December 27, 2001 |
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.
August 8, 2003 |
XM Satellite Radio Holdings Inc., the biggest U.S. satellite-radio service, said it might need to raise money to pay for a fourth satellite. Shares of the company, which never has turned a profit, dropped as much as 24%. XM also said its second-quarter net loss widened to $161.9 million from $117.2 million. On a per-share basis, the loss was unchanged at $1.38 after XM increased the number of shares outstanding.
December 28, 2005 |
Sirius Satellite Radio Inc., the No. 2 U.S. pay-radio provider, surpassed 3 million subscribers as users signed up ahead of talk-show host Howard Stern's debut at the company next month. The New York-based company, with more than 120 commercial-free stations, said in a statement that it expected a strong end of the year. Sirius on Nov. 1 had predicted more than 3 million users at year's end.
January 6, 2005 |
XM Satellite Radio Holdings Inc., the biggest pay-radio company, said it expected to have 5.5 million subscribers by the end of this year and that it added Dr. Laura Schlessinger and G. Gordon Liddy as radio show hosts. XM added 1.8 million subscribers in a year and now has more than 3.2 million customers, the company said. Schlessinger's "Dr. Laura" show and Liddy's program will begin broadcasting next month, Washington-based XM said. XM Satellite shares fell 79 cents to $34.56.
January 4, 2005 |
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.
February 13, 2006
Tuesday * The Commerce Department reports retail sales for January and business inventories for December. * Quarterly earnings report expected from Warner Music Group Corp. Wednesday * The Federal Reserve reports industrial production for January. * New Federal Reserve Chairman Ben S. Bernanke to testify before the House Financial Services Committee. * Quarterly earnings reports expected from Applied Materials Inc., Biogen Idec Inc. and Hewlett-Packard Co.
April 28, 2006 |
XM Satellite Radio Holdings Inc. reported a wider first-quarter loss Thursday and disclosed that federal regulators were probing its marketing practices. XM, the larger of the nation's two satellite radio providers, lost $151.4 million, or 60 cents a share, in the period ended March 31 versus a loss of $122.1 million, or 58 cents, a year earlier.
October 5, 2005 |
Sirius Satellite Radio Inc., the No. 2 U.S. pay-radio company, said it added more than 359,000 subscribers in the third quarter, topping the 2 million mark for the first time. Sirius expects to reach 3 million subscribers by year's end, the New York-based company said. Sirius also said that with more than 2.17 million subscribers, its market share rose 20% from the year-earlier quarter.
January 8, 2004 |
XM Satellite Radio Holdings Inc. said it ended 2003 with 1.36 million subscribers. The Washington-based satellite radio broadcaster expects to have more than 2.8 million subscribers by the end of this year, Chief Executive Hugh Panero said. The company earlier had forecast 2.5 million customers at the end of 2004. XM's smaller competitor, Sirius Satellite Radio Inc., said it added more than 100,000 subscribers in the December quarter to end 2003 with 261,061.