XM Radio: Red ink to the power of X?

XM board director Pierce Roberts emanated some bad vibes: Per Reuters, Roberts says a crisis is looming if the company can’t stop blowing through cash.

In a letter XM released today, Roberts abruptly tendered his resignation and said his warnings about a “significant chance of a crisis on the horizon” had been ignored by the XM board and senior executives.

While we get that it takes money to make money, XM has been spending a bit like Michael Jackson in a Vegas antique shop: While subscriptions are up, the company also announced

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in