Sirius Loss Doubles on Stern Compensation

AP on Yahoo ^ | 5/2/06 | Seth Sutel - ap

[Paleo Conservative]

As if they needed a Stern warning.

[boomop1]

Good

[billorites]

This is Sirius and hugh.

[jpl]

That sound you hear is Mel Karmazin's reputation going down the toilet.

[Vaquero]

I dont need to pay for radio. it is free. I will put up with a few commercials if I have to...

...and I stopped listening to Stern when he fired Jackie and got all full of himself over his movie.

He is old hat.

[jaydubya2]

I'm not a Stern fan but did think his movie had some funny parts.

[llevrok]

Stern is so "90's" (yawn).

[NJ_gent]

I've said it before and I'll say it again: that mega contract they handed Stern is going to put Sirius out of business. It's a shame too, as an XM subscriber, I see it as competition exiting the market. That's never a good thing.

[dead]

It's a one-time stock payment.

The fact that their costs per new subscriber fell 41 percent might be why the stock is rising again.

The jury's still out on whether the Stern deal is a winner or not.

[sheik yerbouty]

Oh, the inanity!

[Laserman]

MY satellite radio subscription is one of the best buys I made in the last few years. AM and FM have become "all ads all the time". If it were not for Rush and some sports programs, I would not listen to terrestrial radio at all.

[HitmanLV]

Sirius reported a net loss of $458.5 million, or 33 cents a share, for the January-March period compared with a loss of $193.6 million, or 15 cents a share, a year ago.

It must be cool having people give you a fortune and all you have to do to is lose 1/2 billion dollars. Seems somebody could do just as well with no business degree and no experience at all! :-)

[NJ_gent]

"I dont need to pay for radio. it is free. I will put up with a few commercials if I have to..."

You don't need to pay for radio and I don't need to listen to any commercials. We each get what we want thanks to a market with good competition. I think it's great. :)

[Vaquero]

enjoy..


but for me?..at home I have commercial free music via the TV cable I pay for anyway....at work music radio is mostly backround white noise to me..and in the car..its Rush or Hannity...on long trips its either CD's or IPOD(my kids.).

[Laserman]

That works too.

[stevem]

They lose a little on every sale, but they make it up on volume.

[NJ_gent]

"It's a one-time stock payment."

It's still a loss of $233.5 million for that period, compared to $193.6 million lost for the same period a year ago. Add to that the ongoing enormous contract with Stern and it spells problems.

Personally, I do hope Sirius survives all this. If they don't, I have a feeling XM's going to take a nosedive on content and quality.

[dc-zoo]

Sounds "series". I hope their losses continue to be "hugh".

[FreedomPoster]

I agree with all of that 100%.

Hmmm - I should probably look to do a long-term fixed-price deal with XM, if Sirius starts looking really grim.