Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Sirius Radio's loss grows in 4Q to $311.4M
Business Week Online ^ | 02/17/2006 | AP

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 ...


TOPICS:
KEYWORDS: satelliteradio; sirius
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-71 next last

1 posted on 02/17/2006 6:16:10 AM PST by iowamark
[ Post Reply | Private Reply | View Replies]

To: iowamark

Stern's compensation was mainly in stock, so that was one wise thing Sirius did.


2 posted on 02/17/2006 6:17:18 AM PST by Semper Paratus
[ Post Reply | Private Reply | To 1 | View Replies]

To: iowamark

This is hugh and vey sirius.


3 posted on 02/17/2006 6:19:17 AM PST by dfwgator
[ Post Reply | Private Reply | To 1 | View Replies]

To: Semper Paratus

I thought I read that he had sold all, or most of it..


4 posted on 02/17/2006 6:19:55 AM PST by ken5050 (Ann Coulter needs to have children ASAP to pass on her gene pool....any volunteers?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: dfwgator
This is hugh and vey sirius.

*Drum roll-off*

*cymbal crash*

*groan*

5 posted on 02/17/2006 6:21:14 AM PST by The_Victor (If all I want is a warm feeling, I should just wet my pants.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: iowamark
Ooops!

Kiddies aren't signing up fast enough?






6 posted on 02/17/2006 6:22:50 AM PST by G.Mason (Duty, Honor, Country)
[ Post Reply | Private Reply | To 1 | View Replies]

To: iowamark
XM and Sirius are both in trouble.

Looks like the world wasn't ready for subscription radio after all.

7 posted on 02/17/2006 6:23:07 AM PST by E. Pluribus Unum (Islam Factoid:After forcing young girls to watch his men execute their fathers, Muhammad raped them.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ken5050
"I thought I read that he had sold all, or most of it." If he did it seems it was a wise move.
8 posted on 02/17/2006 6:24:52 AM PST by bcsco ("He who is wedded to the spirit of the age is soon a widower" - Anonymous)
[ Post Reply | Private Reply | To 4 | View Replies]

To: iowamark
XM Radio just reported a $268.3 million loss in their most current quarter, $80 million more of a loss than for the same quarter last year.

Hmmmm...that satellite radio business is not quite what it's purported to be.

9 posted on 02/17/2006 6:26:27 AM PST by harpu ( "...it's better to be hated for who you are than loved for someone you're not!")
[ Post Reply | Private Reply | To 1 | View Replies]

Comment #10 Removed by Moderator

To: Semper Paratus

Not all of it is stock. Much is cash. They already paid out over $400 million in cash to him.


11 posted on 02/17/2006 6:30:17 AM PST by AZRepublican ("The degree in which a measure is necessary can never be a test of the legal right to adopt it.")
[ Post Reply | Private Reply | To 2 | View Replies]

To: Individual Rights in NJ

The problem is most people don't listen to radio outside of drive time. So you have a few hours of high listenership, but the rest of the day few are listening.


12 posted on 02/17/2006 6:32:18 AM PST by dfwgator
[ Post Reply | Private Reply | To 10 | View Replies]

To: Individual Rights in NJ
But Sirius Rocks!!!

Indeed. They could double the price, and I'd pay. I've tasted life outside the Federal Nursery School, and I like it.

13 posted on 02/17/2006 6:32:54 AM PST by Wolfie
[ Post Reply | Private Reply | To 10 | View Replies]

To: Individual Rights in NJ

Who's not gonna want free pie and chips? There's free pie and then there's free chips.


14 posted on 02/17/2006 6:32:54 AM PST by teddyballgame (red man in blue state)
[ Post Reply | Private Reply | To 10 | View Replies]

To: E. Pluribus Unum

I'm not ready to bury them yet. I've been surprised to see how many of my friends have Sirius and XM, and the other day I noticed my rental car had it. Like the MP3 penom, I think satellite radio is going to go through an infancy stage with hard core fans before the market expands. And the way the technology is growing , you kind of wonder how far down the road music on demand and/or Tivo for radio will be.


15 posted on 02/17/2006 6:32:54 AM PST by stacytec (Nihilism, its whats for dinner)
[ Post Reply | Private Reply | To 7 | View Replies]

To: iowamark

Stern better bring in some more Strippers! Why would anyone buy something that is worse than the free product?

Pray for W and Our Freedom Fighters


16 posted on 02/17/2006 6:34:56 AM PST by bray (GW protects Americans while DinocRats protect Al Queda)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hemingway's Ghost

ping


17 posted on 02/17/2006 6:35:07 AM PST by Wolfie
[ Post Reply | Private Reply | To 1 | View Replies]

To: Individual Rights in NJ

XM has Fox News, Fox News Talk, America Right, and CSPAN as well as the news harlots CNN, MSNBC and Air America. MLB baseball complete coverage and I get my ACC sports coverage too. The music is ok, I think, commercial free, and I really enjoy the uncensored comedy channel.

I hope they hang on.


18 posted on 02/17/2006 6:35:37 AM PST by NCLaw441
[ Post Reply | Private Reply | To 10 | View Replies]

To: harpu
Hmmmm...that satellite radio business is not quite what it's purported to be.

Well, yeah .... the question is whether one can cover the very large costs of operating satellites through income derived from a subscriber-based clientele. It's essentially the same problem that Iridium and Globalstar faced.

The basic question is whether you can compete with terrestrial applications that are intrinsically cheaper to run and easier to maintain.

In the case of radio, you have the added disadvantage that the competitors offer their services for free to the listener, and the equipment is cheap.

There may well be a break-even for these folks -- but those are some pretty substantial losses for both major players.

19 posted on 02/17/2006 6:40:19 AM PST by r9etb
[ Post Reply | Private Reply | To 9 | View Replies]

To: stacytec
Not so sure about that. I think it will have a small but dedicated audience. I consider myself to be "more musically inclined" than most - I own 1200+ CDs, have played guitar in a band for 30 years - I listen to music 16 hours a day,

And, I have absolutely no interest in satellite radio. I wouldn't buy a car with one in it as I wouldn't want to pay anything extra. I always thought they jumped the shark with the idea. Couldn't see where that many people would care enough to pay money for something they already get for free (albeit with commercials).

I suspect they will be out of business within a few years.

20 posted on 02/17/2006 6:43:58 AM PST by KeepUSfree (WOSD = fascism pure and simple.)
[ Post Reply | Private Reply | To 15 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-71 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson