Sirius Reveals 2nd Quarter 2007 Results
Sirius Satellite Radio announced strong second quarter results, including a 51% increase in revenue from the year ago quarter to $226.4 million, and strong subscriber growth of 561,493 new subscribers during the quarter driving ending subscribers to over 7.1 million. However, net losses were significant, totaling $134.1 million, obviously a concern. “Sirius, once again, posted solid results,†Mel Karmazin, CEO of Sirius boasted....
Clear Channel Modifies Indie Radio Play Contract After Beatdown
After media scrutiny of their online agreement for indie artists and labels who want to upload their music to be considered for broadcast and digital downloading, Clear Channel has revised its policy. Clear Channel’s unctuous contract forced artists and labels to waive their right to receive royalties, if they participated in the government’s mandated program. The behemoth’s agreement was completely contrary to the...
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