Archive for December, 2006

Dish Network Cuts Service to nearly 1m Customers

Wednesday, December 6th, 2006

Dish Network shut off access to out-of-local-market network stations to 900,000 people nationwide this week. For many, morning rituals of watching New York City morning news, or catching tidbits from ABC, NBC, CBS and Fox stations from outside their local markets.

DirecTV is Up 60% This Year and Still Going Strong

Wednesday, December 6th, 2006

DirecTV generated about $1 billion of free cash flow before interest and taxes this year, doubling last year’s output, and analysts expect earnings per share to jump 21% next year, to $1.31.

In the 2006 third quarter, DirecTV’s customer churn rate was a higher-than-expected 1.8%, and the company added fewer new subscribers than expected. But it […]

Sirius Lowers Subscriber Guidance

Wednesday, December 6th, 2006

Sirius Satellite Radio Inc. announced that it would cut year-end 2006 subscriber guidance to between 5.9 and 6.1 million. Sirius shares closed lower by 7.67%. This year’s retail sales results will be hurt by lackluster holiday sales.

This bad news for Sirius is also bad news for RadioShack Corp. According to DowJones, BMO Capital Markets believes […]

XM radio says to be in 1.8 mln GM cars in 2007

Wednesday, December 6th, 2006

XM Satellite Radio Holdings Inc. on Tuesday said that automaker General Motors Corp. plans to make over 1.8 million vehicles with the XM radio-service built-in in 2007.

Every GM vehicle with factory-installed XM radio includes a three-month trial service period. After that period, customers typically pay about $13 a month for the nationwide system, which […]