Orbitcast (Free subscription) | 09/23/2008
A recent Associated Press report shows that XM Satellite Radio Inc spent $240k on lobbying in the second quarter of 2008. Meanwhile, Orbitcast has learned from recent disclosure reports with the House clerk's office that Sirius Satellite Radio Inc. spent approximately $475k on lobbying during the same period.This brings the total spent on lobbying by Sirius XM Radio Inc. to $715,000...
Market Watch (Free subscription) | 09/09/2008
CHICAGO (MarketWatch) -- Sirius XM Satellite Radio Inc. Chief Executive Mel Karmazin told investors Tuesday that the company expects to end 2008 with about 19.5 million subscribers, and to end 2009 with about 21.5 million subscribers. The company sees pro forma revenue of $2.4 billion in 2008 and revenue of about $2.7 billion in pro forma revenue in 2009. Karmazin also said that about...
Market Watch (Free subscription) | 09/09/2008
CHICAGO (MarketWatch) -- Sirius XM Satellite Radio Inc. Chief Executive Mel Karmazin said the company is still short of his goal of having advertising comprise 10% of revenue, partly because in the current environment, national radio advertisers are leaving the medium "in droves." This is a development that affects both traditional and satellite radio players, Karmazin said. "As our...
Market Watch (Free subscription) | 09/09/2008
CHICAGO (MarketWatch) -- Sirius XM Satellite Radio Inc. has raised its estimate for 2009 cost savings to $425 million from $400 million, Chief Executive Mel Karmazin told investors Tuesday during the Merrill Lynch Fall Preview Media Conference. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this...
The Atlanta Business Chronicle (Free subscription) | 09/09/2008
Sirius XM Satellite Radio Inc. expects to save more money by eliminating crossover expenses than its first announced. The company also has detailed new programming options for existing subscribers. (SIRI)
The Washington Business Journal (Free subscription) | 09/09/2008
Sirius XM Satellite Radio Inc. expects to save more money by eliminating crossover expenses than its first announced. The company also has detailed new programming options for existing subscribers. (SIRI)
