Sirius posts wider loss amid rising costs
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NEW YORK (Dow Jones/AP) -- Sirius Satellite Radio Inc. on Wednesday said it posted a wider loss for the third quarter from a year earlier, as higher expenses -- particularly for National Football League programming -- more than offset a surge in revenue.
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Shares of Sirius Satellite Radio Inc. look pricey despite the company&#39;s new five-year, $500 million pact with shock jock Howard Stern to air his program starting in 2006, according to
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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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The specialty retailer reports widening losses, but better times lay ahead.
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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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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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Digital video recorder maker TiVo on Thursday reported a wider quarterly net loss as it increased spending to accelerate subscriber growth.
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Sirius Satellite Radio Inc. slipped more than 10 percent in Wednesday trading after a J.P. Morgan analyst downgraded the stock and told investors to take profits following a three-month run-up.
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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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The carrier said it was hampered by high fuel prices in the fourth quarter but was able to post a narrower loss, $70 million compared to a loss of $1.98 billion a year earlier,  on a solid increase in sales.
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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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Stock index futures extended losses on  Wednesday after government data showed a larger-than-expected  rise in unit labor costs in the first quarter, adding to  concerns about inflation and the outlook for interest rates.
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Japanese telecoms and internet firm Softbank has seen losses climb as it spends to market a new cut-rate phone service.
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Sirius Satellite Radio Inc.  said on Tuesday its quarterly net loss narrowed as revenue jumped on a sharp increase in subscribers to its fee-based service.
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Besides the scrutiny of the proposed combination between XM and Sirius, the satellite radio business is facing huge changes.
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Telecommunications firm MCI Inc. on Thursday posted a hefty third-quarter loss, saddled by costs from writing down the value of its network as the reorganized telecom faces intensifying industry competition.
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Sirius Satellite Radio, which has proposed to merge with its pay-radio rival, XM Satellite Radio, posted a narrower quarterly loss Tuesday.