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Pierce Roberts Jr - Courtesy AP
Soaring marketing costs are one of the reasons that a director at XM Satellite Radio has decided to resign from the company

Pierce Roberts Jr., the director for XM Satellite Radio has recently stepped down citing constant disagreements with the other board members on issues critical to the company.  Roberts also gave a warning that says XM may be facing a crisis in the future if the company cannot properly cut spending, as the company's fourth-quarter loss was greater than initially reported.  Analysts have revealed the fourth-quarter loss now stands at a whopping $268.3 million.  Higher costs have been due to marketing and the dire need to continually recruit new listeners.   

XM is currently the largest U.S. pay-radio service, but has an unclear future in which Sirius Satellite Radio is making XM nervous.  The stock now sits at $23.98, and has dropped 29 percent in the past year.   


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RE: It doesn't matter
By Enoch2001 on 2/18/2006 12:46:37 AM , Rating: 2
quote:
Sattelite radio became Politically Correct like Nvidia when Howard Stern got on. Then you had all these yahoos like you defending it on the net. It's laughable.


What the hell was that? If you're going to formulate a response, at least make sense.

So we get it: you feel satellite radio is crap. Too bad most other people don't, right? I think I remember my grandpa bitching about the same thing when cable TV came out. "No one will ever pay for that!"

Heh.


"A lot of people pay zero for the cellphone ... That's what it's worth." -- Apple Chief Operating Officer Timothy Cook











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