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BUSINESS
August 21, 1999 | Bloomberg News
* Andrew Greenebaum will leave his post as chief financial officer of CD Radio Inc. to take the same position at Santa Monica-based ECompanies, an Internet business incubator formed in June by executives from Walt Disney Co. and EarthLink Network. Before joining New York-based CD Radio, Greenebaum, 37, headed the corporate finance group at Disney. CD Radio, which will begin broadcasting satellite-to-car digital music late next year, is conducting a search for a replacement.
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BUSINESS
August 21, 1999 | Bloomberg News
* Andrew Greenebaum will leave his post as chief financial officer of CD Radio Inc. to take the same position at Santa Monica-based ECompanies, an Internet business incubator formed in June by executives from Walt Disney Co. and EarthLink Network. Before joining New York-based CD Radio, Greenebaum, 37, headed the corporate finance group at Disney. CD Radio, which will begin broadcasting satellite-to-car digital music late next year, is conducting a search for a replacement.
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BUSINESS
May 10, 1996 | JUBE SHIVER Jr., TIMES STAFF WRITER
Bids to advance new kinds of broadcast technology ran afoul of some Capitol Hill lawmakers opposed to a federal effort to set a digital TV standard and a separate plan to let a Canadian firm launch a new nationwide radio station in the United States. The Federal Communications Commission on Thursday was scheduled to issue a license for CD Radio Inc. to operate a digital radio station whose satellite signals could reach listeners across the United States.
BUSINESS
June 16, 1999 | Times Wire Services
Ford Motor Co. and radio broadcast company CD Radio said they will work together to give motorists access to CD Radio's coast-to-coast, commercial-free music stations beginning in 2001. Ford said it will begin installing CD Radio receivers in all seven of its car brands as early as the first quarter of 2001. Once the receiver is installed, drivers will have access to CD Radio's soon-to-be completed 100-station radio satellite system for a monthly subscription price of $9.95.
BUSINESS
June 16, 1999 | Times Wire Services
Ford Motor Co. and radio broadcast company CD Radio said they will work together to give motorists access to CD Radio's coast-to-coast, commercial-free music stations beginning in 2001. Ford said it will begin installing CD Radio receivers in all seven of its car brands as early as the first quarter of 2001. Once the receiver is installed, drivers will have access to CD Radio's soon-to-be completed 100-station radio satellite system for a monthly subscription price of $9.95.
BUSINESS
April 3, 1997 | (Associated Press)
Two companies, bidding more than $173 million, won licenses to provide a new CD-quality radio service that can be heard anywhere in the country. The service, similar to cable TV, is likely to be offered on a pay-to-listen basis. It remains several years away, however. Washington-based CD Radio Inc. pledged $83.3 million for one license and American Mobile Radio Corp. of Reston, Va., put up $89.9 million for another in the Federal Communications Commission auction. CD Radio shares rose $5.
BUSINESS
June 9, 1999 | From Times Staff and Wire Reports
Six companies, including General Motors Corp., DirecTV Inc. and Clear Channel Communications, agreed to invest a total of $250 million in closely held XM Satellite Radio Inc., which plans to offer a new form of subscription radio service for initial use in cars.
BUSINESS
January 25, 1999 | DEBORA VRANA, TIMES STAFF WRITER
USB Libra Investments, a firm created when a Minneapolis banking giant bought a Los Angeles investment boutique last year, recently raised $50 million from investors to provide $3 million to $7.5 million in funding to growing companies. Last year, U.S. Bancorp, one of the nation's larger banks, purchased Libra Investments Inc., one of Los Angeles' best-kept secrets in finance, for an undisclosed amount.
BUSINESS
January 5, 1995 | From Associated Press
For the weary road warrior, it's an all-too-familiar experience: clicking from station to station on your car radio as you lose signals. But the day may be near when radio stations go where you go. Federal regulators are considering proposals for a new radio service that would be available nationwide, transmitted by satellite. The broadcast radio industry opposes the proposals, arguing they would drive local stations out of business.
NEWS
September 16, 1999 | STEVE PARKER, SPECIAL TO THE TIMES
How would you like to drive from L.A. to New York and listen to your favorite radio programs all the way across the country--without ever touching that dial? It won't be long before you'll be able to do just that. The prospect of scores of nationally available radio channels--the same revolution that was cable television--is about to come to your car's stereo. Both General Motors Corp. and Ford Motor Co.
BUSINESS
May 10, 1996 | JUBE SHIVER Jr., TIMES STAFF WRITER
Bids to advance new kinds of broadcast technology ran afoul of some Capitol Hill lawmakers opposed to a federal effort to set a digital TV standard and a separate plan to let a Canadian firm launch a new nationwide radio station in the United States. The Federal Communications Commission on Thursday was scheduled to issue a license for CD Radio Inc. to operate a digital radio station whose satellite signals could reach listeners across the United States.
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