Stern’s Compensation Doubles Sirius’s Q1 Losses

Though an expanding subscriber base nearly tripled Sirius Satellite Radio's first quarter revenue, the company reported Tuesday that its losses more than doubled in the first quarter, pointing mainly to the $225 million it paid in stock-based compensation to shock jock Howard Stern and his affiliates as the culprit, writes Yahoo. The company reported total stock compensation expenses of $284.6 million, accounting for 20 cents per share of the loss.