# for all you stern fans **URL:** \ **Category:** PittSpeed Off Topic\ **Created:** [May 2, 2006, 7:35pm UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016 "2006-05-02T19:35:35Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Silver\_WS6](https://avatars.discourse-cdn.com/v4/letter/s/c0e974/32.png) [@Silver\_WS6](https://forums.speedlife.net/u/Silver_WS6)\ **Post date:** [May 2, 2006, 7:35pm UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/1 "2006-05-02T19:35:35Z")
Sirius Reports 1Q Loss of $458.5 Million advertisement Related information ``` * E-mail this article * Print-friendly version ``` Stocks mentioned in this article Sirius Satellite Radio Inc.(SIRI) Stock Quote, Chart, News XM Satellite Radio Holdings Inc.(XMSR) Stock Quote, Chart, News CBS Corporation(CBS) Stock Quote, Chart, News Related topics Earnings Reports Associated Press All Associated Press News NEW YORK (AP) - Sirius Satellite Radio Inc. reported Tuesday that its first-quarter loss more than doubled, due largely to expenses of $225 million in stock-based compensation to its star shock jock Howard Stern. Revenue nearly tripled as the company expanded its subscriber base. Sirius reported a net loss of $458.5 million, or 33 cents a share, for the January-March period compared with a loss of $193.6 million, or 15 cents a share, a year ago. By far the largest factor affecting the results was costs for stock-based compensation, which all companies had to begin recording this year under new accounting rules. Sirius reported stock compensation expenses of $284.6 million, of which about $225 million went to Stern and his affiliates, a company spokesman said. The company said stock compensation costs accounted for 20 cents per share of the loss in the most recent quarter. Analysts polled by Thomson Financial had been expecting a wider loss of 36 cents per share. On an earnings call with analysts, company officials said they had enough cash on hand to fund their current needs and expect to start turning a profit on a cash flow basis as soon as the fourth quarter of this year. Sirius also said its average cost for acquiring subscribers – a figure closely watched by investors – fell 41 percent to $113 in the quarter. Investors liked what they heard, and sent Sirius’s shares up 26 cents, or 5.6 percent, to close at $4.88 on the Nasdaq Stock Market. However, the shares are still closer to the lower end of their 52-week trading range of $4.36 to $7.98. Revenues rose 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. Sirius said it had 4.1 million subscribers at the end of the first quarter, having added about 761,000 customers in the most recent period. The company said it now expects to have 6.2 million subscribers by the end of the year. Both Sirius and its larger rival XM Satellite Radio Holdings Inc. are spending heavily to sign up subscribers and programming talent to their services, which require special radio receivers and cost about $13 per month. On the conference call, Sirius’s CEO Mel Karmazin said the company did not intend to follow the lead of XM in syndicating some of its programming to terrestrial radio. CBS Radio, a unit of CBS Corp., announced recently that it was replacing rocker David Lee Roth in Howard Stern’s former time slot in several of its stations with shock jocks Greg “Opie” Hughes and Anthony Cumia, who now work for XM. CBS Radio had fired them in 2002 after they aired a live account of people having sex in St. Patrick’s Cathedral. “It was a great deal for Opie and Anthony,” Karmazin said. “We’re in the business of getting subscribers to satellite radio.” Karmazin used to head CBS Radio, which had been known formerly as Infinity Broadcasting. © 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Back to News Home ---
**Author:** ![Quik](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/quik/32/5979_2.png) [@Quik](https://forums.speedlife.net/u/Quik)\ **Post date:** [May 2, 2006, 7:40pm UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/2 "2006-05-02T19:40:39Z")
haha, stern blows and i hope satelite radio just dies off. why would you pay for radio ---
**Author:** ![Sinner6.0L](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sinner6.0l/32/6016_2.png) [@Sinner6.0L](https://forums.speedlife.net/u/Sinner6.0L)\ **Post date:** [May 2, 2006, 7:40pm UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/3 "2006-05-02T19:40:49Z")
I thought I’d really miss stern being off the radio but now I realize that I don’t really give a fuck ---
**Author:** ![SSsuperchargedE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sssuperchargede/32/5958_2.png) [@SSsuperchargedE](https://forums.speedlife.net/u/SSsuperchargedE)\ **Post date:** [May 2, 2006, 7:47pm UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/4 "2006-05-02T19:47:28Z")
> [@Quik](#): > > haha, stern blows and i hope satelite radio just dies off. why would you pay for radio i agree. ive had xm for about two years and i’ve actually used it maybe a handful of times. waste ---
**Author:** ![imported\_weaves](https://avatars.discourse-cdn.com/v4/letter/i/bc8723/32.png) [@imported\_weaves](https://forums.speedlife.net/u/imported_weaves)\ **Post date:** [May 2, 2006, 8:46pm UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/5 "2006-05-02T20:46:12Z")
> [@Quik](#): > > haha, stern blows and i hope satelite radio just dies off. why would you pay for radio Why would you pay for cable when you can get local channels over the air? I don’t have satellite radio, but I can definitely see the benefits of it. ---
**Author:** ![whitey](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/whitey/32/5911_2.png) [@whitey](https://forums.speedlife.net/u/whitey)\ **Post date:** [May 2, 2006, 8:52pm UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/6 "2006-05-02T20:52:23Z")
satelite radio is pretty awesome ---
**Author:** ![Jeff95TA](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jeff95ta/32/5935_2.png) [@Jeff95TA](https://forums.speedlife.net/u/Jeff95TA)\ **Post date:** [May 3, 2006, 4:24am UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/7 "2006-05-03T04:24:37Z")
Having satellite while driving 6 hours was way better than scanning the stations and getting nothing but two country stations on most of Rt 68. Makes the commute better too. ---
**Author:** ![Pewter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/pewter/32/5936_2.png) [@Pewter](https://forums.speedlife.net/u/Pewter)\ **Post date:** [May 3, 2006, 4:55am UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/8 "2006-05-03T04:55:27Z")
fuck stern (s0nny voice) ---
**Author:** ![Quik](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/quik/32/5979_2.png) [@Quik](https://forums.speedlife.net/u/Quik)\ **Post date:** [May 3, 2006, 5:06am UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/9 "2006-05-03T05:06:32Z")
> [@weaves](#): > > Why would you pay for cable when you can get local channels over the air? I don’t have satellite radio, but I can definitely see the benefits of it. there are enough radio stations to keep you happy, but if you solely listen to one station that plays one specific music then yes satelite is the way to go. personally never would buy it. i heard it and nothing really good out of it for me to buy it. ---
**Author:** ![1st\_v-dub](https://avatars.discourse-cdn.com/v4/letter/1/ee7513/32.png) [@1st\_v-dub](https://forums.speedlife.net/u/1st_v-dub)\ **Post date:** [May 3, 2006, 6:04am UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/10 "2006-05-03T06:04:15Z")
"The company said stock compensation costs accounted for 20 cents per share of the loss in the most recent quarter. Analysts polled by Thomson Financial had been expecting a wider loss of 36 cents per share. On an earnings call with analysts, company officials said they had enough cash on hand to fund their current needs and expect to start turning a profit on a cash flow basis as soon as the fourth quarter of this year. Sirius also said its average cost for acquiring subscribers – a figure closely watched by investors – fell 41 percent to $113 in the quarter. Investors liked what they heard, and sent Sirius’s shares up 26 cents, or 5.6 percent, to close at $4.88 on the Nasdaq Stock Market. However, the shares are still closer to the lower end of their 52-week trading range of $4.36 to $7.98." I’m pretty sure this is good news as I don’t think either XM or Sirius has turned a profit. They are living out the “you have to spend money to make money” motto, and expect it to pay off. So it seems like signing Stern was a good move for them. ---
**Author:** ![Old\_Dirty\_Georg](https://avatars.discourse-cdn.com/v4/letter/o/7ab992/32.png) [@Old\_Dirty\_Georg](https://forums.speedlife.net/u/Old_Dirty_Georg)\ **Post date:** [May 3, 2006, 6:09am UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/11 "2006-05-03T06:09:14Z")
I haven’t listened to Pittsburgh radio once since I had my satellite install. Pittsburgh radio blows. Nothing but annoying djs, 58 minutes of commercials then 2 songs. I’ll never go back. And it’s not just one station I listen to, it’s everything from classical to rap to house to “hair nation.” That’s the real benefit to me. There’s no real rap station in Pittsburgh, out side of CMU you are not going to hear anything close to house. Classic soul - nope, not in Pittsburgh. We have 1 jazz and 1 classical station. The other people I know that bought it after listening to mine feel the same way. I have it in the truck and plan on getting it in the Accord shortly. :bigok: ---
**Author:** ![Silver\_WS6](https://avatars.discourse-cdn.com/v4/letter/s/c0e974/32.png) [@Silver\_WS6](https://forums.speedlife.net/u/Silver_WS6)\ **Post date:** [May 3, 2006, 6:15am UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/12 "2006-05-03T06:15:20Z")
when im in traffic for longer periods of time ill prolly get it ---
**Author:** ![rookee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rookee/32/5972_2.png) [@rookee](https://forums.speedlife.net/u/rookee)\ **Post date:** [May 3, 2006, 6:21am UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/13 "2006-05-03T06:21:36Z")
on the phone too much to justify it, but if it weren’t for ESPN radio i’d definitely get xm or something ---
**Author:** ![Dominator](https://avatars.discourse-cdn.com/v4/letter/d/a4c791/32.png) [@Dominator](https://forums.speedlife.net/u/Dominator)\ **Post date:** [May 3, 2006, 6:48am UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/14 "2006-05-03T06:48:08Z")
sirious if pimp. Good Metal and good rap. somthing pittsburgh lacks. ---
**Author:** ![Sinner6.0L](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sinner6.0l/32/6016_2.png) [@Sinner6.0L](https://forums.speedlife.net/u/Sinner6.0L)\ **Post date:** [May 3, 2006, 6:52am UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/15 "2006-05-03T06:52:45Z")
I like DVE eagle 107.5 is good too we need a classic rap station, I’d never turn it off. I never heard one good rap song on the radio ever, one time I think someone played some run dmc ---
**Author:** ![vtecsol](https://avatars.discourse-cdn.com/v4/letter/v/b5ac83/32.png) [@vtecsol](https://forums.speedlife.net/u/vtecsol)\ **Post date:** [May 3, 2006, 7:28am UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/16 "2006-05-03T07:28:58Z")
> [@01GPGT](#): > > I like DVE > > eagle 107.5 is good too > > we need a classic rap station, I’d never turn it off. I never heard one good rap song on the radio ever, one time I think someone played some run dmc sirius has backspin its all classic rap , big daddy kane old ll cool j and such its good stuff ---
**Author:** ![F-B-A](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/f-b-a/32/6022_2.png) [@F-B-A](https://forums.speedlife.net/u/F-B-A)\ **Post date:** [May 3, 2006, 7:38am UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/17 "2006-05-03T07:38:26Z")
Do you pay for cable TV??? why??? cause its better!!! Most companies operate on a loss, and sat. radio companies project a loss for the next few years. Stern isnt going anywhwere, and sirius is better than XM. Actually over the Christmas Holiday, Sirius was seeing a new subscriber rate increase of drastic measures, while XM witnesed HUGE cancelations, and the reason they gave to cancel… switching to sirius!! Do you know what it costs to put a sattelite in the shy??? truely, its antwonder why they have a loss right now Little if any comercial, over 120 channels to choose from and always on, no tuning, no static. I just put one in Cheeks 240 and will be installing one in his Civic Next week, ask him how he likes it. ---
**Author:** ![Jeff95TA](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jeff95ta/32/5935_2.png) [@Jeff95TA](https://forums.speedlife.net/u/Jeff95TA)\ **Post date:** [May 3, 2006, 8:38am UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/18 "2006-05-03T08:38:47Z")
> [@vtecsol](#): > > sirius has backspin its all classic rap , big daddy kane old ll cool j and such its good stuff Humpty Dance!!! ---
**Author:** ![VENOMevo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/venomevo/32/5959_2.png) [@VENOMevo](https://forums.speedlife.net/u/VENOMevo)\ **Post date:** [May 3, 2006, 8:47am UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/19 "2006-05-03T08:47:36Z")
I like my Sirius radio… Im getting the home kit soon… ---
**Author:** ![Shaggy](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/shaggy/32/5945_2.png) [@Shaggy](https://forums.speedlife.net/u/Shaggy)\ **Post date:** [May 3, 2006, 12:53pm UTC](https://forums.speedlife.net/t/for-all-you-stern-fans/182016/20 "2006-05-03T12:53:31Z")
Only thing I miss is stern on E. I’m not gonna pay for his ON DEMAND Show. Complete waste! [Next page](https://forums.speedlife.net/t/for-all-you-stern-fans/182016.md?page=2)