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August 09, 2006
Will Podcasting Kill Satellite
Podcasting is increasingly a threat to the survival of satellite radio providers Sirius and XM. Both companies have faced increasing losses, even as their subscriber bases have grown. Sirius lost $237.8 million for the period compared with a loss of $177.6 million during second quarter of 2005. XM Satellite Radio on July 27 reported a second-quarter loss of $231.7 million, up from losses of $148.8 million a year ago. Apple recently announced that more than 70 percent of 2007 cars will have iPod support, which will make it easier for people to listen to podcasts as they drive. This threatens Sirius and XM, though, because adoption of satellite radio has largely been through people who buy cars with factory-installed equipment.
From Will Podcasting Kill Satellite
Posted by Alex at August 9, 2006 01:47 PM
