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Sirius Posts Wider Loss Despite Strong Subscriber Growth

Authored by Mark Hefflinger on February 17, 2006 - 7:28am.
New York - Sirius Satellite Radio, a provider of subscription radio programming, on Friday posted a bigger loss than expected, citing promotional costs for the launch of Howard Stern's show, while expanding its subscriber base at a faster pace last quarter than rival XM. Sirius posted a fourth quarter loss of $311.4 million, while its revenue tripled, to $80 million. The company ended the year with 3.3 million subscribers, and projects it will count 6 million by the end of 2006; the 1.14 million subscribers it added in the fourth quarter outpaced rival XM's 898,000 new subscribers. For Sirius, subscriber acquisition costs in the fourth quarter were $113, compared with $89 for XM. Shares of XM fell yesterday, after the company reported higher losses and the resignation of board member Pierce Roberts Jr., who voiced concerns the company was spending too much to attract subscribers.
tags: Sirius | Subscriber | Loss | Despite | Growth |

AOL Remains Upbeat Despite Losing Subscribers, Revenue

Authored by Mark Hefflinger on January 28, 2004 - 2:25am.
Dulles, Va. -- America Online on Wednesday revealed the results for another in a series of difficult quarters. The Internet unit of media giant Time Warner said that its revenue declined 7% for the quarter, as it lost another 399,000 subscribers to cheaper dial-up providers and higher-end broadband services. The unit reported an operating profit of $109 million, up from a loss of $33.4 billion a year ago, though income excluding charges fell 14%. Revenue was $2.16 billion, down from $2.32 billion, with advertising revenue dropping 36%. AOL, which had 24.3 million subscribers at the end of the quarter -- down 2.2 million from a year earlier -- said that it expects earnings to increase this quarter due in part to stronger ad sales.
tags: Subscribers | AOL | Despite | Revenue |