Sirius Satellite Radio today announced that it ended 2006 with approximately 6,024,000 subscribers, an 82% increase over the company’s 2005 ending subscriber base, but short of its goals for the year.
Based on preliminary financial data, Sirius also achieved its first ever quarter of positive free cash flow in the fourth quarter of 2006.
Both Sirius and [...]
At the UBS and Credit Suisse media meetings in New York this week, with only two players in the fledgling satellite radio market, merger speculation follows rivals XM and Sirius. XM Satellite Radio Chairman Gary Parsons said that he considers the satellite radio market to still be new enough that two major players can [...]
Satellite radio operators XM and Sirius face a 20 percent decline in fourth-quarter retail sales that is likely to put pressure on their respective stock prices, according to a Bank of America investment note.
On Monday, their stocks started declined in reaction to the note, shedding most of the gains notched in November following third-quarter earnings [...]
Podcasting‚Äôs hillbilly savant Wichita Rutherford, host of the 5 Minutes With Wichita podcast, has announced that he’s been signed to create his own TV show.
Rutherford signed a deal last week with Blue Highways TV. According to Rutherford, he’s the first podcaster to get his own television show.
“I’m so happy I can’t hardly stand it!” says [...]
Advertising Age reports that, eight months into his reign at Sirius Satellite Radio, the Stern’s advertising rates are a fraction of what they were on terrestrial radio.
“Spots are going for $5,000 to $6,000, with live reads, the term for on-air talent pitching the product, maxing out at $10,000,” notes Advertising Age. “When Howard Sterns [...]
Bridge Ratings, a research firm specializing in radio, has updated its growth projections for radio an various alternatives as part of on-going study of audience attrition of traditional radio and subscriber and user growth of alternative digital media.
The company [...]
It looks like Sirius may be realizing that it has some serious problems with the viability of satellite radio. The company’s latest strategy features a new device, the Sirius Stiletto Live portable Receiver SL100PK1, that can receive audio via WiFi.
That’s right - the latest device from Sirius works over the Internet using WiFi, expanding coverage [...]
Podcasting is increasingly a threat to the survival of satellite radio providers Sirius and XM. Both companies have faced increasing losses, even as their subscriber bases have grown.Sirius lost $237.8 million for the period compared with a loss of $177.6 million during second quarter of 2005. XM Satellite Radio on July 27 reported a second-quarter [...]
Losses are growing at the two leaders in satellite radio, XM and Sirius.
Sirius lost $237.8 million for the period compared with a loss of $177.6 million during second quarter of 2005. XM Satellite Radio on July 27 reported a second-quarter loss of $231.7 million, up from losses of $148.8 million a year ago.
One of the [...]
The Podcast Satellite Network (PSN) is offering podcasters the opportunity to purchase air time on an all-podcast satellite radio broadcast. The company plans to launch the Network in August, 2006.
According to PSN, “the Network has been created to uniquely serve the needs of podcasters looking for exposure to a significant second audience. PSN plans to [...]