A FishbowlLA first: A no-pun headline involving "Sirius" losses
A day after a board director at XM quit and warned of a “significant chance of a crisis on the horizon” due to unchecked spending, its rival Sirius announced a fourth-quarter net loss of $311 million dollars.
As dizzying as the losses are at these companies, their subscriber growth is just as jaw-dropping: Sirius ended 2005 with 3.3 million subscribers, after gaining 1.1 million in the fourth quarter. Sirius also said it expects to double its subscriptions this year to 6 million.
Confused?
So were we, until we discovered more helpful numbers.
As
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