Will Mel "Showboat" on Friday, After XMs' Bad Day?

Thursday, February 16, 2006

(By Scott Moritz, via TheStreet.com)
"Last week Sirius, the New York pay radio shop, successfully jockeyed to release its earnings a day after archrival XM stunk the joint out with an anticipated poor performance. Not only were XM's losses steeper than expected and costs of adding new subscribers alarmingly high, cost conscious director P. Jack Roberts abruptly quit, warning of a potential crisis ahead.
Now, with XM suffering a mini-implosion, industry observers expect a little showboating from Sirius' CEO, the media showman Mel Karmazin -- at least while the XM stumble lasts. Sirius, for example, has hinted that it may raise its monthly subscriber rate. Karmazin could justify the move by arguing that it has compelling programming, and the additional revenue could help soothe Wall Street's concerns and start to turn the tide of red ink in satellite radio business. Analysts expect Sirius to post a net loss of 22 cents a share on $75.4 million in revenue when the company reports before the opening bell Fruday. Sirius may also give a projected timeframe for when cash generated from sales starts to break even with costs. XM said it expected to reach so-called free-cash-flow breakeven by the end of this year."

On the SIRIUS side you can listen to Mel, online here, or on SIRIUS 125 at 8AM Feb 17th 2006


Get Around GSI

GSI: Blog Home
GSI: Home

Inside SIRIUS Alliance

TSS Radio

Sirius radios, sirius antennas, sirius accessories

SIRIUS Stock Watch

The Coffee Fool

About GSI

We are 100% independent from SIRIUS, unlike other SIRIUS related pages, who have agreements and arrangements with SIRIUS. We do not sell SIRIUS related products and thus we do not worry about any business relationship with SIRIUS. GSI: is a not for profit blog, we do not do this for money like others; with do it out of love for the product. *Some GSI team members are SIRIUS shareholders


07/01/2005 - 08/01/2005 08/01/2005 - 09/01/2005 09/01/2005 - 10/01/2005 10/01/2005 - 11/01/2005 11/01/2005 - 12/01/2005 12/01/2005 - 01/01/2006 01/01/2006 - 02/01/2006 02/01/2006 - 03/01/2006 03/01/2006 - 04/01/2006 04/01/2006 - 05/01/2006 05/01/2006 - 06/01/2006 06/01/2006 - 07/01/2006 07/01/2006 - 08/01/2006 08/01/2006 - 09/01/2006 09/01/2006 - 10/01/2006 10/01/2006 - 11/01/2006 01/01/2007 - 02/01/2007 02/01/2007 - 03/01/2007 10/01/2007 - 11/01/2007

TSS Radio

Sirius radios, sirius antennas, sirius accessories

Powered By