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BUSINESS
February 20, 2007 | Joseph Menn and David Colker, Times Staff Writers
The world's two providers of satellite radio agreed Monday to merge in a $4.6-billion deal, vowing to end their brutal battle for customers and work together to persuade more people to pay for a medium that most use for free. In implicitly acknowledging that the market can't support two such services, the deal by Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. also posed a bigger question: Can it support even one? More than 80 million people listen to AM or FM radio.
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BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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....
ENTERTAINMENT
January 8, 2014 | By Ryan Faughnder
Streaming music apps may be hot these days, but it will be a long time before they top the old-fashioned radio dial.  Traditional AM/FM radio is still the most popular way for people to listen to music, news and talk, even as digital music offers more control and becomes easier to use on the go, according to a study by media agency MediaVest and Clear Channel Media & Entertainment, the nation's biggest radio company.  According to the study,...
ENTERTAINMENT
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
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