February 11, 2005 |
XM Satellite Radio Holdings Inc., the largest U.S. pay-radio company, said its quarterly loss widened as it boosted spending on programs and marketing. Sales surged as it lured 65% more subscribers than a year earlier. The fourth-quarter net loss was $188.2 million, or 93 cents a share, compared with a loss of $162.9 million, or $1.12, a year earlier, Washington, D.C.-based XM said. Revenue more than doubled to $83.1 million, helped by holiday sales. XM Satellite shares rose 50 cents to $31.
June 9, 2007 |
The Federal Communications Commission began a regulatory review of Sirius Satellite Radio Inc.'s proposed $4-billion purchase of XM Satellite Radio Holdings Inc. after a delay of more than one month. The agency is seeking public comment on the proposed merger of the only two pay-radio services, the FCC said. XM and Sirius announced their planned combination Feb. 19 and filed papers with the FCC more than two months ago. Typically, the FCC begins its review within three weeks of such filings.
October 20, 2004 |
XM Satellite Radio Holdings Inc. is raising the ante in its programming battle with rival Sirius Satellite Radio Inc., reportedly signing an 11-year programming deal with Major League Baseball. Such a deal could be worth even more than the $500-million pact Sirius recently made with shock jock Howard Stern.
August 12, 2006 |
The Federal Communications Commission stepped up its inquiry into radios sold by XM Satellite Radio Holdings Inc., the largest pay-radio provider. XM said in a regulatory filing that the commission asked the company this week to detail how and why its products strayed from FCC rules. The Washington-based company said it would respond promptly.
August 17, 2005 |
XM Satellite Radio Holdings Inc., the biggest U.S. pay-radio service, began selling programs for individual purchase or by subscription through a website it set up with Audible Inc. Radio features for sale will include "The Bob Edwards Show" and "Opie and Anthony," Washington-based XM said. Audible's website offers audio books, magazines and newspapers that users can download to their computers and mobile devices. The new offerings expand an existing alliance between XM Satellite and Audible.
July 20, 2006 |
XM Satellite Radio Holdings Inc. said the Federal Communications Commission had rejected its solution for bringing certain radio units into compliance with FCC standards. XM had said in late May that it was suspending shipments of some radio models, including the Delphi XM SKYFi2 and the Audiovox Xpress, after the FCC found that the small FM transmitters in the units didn't meet the FCC's emission standards.
December 22, 2007 |
Warner Music Group Corp. and XM Satellite Radio say they have settled a legal dispute over a portable music player sold by XM that enables users to record and store individual songs from the firm's broadcasts. The agreement announced Friday covers all of XM's current and future devices with copying features. New York-based Warner Music and other major record companies sued XM Satellite Radio Holdings Inc. last year for copyright infringement.
January 18, 2007 |
The Federal Communications Commission said licenses held by XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. would prevent them from combining, but one industry expert said they could ask for the licenses to be modified. "There's a prohibition on one entity owning both of those licenses," FCC Chairman Kevin J. Martin said. However, Martin also said the FCC would examine any transaction submitted to it.
July 17, 2001 |
Walt Disney Co. will offer its radio stations through satellite broadcasters Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. Sirius and XM will offer ESPN Radio, Radio Disney and ABC News and Talk, the companies said. Sirius also will offer ESPNews and the "Midnight Cowboy Trucking Show." XM Satellite plans to begin airing as many as 100 channels of news and music from two satellites to U.S. motorists for $9.95 a month by the end of September.
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.