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Higher costs for marketing and acquiring new subscribers has resulted in a much wider loss in the fourth quarter for XM Satellite Radio Holdings Inc., writes Yahoo News. Also, after quitting over a disagreement concerning the company’s direction, key director Pierce Roberts Jr. warns of a coming crisis.
Thursday, XM reported a $270.4 million loss for the October-December period, widening the $190.4 million loss it reported last year for the same period. At the end of 2005, the company had more than 5.9 million subscribers, an 84 percent increase from 2004. Hugh Panero, XM’s CEO, expects the company will reach profitability by the end of 2006, estimating 9 million subscribers and a subscription revenue of $860 million.
XM’s smaller rival, Sirius Satellite Radio Inc., has also reported losses, as both companies suffer financially to build their businesses, signing big contracts for programming with personalities like Howard Stern and Oprah Winfrey.
Volvo will become the first automaker to offer HD Radio as standard equipment in all but one of its 2009 models. The running change becomes effective next month on the 2009 Volvo model lineup.
“Our drivers expect the highest quality…
The current issue of Cottage Living will be its last. Time Inc., in the midst of a major restructuring, is closing the books on the title.
The magazine had a solid start four years ago and managed to boost circulation…
Samsung Mobile has extended its branding campaign that has seen charging stations being installed at major airports across the country.
115 new charging stations have been installed throughout George Bush Intercontinental Airport in Houston, Miami International Airport, and Washington Dulles…
Project Runway is still deadlocked in legal tangles that could keep the show off the air indefinitely.
The program, originally on Bravo, was slated to move to Lifetime in January for its sixth season, but Bravo parent company NBCU is suing producer…
Some 20% of top brand marketers continue to send additional emails to consumers, even after they confirm requests from those consumers to “unsubscribe” from an email marketing list, according to a research study from Return Path, MarketingCharts writes.
Though the study,…
An overwhelming majority of mothers in America (90%) saw the economy getting weaker even before the collapse on Wall Street, and more of them now (40%) feel stressed about their current family life than feel good about the way things…
