[BC] XM Radio stock action

[Steve]

If I can add something to this. It's nice to know the country in which we're actively marketing is India with 1.5 billion people from which to draw AND WorldSpace carries no debt load. I felt a bit nervous for the XM folks from the very beginning due to their business model. While XM is throwing money at things, Sirius is just giving it away. Well, time will tell. Until then it's Mozart's year for us. To Wolfgang!
(It's refreshing, for a change, to see the Classical channel (Maestro) rated #1 or #2) Smirk mode off. :)

Steve Newman
Steve Walker Productions
Opp, AL  36467
  ----- Original Message ----- 
  From: Gil & Judy Gillivan 
  To: broadcast at radiolists.net 
  Sent: Thursday, February 16, 2006 6:52 PM
  Subject: [BC] XM Radio stock action


  For what it's worth - this was in the closing comments for The Wall Street
  Journal on-line tonight.

   

  XM Falls From Orbit
  Shares of XM Satellite Radio tumbled 5% amid a flurry of bad news. The
  biggest U.S. satellite
  <http://online.wsj.com/article/0,,SB114009217290875791,00.html?mod=djemTEW>
  radio company reported a fourth-quarter loss of $270.4 million, 42% worse
  than a year ago, though revenue doubled to $177.1 million. The sales beat
  analysts' expectations, but the loss was worse than expected. Perhaps more
  troubling was the company's announcement that director Pierce Roberts had
  stepped down and issued a red-alert warning about the company's future.
  "Given current course and speed there is, in my view, a significant chance
  of a crisis on the horizon," he wrote in a letter to Chairman Gary Parsons.
  "Even absent a crisis, I believe that XM will inevitably serve its
  shareholders poorly without major changes now." The company, which like its
  smaller rival Sirius has been spending money hand over fist to generate
  subscribers, disagreed with Mr. Roberts, who has long wanted XM to focus
  more on profitability than adding subscribers. XM said its subscriber base
  grew 84% last year to 5.9 million.

  Gil Gillivan

  (The Big G at KAFE in a past life.)


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