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Sirius Satellite Radio reported a 45 percent revenue gain in Q3 2007, to $241.8 million, due in part to a $71.5 million increase in subscription revenue.
Sirius added 524,938 net subscribers in the third quarter, bringing subscriptions to 7.7 million, writes Radio Ink. Ad revenue was up 19.7 percent.
The company predicts that it will have more than 8 million subscribers at by the end of the year, with total revenue approaching $1 billion.
Sirius ended the quarter with a net loss of $120.1 million, improving from $162.9 million (12 cents) a year ago. Competitor XM’s losses widened to $145.4 million from $85.5 million.
About the potential merger of the two companies, Sirius CEO Mel Karmazin said, “We will continue to work with the FCC and the Department of Justice to make the case that the merger offers more choices, including a la carte offerings and lower prices for subscribers, and we continue to expect that the merger will be completed by year-end.”
The Spanish Radio Association says Arbitron still has not addressed its concerns and research questions regarding the PPM and how “Hispanics are recruited and represented, and how the PPM panel is maintained.”
The SRA has been working with Arbitron in…
The Chicago Tribune’s new design will launch on Sept. 29, Tribune Co. chief operating officer Randy Michaels says. No details on the redesign have been released; the paper has already been decreasing its editorial pages to create a more even split…
Teens are not the best demo to target with cell phone advertising, according to a new study from comScore. Though they are cell phone-savvy, most of them - 70 percent - have their phones paid for by parents, which means…
CNN won its second night of coverage of the Democratic National Convention Tuesday. The network averaged 3.41 million viewers in the 8 p.m. to 11 p.m. time slot, despite the fact that Fox drew nearly even for the night.
Fox…
Generation Y is the most self-indulgent, Generation X is the most innovative, and Boomers are the most productive, while the “Silent Generation” and the “Greatest Generation” are the most admired, according to a recent survey by Harris Interactive, writes MarketingCharts.
Conducted for…
To encourage shoppers to buy more back-to-school items, retailers often implement “loss leader” strategies: that is, selling items at a loss or even giving them away in hopes that the reductions will attract shoppers who will then buy other, more…
