NEW YORK— Sirius XM Holdings Inc. on Tuesday reported profit that declined by 4.4 percent in its second quarter. The New York- based company said earnings fell to $120 million, or 2 cents per share. The satellite radio company said revenue rose 10 percent to $1.04 billion from $940.1 million in the same quarter a year earlier, and beat Wall Street forecasts.» Read More
WASHINGTON— President Barack Obama says all American workers deserve to know that if they lose their jobs, their country will help them train for a better one. In his weekly radio and Internet address, Obama says Congress has taken steps in the right direction by approving job-training legislation.
TORONTO, July 10- Shares in Canadian media company Corus Entertainment Inc slumped on Thursday after it reported a quarterly loss amid a slumping advertising market. Corus said it had a net loss of C $30.3 million on revenue of C $214 million in the three months to May 31, due mostly to impairment charges and radio license fees.
After 17 years of distribution by Public Radio International, Ira Glass's 'This American Life' is going independent. NYT reports.
June 26- YouTube is venturing onto radio with a weekly show on satellite radio service Sirius XM that will feature the online video website's most popular and emerging artists, the companies said on Thursday. It is the first time YouTube, owned by Google Inc, has partnered with another platform on a show about music.
June 24- Radio station operator Townsquare Media LLC filed with U.S. regulators on Tuesday to raise up to about $143.8 million in an initial public offering. The Greenwich, Connecticut- based company listed Merrill Lynch, Pierce, Fenner& Smith, Jefferies and RBC Capital Markets as the lead underwriters to the IPO.
SYDNEY, June 24- BHP Billiton is planning to cut more jobs at its flagship Australian iron ore division as it seeks to reduce costs, following a slump in iron prices. A BHP spokeswoman said it was not possible to put a number on how many jobs would be targeted, and declined to confirm an Australian Broadcasting Corp radio report that the number could reach 3,000..
Spotify wants to make sure you never again hear a great song on the radio and then run down to the local record shop, or onto iTunes, to buy it.
June 9- Analog Devices Inc said it would buy Hittite Microwave Corp in a deal valued at $2 billion to strengthen its radio frequency and signal conversion chip offerings. Analog will pay $78 per share in cash, which represents a premium of about 29 percent to Hittite's Friday close of $60.56 per share.
June 9- Chipmaker Analog Devices Inc said it would buy Hittite Microwave Corp in a deal valued at $2 billion to strengthen its radio frequency and signal conversion chip offerings. Analog will pay $78 per share in cash, which represents a premium of 28.8 percent to Hittite's Friday close of $60.56 per share.
May 29- Analog chipmaker Avago Technologies Ltd reported a 25 percent rise in quarterly revenue, helped by higher demand for its radio frequency chips used in smartphones. The company's net income increased to $158 million, or 61 cents per share, in the second quarter from $113 million, or 45 cents per share, a year earlier.
LONDON, May 10- Britain is ready for "hard negotiation" to ensure Pfizer sticks to specific promises on jobs and science under the U.S. drugmaker's proposed takeover of AstraZeneca, its finance minister said. "I think it would be extraordinary not to engage with AstraZeneca or Pfizer," George Osborne told BBC radio on Saturday.
*Apple reportedly close to deal for Beats Electronics. *Apple Inc is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear. Apple shares slipped 0.7 percent to $583.91 while Internet radio provider Pandora Media Inc lost 2.5 percent to $64.52.
*Two years after election, Hollande says should have acted more decisively. *Radio listeners challenge him over unemployment, taxes. PARIS, May 6- France's most unpopular president in decades said on Tuesday he had some regrets and understood voters had doubts at a time of crisis- and pledged to respond by accelerating reforms to put the country back on track.
NEW YORK, May 6- Six-month-old new media site Ozy is jumpstarting its distribution and has struck a partnership with U.S. nonprofit radio network NPR. Ozy plans to capitalize on NPR's reach online with its more than 20 million monthly unique visitors- more than four times Ozy's online audience- to help more people see its content on NPR's home page.
UK GOVT MINISTER DAVID WILLETTS SAYS PFIZER MOVED A LONG WAY ON UK COMMITMENTS, BUT DEAL A MATTER FOR ASTRAZENECA SHAREHOLDERS- BBC RADIO.
BEIJING, April 28- Hong Kong shares finished down 0.4 percent on Monday, with index heavyweight Tencent the biggest drag as investors worried that a clampdown on online video might affect its revenue. Shares in Tencent fell 2.9 percent, after China's State Administration of Press, Publication, Radio, Film and Television banned four popular U.S.
April 24- Satellite radio provider Sirius XM Holdings Inc reported a better-than-expected 11 percent rise in quarterly revenue as car owners increasingly signed on for subscriptions after their initial free access expired.
April 24- Satellite radio provider Sirius XM Holdings Inc reported a better-than-expected 11 percent rise in first- quarter revenue as more subscribers stayed on after an initial promotional period. Net income fell to $93.9 million, or 2 cents per share, from $123.6 million, or 2 cents per share, a year earlier.
Aereo realized before its case reached the Supreme Court that it was better off comparing itself to an old-school equipment provider- a sort of Radio Shack of the digital age- than bickering with broadcasters over how exactly its banks of antennas operate.
The market loves Pandora's growth story but it doesn't make money, says Dennis Berman Wall Street Journal business editor & columnist, weighing in on Pandora's market share, as consumer usage ticks up from a year ago. CNBC's Jon Fortt provides insight.