Monthly Archives: February 2010

UPDATE: Bubba responds

“This morning I was made aware of allegations made in a petition for full bill of discovery by Ms. Kia Stevens, a professional wrestler with Total Nonstop Action Wrestling. The allegations in this petition are one hundred percent false. To be clear; everything contained in this petition is not true. Ms. Stevens attributing outrageous racist statements and physical threats to me is disgusting.”

“We can prove without any doubt the allegations made in this petition are false. First Ms. Stevens claims that she was called on the air, at 5:08 AM on February 10th, we are not even on the air until 6 AM Eastern time. We have phone records and eye witnesses that account for my every movement that day from 4:50 AM forward. No call was made to Ms. Stevens at all.”

“We will be pursuing all legal remedies available to us in the State of Florida to fight these deliberately malicious allegations.”

Bubba the Love Sponge sued by Awesome Kong (TMZ)

Bubba the Love Sponge Accused of Hate Call

Posted Feb 25th 2010 2:01PM by TMZ Staff

A professional wrestler says someone claiming to be radio host Bubba the Love Sponge called her at home and unleashed a hateful, n-word laced attack … and now she wants the phone records to prove it was him.

TNA Wrestler

The woman who received the call is TNA wrestling star Awesome Kong — aka Kia Stevens. We’re told she and Bubba have been feuding since January — when Bubba said “F*** Haiti” on his radio show in the wake of the tragedy.

Now, Stevens has filed documents in Florida state court, in which she states that someone claiming to be Bubba called her from a private number two weeks ago and said, “You’ll be dead like all those other n***ers in Haiti you fat black bitch … F**K HAITI!”

Stevens wants a judge to allow her access to Bubba’s phone records so she can see for herself if Bubba was behind the call … and set the stage for a lawsuit against him.

But Bubba says Stevens’ allegations are “one hundred percent false” and that “Ms. Stevens attributing outrageous racist statement and physical threats to me is disgusting.”

Sirius Sidesteps Howard Stern Questions (DailyFinance)

Sirius XM Radio (SIRI) may be on the verge of a comeback from the brink of financial oblivion, but for now it has nothing to say about the future of its biggest star, Howard Stern.

In a conference call following today’s release of better-than-expected quarterly earnings, chief executive Mel Karmazin advised anyone wondering about Stern’s contract to listen to Stern’s show: His contract is one of the favorite topics of the self-anointed King of All Media. But the normally loquacious Karmazin declined to comment further on Stern.

Karmazin and Stern have known each other for years, which should help the two strong-willed men reach a deal. I believe Stern is not going anywhere. Besides, given Sirius’ recent success, why would he want to terrestrial radio.

Beating Expectations, Disappointing Investors

The New York–based satellite-radio provider today reported a tiny fourth-quarter net income of $14.17 million, versus a loss of $245.08 million, or 8 cents per share. Revenue rose 6%, to $684 million. On an adjusted basis, pro forma adjusted income from operations of $115 million compared with $32 million a year earlier. Results were helped by a 7% reduction in expenses from the merger last year that created Sirius XM.

The earnings beat Wall Street expectations but failed to wow investors, who sent shares of Sirius down in early trading. Perhaps traders were hoping for good news about the contract of Stern, who brought millions of subscribers with him when he joined the pay-radio company. In 2007, Stern received an $83 million stock bonus on top of his $500 million pay package. His broadcast show moved to Sirius in 2006.

‘Very Encouraging’

Karmazin spared no superlative in describing his company’s financial performance. “2009 was a notable year of firsts for Sirius XM,” he said in a press release. “The first full year of positive pro forma adjusted income from operations, and the first full year of positive free cash flow in the company’s history. We demonstrated considerable operating momentum in the fourth quarter – the addition of over 250,000 subscribers, ARPU [average revenue per subscriber] growth, revenue growth, improved SAC [subscriber acquisition costs], and continued operating cost reductions.”

Sirius expects full-year revenue of more than $2.7 billion this year and expects free cash flow to remain positive. The company anticipates adding more than 500,000 net subscribers, beating the record high of 19 million at the end of 2008. Adjusted income from operations will rise about 20%, to $550 million.

Shares of Sirius have soared more than 714% over the past year, as the company avoided bankruptcy in the face of weak auto sales. “This is very encouraging, especially the guidance,” Wunderlich Securities analyst Matthew Harrigan told Reuters. “They are very sensitive to the automotive industry, but certainly the confidence that they can add 500,000 customers is a good thing.” When a deal with Stern is announced, that number could go higher.