Sirius XM Holdings Inc SIRI

Sirius Widens Fourth Quarter Loss

[GWInvestor]

SessionsIR.com: Sirius Widens Fourth Quarter Loss 2/21/2006 Feb 21, 2006 (M2 PRESSWIRE via COMTEX) -- Stocks in the News: Sirius Satellite Radio Inc. (NASDAQ: SIRI), Clear Channel Communications Inc. (NYSE: CCU), Time Warner Inc. (NYSE: TWX) For Corporate or Company information in regards to SessionsIR, please visit: www.sessionsir.com or contact us at: [e-mail]. For SherlockStock Morning alerts, go to www.sherlockstock.com Sirius Satellite Radio Inc. (NASDAQ: SIRI) reported a wider loss in the fourth quarter Friday as costs for building its rapidly growing base of subscribers mounted. The company, which added shock jock Howard Stern to its roster last month, lost $311.4 million compared with a loss of $261.9 million in the same period a year ago. The loss per share came in at 23 cents, a penny lower than analysts surveyed by Thomson Financial had been expecting and 2 cents greater than the loss of 21 cents a year ago. Revenues more than tripled to $80 million from $25.2 million. DIGSound Inc.'s (OTC: DGSU) overwhelming response to its watermarking technology from TV composers has inspired an as-yet unnamed Music Production Company to move into collaborations with DIGSound. The company's responsibilities will include but are not limited to: composer and content acquisitions and handling the Pre- and Post-Production responsible for producing custom music through the DIGSound Platform. The details of the agreement have not yet been released. Radio station owner Clear Channel Communications Inc. (NYSE: CCU) is expected next week to report a drop in its quarterly revenue. But Clear Channel, the largest radio station owner in the United States, also probably will swing to a profit for its fourth quarter, analysts say. For its part, San Antonio-based Clear Channel is expected on Tuesday morning to post earnings of 35 cents a share on revenue of $2.27 billion, according to an analyst survey by Thomson First Call. Time Warner Inc. (NYSE: TWX) said late Friday it will undertake a series of actions as it has reached an "understanding" with activist shareholder Carl Icahn, who had been clamoring to split up the media giant into four separate companies. Time Warner said it will increase its share repurchase plan to up to $20 billion in stock through 2007, with about $15 billion worth of stock expected to be repurchased by year-end. Monday: World equity markets were mixed Monday as company news dictated trading direction in many nations, while oil stocks gained on renewed unrest in Africa. U.S. financial markets were closed for the Presidents Day holiday, leading to lean volumes on many exchanges. Energy stocks rose in tandem with higher crude prices in London trading. The weekend kidnapping of nine foreign workers and pipeline attacks Monday in Nigeria, Africa's largest oil producer, fueled further supply worries. 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The information contained herein is not guaranteed by SessionsIR to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this release have not given an opinion or approved the statements made in this release. SessionsIR is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. SessionsIR affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. SessionsIR will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market. Please consult your broker before purchasing or selling any securities mentioned herein. M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at https://www.presswire.net on the world wide web. Inquiries to [e-mail]. (C)1994-2006 M2 COMMUNICATIONS LTD ********************************************************************** As of Friday, 02-17-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated a DOWNTREND on 12-22-2005 for CCU @ $31.35. As of Friday, 02-17-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated a DOWNTREND on 01-04-2006 for SIRI @ $6.39. (C) 2006 Comtex News Network, Inc. All rights reserved.