Posted on 02/17/2006 6:16:09 AM PST by iowamark
FEB. 17 7:50 A.M. ET Sirius Satellite Radio Inc.'s loss widened to $311.4 million in the final quarter of 2005 on higher costs for acquiring subscribers, the company reported Friday.
The loss was equivalent to 23 cents per share, a penny worse than analysts surveyed by Thomson Financial had been expecting. In the same period a year ago, Sirius lost $261.9 million or 21 cents per share.
(Excerpt) Read more at businessweek.com ...
There already was an XM/Sirius Tivo for radio, but the RIAA forced them to stop making it, just like they are going after file-sharers.
Peer-to-peer wireless network grids could make satellite radio obsolete before it even begins, and there is no way the RIAA will be able to stop it.
but but but I thought strippers and obscene material are guarantees of success?!?!
ok, granted Stern was not yet on the air, but I see what's coming.
It has always floored and mystified me when I've heard of various businesses posting these kinds of losses. I mean, if I lost $5,000 in a year - much less a quarter - I'd be doing good to live in my van, but these outfits lose a couple hundred million and go right on with the show.
I like talk radio and my wife loves music. But she listens to CD's, and I listen to...free talk radio. We have never even had a discussion about satellite radio.
I agree. My wife and I subscribed to XM last year and I have got to say that XM blows. Over a hundred channels and never a song you would want to listen to. We had a year subscription and it sucked so bad we stopped even trying to enjoy it after a month or so. Sirius on the other hand is a different kettle of fish entirely. I painted 3 rooms in my house while listening to Sirius Buzzsaw classic rock via dish network. Sirius kicks A$$.
I'm sure there are people who do listen to satellite radio for significant portions of the day, the question is, are there enough of them?
$311.4 million
Howard Stern's salary?
There are only commercials on the talk channels....read the fine print...commercial free music....
He filed an intent to sell, so he can sell whenever he wants. He has not sold (and the market will know when he does dump...that's for sure).
Mel K said today he thinks there is a potential market of 40M listeners...I have a hard time believing that.
The music channels are commercial free, but the news channels have commercials. Stern has commercials, but they are short.
And that accounts for more than their loss.
I'll trade you the GEICO ads for those godawful ads for Ovaltine.
Depends on what you are looking for. I listen mainly to classical music, and they have 3 stations devoted to that. I also get my weather and traffic report as soon as I get into my vehicle.
Here in Houston, practically all the free FM stations now only play Mexican music. The only remaining classical station is a Public Radio one that plays nothing but NPR crap during drive time.
I never saw the need to pay for something I could get for free, until I could no longer get it for free anymore. I do not worry about the lack of conservative talk radio on XM, because that is one thing I still get for free on AM.
Interesting, thanks for the info.
(Listening to XM and Freeping....)
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