Sirius, XM Post Subscriber Gains
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The two big players in the emerging satellite radio business both announced gains in subscribers Monday as 2004 drew to a close.
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Why Sirius is getting static from the markets.
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Sirius Satellite Radio  and XM Satellite Radio  shares jumped on Tuesday after the companies announced a merger plan, although a top regulator said the deal would face a tough review.
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Sirius Satellite Radio Inc. reported a narrower third-quarter loss Tuesday and recorded a 50 percent increase in new subscribers ahead of its planned combination with larger rival XM Satellite Radio Holdings Inc.
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Sirius Satellite Radio  ended  2007 with more than 8.3 million subscribers, a 38 percent rise  that met its target for the year.
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The cable company trims losses amid strong subscriber growth.
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Rivals XM Satellite Radio and Sirius Satellite Radio both have ventured again to the automotive industry in their latest efforts to land new subscribers, announcing separate distribution agreements Tuesday with Toyota Motor Corp.
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XM Satellite Radio Holdings Inc posted  a wider quarterly loss on Thursday as higher marketing costs  overshadowed a strong increase in subscriptions to its  pay-radio service by car owners.
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Napster Inc on Thursday reported strong subscriber growth during the recent holiday period.
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A big jump in new subscribers boosts results.
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Shares of XM Satellite Radio Holdings Inc. jumped to a new 52-week high Thursday, a day after the company said it would begin broadcasting its commercial-free radio stations to subscribers over the Internet.
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By Reuters. Sirius Satellite Radio Inc. said yesterday that it passed the 800,000 subscriber mark and is on track to have one million by the end of the year, further fueling the company&#39;s stock.
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Sirius Satellite Radio said Monday it surpassed its full year 2004 target of 1 million subscribers, boosted by the holiday shopping season.
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(InfoWorld) - The U.S.'s two satellite radio operators, Sirius Satellite RadioÂ and XM Satellite Radio Holdings announced Monday they plan to merge, pending a potentially difficult approval process. The all-stock deal will see XM shareholders receiving 4.6 shares of Sirius stock for each XM share they own. The new company would be worth $13 billion, based on the companies' estimates, although neither company has ever turned a profit. Sirius and XM combined lost over a billion dollars last year on total revenues of about $1.5 billion. Because the two are the only companies licensed by the U.S. Federal Communications Commission (FCC) to offer satellite radio services, the merger may face regulatory opposition over creating an industry giant that would be hinder competition. Sirius CEO Mel Karmazin will become the new company's CEO, with Gary Parsons, currently XM's chairman, set to become its new chairman. Executives from both companies will continue in their present roles until the deal closes, expected by the end of 2007. The two companies pioneered the concept of subscription-based radio services, delivered nationwide via satellite. Both Sirius and XM charge subscribers $12.95 per month for their services. Sirius surprised the radio world in 2004 when it signed shock-jock Howard Stern to a five-year, $100 million contract. Stern remains the network's chief draw of over 130 channels, which includes NFL game broadcasts and related talk shows. XM has about 160 channels and counts talk-show and entertainment titan Oprah Winfrey among its celebrities. XM claims 7.6 million subscribers, and Sirius 6 million.
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Plus: AT&T profit rises...Samsung SDI swings to loss...Outstanding earnings for Apple...Xerox profits from color printers.
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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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NEW YORK -- Sirius Satellite Radio Inc., which has agreed to acquire its rival XM Satellite Radio Holdings Inc., reported a narrower loss for the fourth quarter Tuesday as revenues more than doubled.