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"Sirius Trouble"

619 Views 5 Replies 4 Participants Last post by  Steve Mehs, 
Darkman
Sirius Satellite Radio announced it would end the year with fewer subscribers than its earlier estimates, prompting investors to tune out the stock ahead of the holidays. Shares on Tuesday fell 7% in midday trading.

Sirius Chief Executive Mel Karmazin released a statement late Monday that said the No. 2 satellite radio provider expected to have between 5.9 million and 6.1 million subscribers by the end of the year, shy of an earlier projection of 6.3 million...

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( The entire article is at the following source: http://www.smartmoney.com/onedaywonder/index.cfm?story=20061205 )
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S
So much for the "king of all media". Aparently someone will actually go broke underestimating the intelect of the American people.

Both SR providers need to end the crazy "loss leader" payouts to "talent" and simply provide high quality diverse music and a much larger number of talk and other non-music formats, and forget about the 100K people in the country that actually think somebody saying "f***" on the radio is funny.
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