Sirius Satellite loss narrows on subscriber growth
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Sirius Satellite Radio Inc.  on Tuesday posted a smaller quarterly loss on better-than-expected subscriber growth, but concerns about the number of its radios in unsold cars helped depress its stock.
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XM Satellite Radio Holdings Inc. , which is planning to merge with rival Sirius Satellite Radio , on Monday said its quarterly loss narrowed as it trimmed costs related to growing its base of subscribers.
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Shares of Sirius Satellite Radio Inc. (SIRI.O: Quote, Profile, Research) fell as much as 27 percent in early trading on Wednesday after an investment firm said the stock was overvalued
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The nation's largest satellite television provider saw its net profit shrink by two percent and customer growth remained flat.
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In an announcement, Sirius Satellite Radio said it has met its 2006 subscriber forecast.
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Sirius Satellite Radio Inc. on  Wednesday tried to clear up confusion over the cost of its  service after buying rival XM Satellite Radio Inc. by telling  lawmakers that it would be less than $25.90, the price of two  services combined.
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Online music service Napster Inc. posted a narrower third-quarter loss on Thursday that beat analysts' forecasts, citing strong subscription growth.
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XM Satellite Radio Holdings Inc., which last week announced plans to combine with rival Sirius Satellite, on Monday reported a narrower fourth-quarter loss as a larger subscription base led to a 45 percent boost in revenue.
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The broadcast companyâs loss stemmed from write-downs, breakup costs and weak advertising sales.
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By Seth Sutel  NEW YORK - XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc., rivals in the fledgling satellite radio industry, have agreed to combine in a deal that investors hope will result in significantly reduced costs.
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XM Satellite Radio Holdings Inc.   XMSR.O and rival Sirius Satellite Radio SIRI.O on Wednesday   posted quarterly subscriber growth that fell short of   expectations, and their shares dropped despite reiterating   full-year estimates.
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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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Cablevision Systems Corp.  on Tuesday posted a larger-than-expected fourth quarter loss due to discontinued operations, although subscriber numbers rose across its television, phone and high-speed Internet services.
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Cable operator Cablevision Systems Corp.  on Tuesday posted a quarterly loss, though subscribers continued to grow across its television, telephone and high-speed Internet service.
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XM Satellite Radio Holdings Inc. said Thursday its third-quarter loss narrowed due to a sharp revenue increase from the company's growing subscriber ranks.
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Shares of Sirius Satellite Radio Inc.  fell more than 7 percent on Tuesday after the pay-radio provider cut its fourth- quarter subscriber target, citing disappointing sales over the U.S. Thanksgiving holiday weekend.
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XM Satellite Radio Holdings Inc.  XMSR.O on Thursday posted a wider fourth-quarter loss, but  revenue more than doubled as its subscriber base increased.