Sirius Satellite Radio Inc. announced a smaller loss in the third quarter (ending at the end of Sept. 2007) as the company added subscribers. It still hopes to gain regulatory approval in order to close its deal to merge with XM Satellite Radio this year.
Sirius lost $120.1 million in the quarter that just ended, compared [...]

Satellite radio company XM revealed this week that in the third quarter, its losses were up a whopping 70 percent over last year.  Analysts blame the losses on a 22 percent drop in sales at chain retail outlets like Best Buy.
On a more positive note, XM announced an increase in subscribers to their satellite radio [...]

XM users appear to be experiencing a massive outage. According to reports, one of the XM’s satellites is down, and its repeaters are down due to a “software update.”

An XM Spokesman has provided this statement regarding the issue:
“We are experiencing a temporary degraded performance issue, which has affected some of our customers. We expect to [...]

Bluegrass Podcaster and humorist Wichita Rutherford tells us that he and his podcasts have made the jump from the Sirius satellite radio network to soon-to-be-acquired competitor XM. His new weekly program, The Grand Old Time Machine, debuted last Friday, April 6, on XM.
He describes the new show this way:
“The new show, ‘The Grand Old [...]

The National Music Publishers’ Association, which represents music publishers, is suing XM Satellite Radio.¬† Their suit, filed in federal court in New York last Thursday, claims that XM Satellite Radio Holdings Inc. violates copyright laws by providing a service which lets users store and replay music on certain devices.
The music publishers argue that this constitutes [...]

Sirius Satellite Radio plans to buy U.S. rival XM Satellite Radio for $4.6 billion in stock, which could allow the combined company to raise prices, reduce costs and become profitable. The move will bring Oprah Winfrey, singer Bob Dylan, Major League Baseball, motivational guru Deepak Chopra and shock-jock Howard Stern under one roof.
Under the plan [...]

The New York Post is reporting that satellite radio operators Sirius and XM are expected to announce a merger today.
The two sides were locked in negotiations over the weekend trying to hammer out a final agreement with an eye toward going public with the merger today in Washington, D.C., where XM is based, this source [...]

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 [...]

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 [...]