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Satellite Radio

July 31, 2003 | David Colker, Times Staff Writer
Satellite radio for the home computer is so addicting, it should be sold on street corners in dicey neighborhoods. The XM Satellite Radio service, which debuted two years ago mostly for use in automobiles, provides 101 channels of niche programming. It gets so specific that it has not just a single oldies channel but one for every decade beginning with the 1940s. But its new personal computer unit truly makes it a jukebox from outer space.
December 10, 2010 | By Joe Flint, Los Angeles Times
Howard Stern, the self-described "king of all media," will continue his reign with Sirius XM Radio Inc. Ending speculation that he would take his show to the next frontier ? whatever that might be ? the radio personality said on his morning show Thursday that he had signed a new deal that would keep him with satellite radio broadcaster Sirius XM for five more years. Stern, who turns 57 next month, did not reveal details of the pact, but word that he was staying put was enough for investors to drive up Sirius XM stock about 20% in early-morning trading.
November 2, 2011 | By Alex Pham, Los Angeles Times
Sirius XM Radio Inc.'s subscriber growth received a cool reception on Wall Street as investors became worried that the satellite radio company might lose customers early next year when its 12% price hike takes effect. In announcing its third-quarter earnings Tuesday, the New York company reported 21.3 million subscribers as of Sept. 30. That's up 334,000 from July — mostly from consumers who bought new cars and began subscribing to the service — but below analysts' expectations of as many as 400,000 new subscribers.
December 14, 2010 | By Joe Flint, Los Angeles Times
How happy was Sirius XM Radio Inc. Chief Executive Mel Karmazin last week after his biggest star, Howard Stern, agreed to a new five-year contract with the satellite radio broadcaster? "From what I remember it was a good celebration," Karmazin said wryly. Getting Stern to stick around removed one of the big question marks facing Sirius XM. The company, which has weathered a difficult two years of financial uncertainty, needed to keep Stern not only for his listeners but also to signal to the financial community that its momentum is continuing.
August 3, 2011 | By Alex Pham, Los Angeles Times
Sirius XM Radio Inc. says it expects to raise its prices next year now that a federal mandate to freeze subscriber fees has been lifted. "We continue to believe it would be appropriate for us to increase our pricing to be able to continue investing in and delivering the best audio content in the world," said Sirius XM Chief Executive Mel Karmazin during a conference call with analysts Tuesday to discuss the New York company's second-quarter earnings....
January 24, 2007
Satellite radio: Jamie Foxx will oversee a new channel at Sirius Satellite Radio beginning this spring. Dubbed the Foxxhole, it will offer "urban comedy, entertainment and lifestyle" programming.
August 26, 2006 | From Reuters
XM Satellite Radio Holdings Inc. said the Federal Communications Commission had given it the go-ahead to sell three radio models after concerns about whether they met regulations. Shares of the subscription-based satellite radio provider rose as much as 9% after the Washington company said manufacturers could resume making the radios it described as key products. XM closed up 59 cents, or 4.6%, at $13.49.
December 27, 2001 | Bloomberg News
XM Satellite Radio Holdings Inc.'s chief executive said the company made enough sales during the holiday period to meet analysts' estimates for 20,000 to 30,000 subscribers to the satellite radio service by Monday. Shares of XM rival Sirius Satellite Radio Inc. gained 8%, led by expectations the companies' sales will prove pessimists wrong, analysts said. Both money-losing companies had missed subscriber estimates after delaying the introduction of service.
October 23, 2000
* Why would anyone pay for something they've been getting for free for 80 years? Ask the backers of satellite radio services, set to launch next year.
January 4, 2005 | From Bloomberg News
Sirius Satellite Radio Inc., the second-biggest pay-radio company, said it would double subscribers this year after ending 2004 with 1.14 million, exceeding its target of 1 million. The New York company credited retail sales, more awareness of the benefits of satellite radio and recognition by consumers of the company's programming. "A growing percentage of subscribers" will come from the new-car market, spokesman Patrick Reilly said. Sirius has said it needs 2 million subscribers to break even.
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