This Week's Winners and Losers in Business
From a company that blew away analysts' expectations to a CEO misusing corporate jets, here's a rundown of this week's smartest moves and biggest blunders in the business world.
satellite radio
Sirius Shows How to Play a Price Hike Without Getting the Blues
Sirius XM Radio raised its prices in January and totally got away with it. Last summer, Netflix tried it and got burned. So what did the satellite radio giant do smarter than the streaming video king?
Why Terrestrial Radio Will Never Be Great Again
There was a time when car radios cranked out the soundtrack of our lives. These days, radio is a bit of a forgotten toy, and there are more than 20 million people willing to pay for something they could get free the old-fashioned way.
5 Things to Watch Next Week on Wall Street
News items to watch next week include Groupon's long-awaited IPO, the release of Take-Two Interactive's Grand Theft Auto V, Dunkin' Brands second-ever quarterly report, and more from car rental companies to satellite radio.
Pandora IPO: Not Yet
A Sirius Threat
While many people consider Pandora and Sirius to be direct competitors, they have very different business models and plenty of room for growth in their core businesses. Stock analysis firm Trefis explains that Pandora's popularity rides off its "free" and customizable services while Sirius's major selling point is ad-free content.
Rising Auto Sales Drive Sirius XM Subscriber Growth
Sirius XM's first quarter results were strong, with total subscribers up 9% from a year ago to a new high of 20.6 million and adjusted EBITDA of $181 million, up 15% year-over-year. But what should most interest investors are the moves it's making to amplify its growth in the years ahead.
Why Howard Stern Is Sticking With Sirius
After getting into a salary squabble with the satellite radio company, the self-styled King of All Media resolved his beef and re-signed. Details of the deal aren't available, but it's likely Sirius represented the least-risky way for the star to keep his career flying.
Sirius Earnings on Target as Subscriber Growth Continues
Sirius XM Radio on Wednesday posted a small profit in its second quarter, but reported better than expected revenue thanks to a jump in subscribers and improvements in its operations. Its net income was $15.3 million compared with a loss of $159.6 million one year ago.