While Sirius is still experiencing losses, a couple of notes to correct some assumptions (from various coverage -- NY Times, AP, MSN Money):
Revenues nearly tripled in the quarter to $126.7 million compared with $43.2 million in the same period a year ago as the company continued to build up its subscriber base.
On Wall Street, the stock rose as the sharp rise in revenue and subscriber growth overshadowed the loss.
Just under a third of Howard Stern's once-regular listeners have bought, or plan to buy, access to Sirius Satellite Radio, according to a survey of people who listened to Mr. Stern on terrestrial radio. Another 37 percent now listen to the replacement morning shows on Mr. Stern's old stations. And a third have migrated to other stations, according to Jacobs Media, a radio consultancy.
Howard paid less per hour than Oprah:
Sternâ??s deal is fatter, but heâ??s got to work a four-hour day. Still, $93,000 an hour is nothing to sneeze at â?? unless youâ??re Winfrey, pulling in $705,000. If Oprah Winfrey worked as hard as a shock jock, her pay package from XM Satellite Radio would be worth more than $3 billion.
