Director at XM Resigns as Possible Crisis Looms
February 17, 2006 11:00 AM
comment(s) - last by
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.
This article is over a month old, voting and posting comments is disabled
Good Truckers and Travelling Salesmen
2/18/2006 8:24:02 AM
I don't have it, but it would make sense if I drove 100,000 miles/year. It's good for truckers, travelling salesmen, and anyone else who travels long distances daily by car or truck for a living. Also, if you earn over $100,000 and spend a lot of time in the car, the monthly fee might not bother you much at all.
For me personally, it doesn't make any sense.
RE: Good Truckers and Travelling Salesmen
2/19/2006 6:03:10 PM
Glad you finished with "for me...it doesn't make sense." For me, it makes huge amounts of sense. I only drive 15,000 miles per year, but the 60 minutes or so I spend in my car are certainly with not having to constantly change channels to avoid the commericals, which is almost useless when one company (Clear Channel) owns virtually every station and syncs up the commercial breaks.
Sound quality is also quite good...the online radio player isn't at good, but that is another great feature (speaking about Sirius, but I believe XM has it as well).
If I move somewhere where I decide to take the train to work, then it won't make nearly as much sense for me either.
"We can't expect users to use common sense. That would eliminate the need for all sorts of legislation, committees, oversight and lawyers." -- Christopher Jennings
Microsoft Expands Free Office 365 to All College Students
September 22, 2014, 3:21 PM
Apple Adds New Password Protection for Third Party iCloud Apps
September 17, 2014, 8:50 PM
Facebook Tests Moments App, Aims to Keep Your Private Memories Private
September 17, 2014, 5:46 PM
Russian Hackers Compile List of 10+ Million Stolen Gmail, Yandex, Mailru
September 11, 2014, 11:41 AM
House Minority Leader Pelosi Criticizes FCC's "Fast-Lane" Net Neutrality Plan
September 9, 2014, 4:15 PM
Smarter Than Siri? Cortana Adds Game NFL Game Winner Prediction
September 3, 2014, 4:12 PM
Most Popular Articles
HTC Preps Nexus 9 With Nvidia K1 64-Bit "Denver" SoC, Android L Onboard
September 10, 2014, 10:21 PM
Apple iPhone 6, iPhone 6 Plus Reviews Roll In
September 16, 2014, 9:13 PM
Big Media: If You Want Privacy, You're Probably a Pirate
September 18, 2014, 2:57 PM
Apple Cripples NFC in iPhone 6, 6+ With Developer Ban
September 17, 2014, 1:00 PM
"Decepticon" Driver Triumphs Over Cops in Massachusetts Court
September 5, 2014, 12:07 PM
Latest Blog Posts
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information