Saturday, February 18, 2006

XM losing money and exec

XM Satellite Radio Holdings on Thursday posted <A HREF="http://news.zdnet.com/2100-1035_22-6040357.html?tag=zdnn.alert">a wider fourth-quarter loss,</A> hurt by higher programming and marketing costs even as revenue more than doubled. In addition, XM said a company director, Pierce Roberts, has resigned from the board because he saw "a significant chance of a crisis on the horizon" and was "troubled" about XM's direction. XM disclosed Roberts' resignation in a filing with the U.S. Securities and Exchange Commission, and said Roberts favored cutting spending to boost cash flow.

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