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.
"It's okay. The scenarios aren't that clear. But it's good looking. [Steve Jobs] does good design, and [the iPad] is absolutely a good example of that." -- Bill Gates on the Apple iPad
FTC Targets Google Again for Advertising Practices
May 24, 2013, 1:17 PM
Google Engineer Finds Microsoft Security Flaw, Says Company is Hostile About It
May 23, 2013, 10:51 AM
Survey: 94 Percent of Teens Use Facebook
May 22, 2013, 2:53 PM
Congress Looks to Force Extra Protection on Utilities to Combat Cyberattacks
May 22, 2013, 2:24 PM
U.S. Military Cuts Guantanamo Bay Wi-Fi After Alleged Threat by Anonymous
May 21, 2013, 11:00 AM
Yahoo Acquires Tumblr for $1.1 Billion
May 20, 2013, 11:12 AM
Most Popular Articles
High School Student Creates Storage Device that Can Charge in 20 Seconds
May 20, 2013, 6:51 AM
Apples Tries to Use Decade-Old Patents to Ban Samsung Galaxy S IV
May 22, 2013, 3:00 PM
NASA Awards $125,000 Grant for 3D Printed Food on Long-Term Space Travels
May 21, 2013, 1:32 PM
Microsoft Announces Voice-Controlled "Xbox One"
May 21, 2013, 12:55 AM
Cure For Baldness Could Be on Store Shelves within Two Years
May 22, 2013, 8:29 AM
Latest Blog Posts
Lumosity: Does it Work?
May 22, 2013, 8:20 PM
Quick Note: Sony "Teases" PS4 Ahead of Xbox Reveal in New Video
May 20, 2013, 12:33 PM
Nokia Introduces Instagram-Like App of Its Own to Help Lumia Sales
May 20, 2013, 7:10 AM
Parents of Pre-Teen Drivers Commonly Practice Distracted Driving Says Study
May 9, 2013, 7:16 AM
Apple's iOS 7 Running Into Internal Delays Due to Massive Overhaul
May 1, 2013, 4:26 PM
More Blog Posts
Copyright 2013 DailyTech LLC. -
Terms, Conditions & Privacy Information