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Media

XM Satellite Down Slightly on Subscribers

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By Douglas A. McIntyre Updated Published
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XM Satellite Radio (XMSR) is trading down almost 2% pre-market.  The company said it added more than 442,000 new net subscribers during the fourth quarter of 2006 and more than 1.695 million new subscribers in all of 2006 to end with more than 7.625 million subscribers. XM also announced the same as Sirius in that it achieved operation positive cash flows in the fourth quarter of 2006. 

This doesn’t appear to be any big disappointment, but the stock did trade higher earlier this week when Sirius announced its preliminary results.  It looks like traders are just selling the news.

Wall Street has told the companies they need to merge and we outlined what the combined company could save.  The rumors and news reports have been hinting and hoping for a deal almost every week, and if the companies are going to merge they should do it before their forward growth numbers start to look lower than prior years on average.

Jon C. Ogg
January 5, 2007

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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