Sirius XM sticks it to subscribers
Originally published: May 10, 2009
Last updated: May 10, 2009 - 10:54am
How's the Sirius XM satellite radio monopoly working out for subscribers? Not so well. Now that Sirius XM is the only game in town, it's nudging up fees for subscribers. Nice! The one and only satellite radio company's boasts of its ever-increasing subscriber base are gone now, and the decline is significant. The number floating around the Internet is a loss of 400,000 subscribers. That still leaves 18.6 million, but there's no way of knowing how many of that number are full-price-paying subscribers. Could the subscriber losses be attributed to recent price hikes? The family plan package went from $6.99 to $8.99 a month and there's a monthly $2.99 fee to receive Sirius XM stations over the Internet. That service was previously free.
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