Sirius disappointed by holiday sales

By Ina Fried
Staff Writer, CNET News.com Published: December 4, 2006 4:35 PM PST

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September 26, 2006

Sirius Satellite Radio said Monday that holiday sales have not met expectations, though the company still expects to end the year having added more than 2 million subscribers.

"While strong, this year's retail sales results since the Thanksgiving weekend have not been at the pace we had anticipated," CEO Mel Karmazin said in a statement. The company said it now expects to end the year with between 5.9 million and 6.1 million subscribers.

The satellite radio firm said in November that it expected to have 6.3 million subscribers by year's end.

Sirius still hopes to post its first quarter with positive free cash flow, after capital expenses, as early as this quarter, the company said.

In after-hours trading, shares of Sirius were trading at $3.99, a drop of 18 cents, or more than 4 percent, from where the stock ended regular trading.

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Add a Comment (Log in or register) 6 comments (Page 1 of 1)

Get Sirius, everyone wants an iPod!
by CentrOS December 4, 2006 4:54 PM PST: Get Sirius, everyone wants an iPod!; Reply to this comment View reply
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The reason..
by BayshoreTommy December 5, 2006 3:49 AM PST: Their units stink, they need to offer more of a selection of portable/car audio units, then sales would pick up.; Reply to this comment

The reason..
by BayshoreTommy December 5, 2006 3:50 AM PST: Their units stink, they need to offer more of a selection of portable/car audio units, then sales would pick up.; Reply to this comment View reply
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I'm sorry but...
by chuck_whealton December 9, 2006 10:19 AM PST: There's no way I'll pay for radio. If you forked out the monthly dollar amounts that every vendor wants to get from you (satellite radio, Tivo, etc.), the average consumer wouldn't be able to afford their mortgage.

It's ridiculous.

On the other hand, if there were advertisements that paid for it, I'd be glad to shell out a couple hundred on a radio.

Charles R. Whealton
Charles Whealton @ pleasedontspam.com; Reply to this comment