Sirius XM has suffered through yet another losing quarter. Last week, the satellite radio company reported a net loss of $236.6 million for the first three months of the year.
Although it posted a tough first quarter, CEO Mel Karmazin expressed optimism. Sales grew to $587 million from $270.4 million a year prior, he noted. His company's operating costs dropped 23 percent year over year. And there is more evidence than ever that Sirius XM is slowly inching its way toward profitability, he said in a statement.
Not everyone is impressed. Fellow CNET Blog Network member Steve Guttenberg wrote that Sirius XM is "sticking it" to subscribers. He believes that customers aren't getting enough for what they're paying.
I understand his point. As a Sirius XM subscriber, I wasn't pleased to hear recently that it was raising prices. But that doesn't taint my evaluation of the service. For me, the "Sirius Everything plus the best of XM" package is worth $16.99 per month.… Read more