-FM | 1.0 | 1.0 | 1.2 | 1.6 | 1.3 | 0.9 | 1.1 | 31.1 | 31.6 |
CHMP-FM | 0.9 | 1.0 | 0.9 | 1.1 | 1.2 | 1.7 | 1.4 | 19.6 | 22.2 |
CKOI-FM | 0.8 | 0.6 | 0.7 | 0.9 | 1.5 | 1.4 | 0.9 | 33.8 | 31.6 |
CKMF-FM | 0.7 | 0.6 | 0.6 | 0.7 | 0.6 | 0.5 | 1.2 | 25.4 | 24.2 |
CHRF | 0.5 | 0.9 | 0.4 | 0.6 | 0.3 | 0.2 | 0.2 | 3.9 | 5.2 |
CBF-FM | 0.4 | 0.4 | 0.3 | 0.3 | 0.2 | 0.6 | 0.6 | 10.1 | 9.3 |
CBFX-FM | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.63 | 6.2 | 6.1 |
CKAC | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 3.4 | 3.5 |
CKLX-FM | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.1 | 0.1 | 4.2 | 4.8 |
CIBL-FM | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.6 |
TERMS
Share – Within a central market area, the estimated total hours tuned to that station expressed as a percentage of total hours tuned to Total Encoded Radio. |
Cume (000) – Expressed in thousands, this is the total number of people who were exposed to the stations for at least one minute during the analyzed period. |
Average Daily Universe – The average daily universe for the analyzed period. The universe is expressed as daily averages because it changes slightly daily as the intab changes. |
All People 12+ Mon – Sun
2am – 2am |
Edmonton | ||||||||
Share % | Daily Cume (000) | ||||||||
Station | May Aug 2018 | Feb May 2018 | Nov Feb 2018 | Sep Nov 2017 | May Aug 2017 | Feb May 2017 | Nov Feb 2017 | May Aug 2018 | Feb May 2018 |
CKNO-FM | 11.0 | 10.4 | 9.7 | 9.5 | 10.4 | 10.0 | 9.9 | 198.2 | 196.6 |
CISN-FM | 8.6 | 9.2 | 7.5 | 7.2 | 9.7 | 9.2 | 8.7 | 125.6 | 121.6 |
CBX | 7.7 | 7.6 | 7.3 | 6.7 | 5.1 | 6.6 | 6.1 | 89.7 | 89.8 |
CKRA-FM | 7.2 | 6.7 | 7.0 | 6.7 | 6.5 | 5.9 | 6.8 | 119.9 | 128.0 |
CHED | 7.1 | 7.4 | 8.2 | 10.6 | 10.2 | 11.4 | 11.0 | 94.3 | 106.7 |
CIUP-FM | 6.3 | 5.8 | 5.6 | 4.9 | 5.2 | 4.7 | 5.4 | 108.5 | 107.7 |
CFBR-FM | 6.2 | 5.6 | 5.8 | 6.5 | 7.2 | 5.1 | 4.7 | 106.1 | 104.1 |
CHDI-FM | 5.6 | 5.9 | 6.6 | 7.6 | 6.9 | 6.3 | 6.1 | 114.0 | 117.1 |
CFCW | 5.2 | 5.2 | 5.5 | 5.3 | 5.5 | 5.6 | 6.5 | 44.6 | 40.2 |
CIRK-FM | 4.4 | 4.6 | 5.6 | 5.1 | 4.9 | 6.5 | 6.6 | 88.4 | 84.0 |
CHBN-FM | 3.8 | 4.6 | 4.0 | 5.4 | 4.8 | 4.1 | 4.0 | 109.3 | 115.9 |
CFMG-FM | 3.7 | 4.4 | 3.7 | 2.6 | 2.9 | 2.9 | 2.5 | 102.7 | 113.3 |
CKEA-FM | 3.7 | 3.9 | 4.0 | 4.5 | 3.3 | 3.2 | 2.3 | 72.2 | 75.7 |
CKUA-FM | 3.2 | 2.4 | 2.4 | 2.3 | 2.0 | 1.7 | 1.9 | 32.5 | 27.9 |
CKNG-FM | 3.0 | 3.7 | 5.9 | 3.8 | 3.6 | 3.5 | 5.3 | 100.6 | 102.9 |
CJNW-FM | 2.8 | 2.6 | 2.3 | 2.3 | 3.2 | 2.9 | 2.5 | 96.8 | 97.7 |
CFRN | 2.2 | 2.8 | 2.2 | 2.2 | 2.2 | 3.6 | 2.9 | 29.7 | 33.5 |
CHQT | 2.0 | 1.3 | 1.1 | 1.5 | 1.1 | 1.3 | 1.4 | 34.2 | 29.6 |
CBX-FM | 0.9 | 0.9 | 1.0 | 0.7 | 0.7 | 0.7 | 0.7 | 20.9 | 20.3 |
TERMS
Share – Within a central market area, the estimated total hours tuned to that station expressed as a percentage of total hours tuned to Total Encoded Radio. |
Cume (000) – Expressed in thousands, this is the total number of people who were exposed to the stations for at least one minute during the analyzed period. |
Average Daily Universe – The average daily universe for the analyzed period. The universe is expressed as daily averages because it changes slightly daily as the intab changes. |
All People 12+ Mon – Sun
2am – 2am |
Calgary | ||||||||
Share % | Daily Cume (000) | ||||||||
Station | May Aug 2018 | Feb May 2018 | Nov Feb 2018 | Sep Nov 2017 | May Aug 2017 | Feb May 2017 | Nov Feb 2017 | May Aug 2018 | Feb May 2018 |
CHQR | 10.1 | 9.4 | 9.0 | 9.4 | 8.8 | 9.0 | 9.3 | 81.6 | 80.0 |
CKRY-FM | 9.8 | 8.3 | 8.2 | 8.8 | 10.6 | 8.8 | 8.3 | 122.9 | 108.8 |
CBR | 8.0 | 9.0 | 8.1 | 8.1 | 7.5 | 9.5 | 9.7 | 96.7 | 103.5 |
CFXL-FM | 7.7 | 8.8 | 7.8 | 8.1 | 8.8 | 8.1 | 8.2 | 138.1 | 139.3 |
CJAY-FM | 6.0 | 4.5 | 4.0 | 5.4 | 6.0 | 4.8 | 3.9 | 101.3 | 88.6 |
CHUP-FM | 5.6 | 5.6 | 4.2 | 4.5 | 5.4 | 4.9 | 4.4 | 124.3 | 127.9 |
CFGQ-FM | 5.5 | 6.1 | 6.4 | 5.9 | 5.8 | 6.0 | 5.6 | 102.9 | 98.6 |
CFEX-FM | 5.3 | 5.4 | 5.5 | 5.2 | 5.4 | 4.5 | 4.2 | 108.0 | 110.2 |
CFFR | 5.2 | 5.3 | 5.6 | 5.2 | 4.9 | 4.9 | 5.4 | 105.8 | 108.8 |
CHFM-FM | 5.2 | 5.4 | 7.5 | 3.5 | 3.9 | 4.8 | 6.9 | 117.5 | 128.7 |
CJAQ-FM | 4.4 | 4.1 | 3.4 | 4.7 | 5.1 | 5.1 | 5.1 | 105.2 | 98.2 |
CIBK-FM | 4.1 | 3.9 | 3.8 | 4.4 | 4.2 | 4.2 | 4.1 | 137.9 | 136.6 |
CKMP-FM | 3.5 | 3.7 | 3.6 | 3.4 | 4.3 | 3.9 | 4.0 | 108.9 | 114.8 |
CKCE-FM | 3.3 | 3.9 | 3.7 | 3.5 | 3.9 | 4.2 | 3.8 | 86.3 | 93.4 |
CKWD-FM | 3.0 | 3.3 | 2.8 | 1.5 | 1.7 | 2.1 | 1.9 | 68.5 | 67.9 |
CKMX | 2.0 | 1.8 | 0.8 | 0.8 | 0.7 | 0.8 | 1.1 | 24.2 | 25.3 |
CBR-FM | 1.8 | 2.3 | 2.3 | 2.2 | 2.6 | 2.8 | 2.5 | 33.0 | 36.7 |
CFAC | 1.7 | 2.8 | 3.2 | 3.1 | 2.7 | 3.7 | 3.3 | 38.9 | 55.3 |
TERMS
Share – Within a central market area, the estimated total hours tuned to that station expressed as a percentage of total hours tuned to Total Encoded Radio. |
Cume (000) – Expressed in thousands, this is the total number of people who were exposed to the stations for at least one minute during the analyzed period. |
Average Daily Universe – The average daily universe for the analyzed period. The universe is expressed as daily averages because it changes slightly daily as the intab changes. |