Sirius Posts Record Quarterly Revenues
Sirius Satellite Radio reported record revenues during the first quarter. For the three month period ending March 31st, revenues improved 61 percent to $204 million, though losses remained. For the quarter, net losses totaled $144.7 million, substantially less than a $458.5 million dive recorded during the year-ago quarter. Sirius also acquired 556,490 new customers during the period, bringing their total to 6.6 million. The...
Internet Radio Royalty Hike Battle Addressed By Congress
The Online Radio royalty debate is not dead due to a new bill introduced in the US Congress by Representatives Jay Inslee (D-WA) and Donald Manzullo (R-IL) dubbed “The Internet Radio Equality Act.” The bill was crafted to put a hold on the recent rate increases imposed by the US Copyright Royalty Board (CRB). The lobbying efforts of the Digital Media Association (DiMA), which promotes the agenda of Yahoo, AOL, and...
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