TiVo Net Loss Widens; Subscribers Grow
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TiVo Inc., maker of digital  television recorders, on Monday posted a wider quarterly net  loss, as it boosted spending to achieve a sharp increase in new  subscribers to its fee-based TV service.
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Profit increased as customers signed up for Comcastâs discounted video, Internet and phone package, but the results fell short of expectations.
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Sirius Satellite Radio Inc. , which plans to buy rival XM Satellite Radio , posted a narrower quarterly loss on Tuesday, driven by an increase in subscribers.
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Satellite television provider DirecTV Group Inc. said Tuesday that charges for the revaluation of certain satellites led to a sharply widened third-quarter loss.
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Plus: Adobe earnings, outlook top Street...TiVo swings to a loss...HP profit gains on cost cuts, cheaper components.
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DirecTV Group, the largest satellite television programmer, said its loss widened considerably in the third quarter because of a one-time charge to pay for new satellites.
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Cingular Wireless on Monday  posted a  fourth-quarter loss as expenses rose due to its purchase of  AT&T Wireless, but it added roughly twice the number of  subscribers Wall Street expected.
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Ad costs hit bottom line but subscriptions grow.
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For its third quarter ended Sept. 30, the New York satellite radio broadcaster lost $169 million, or 14 cents a share. That compares with a year-ago loss of $107 million, or 11 cents a share.
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The DVR pioneer posts mixed results in its latest quarter.
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TiVo Inc. said on Monday it expects  its relationship with DirecTV Group Inc. to improve after the  satellite television provider is taken over by John Malone&#39;s  Liberty Media Corp..
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Digital video recorder maker TiVo Inc. on Friday stood by its estimate that it added 200,000 to 275,000 new stand-alone subscribers in its fiscal fourth quarter, which ended in January.
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The network equipment maker reported that its quarterly net income grew 7.2 percent amid growing concern that economic weakness could affect technology spending this year.
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TiVo has to try harder to earn its monthly keep.
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TiVo said Wednesday that it would offer its 80-hour Series2 DVRs for free after rebate while supplies last. The box normally retails for $219.99 USD. Additionally, the 80-hour dual tuner TiVo would be offered for $69.99 USD, and the 180-hour for $169.99 USD.
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Media giant Gemstar-TV Guide International Inc. said Tuesday that its third-quarter loss ballooned, primarily because of a devaluation of its TV Guide magazine.
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roundup Plus: RealNetworks loss widens on litigation...SmartDisk expands hard-drive line...Target to sell TiVo DVRs.