OmegaSource

Everybody is still geting paid, CEO’s are still geting their bonuses and dividents, so the only looser there is the stock market investor.

Well, here is the report.

Sirius Satellite Radio said its net loss slimmed substantially in the second quarter, as it added more than a half-million new subscribers and revenue grew by about 50%, according to an Associated Press report.
The Associated Press report said Sirius reported a net loss of $134.1 million compared with a loss of $237.8 million a year earlier.

Revenue rose to $226.4 million from $150.1 million a year earlier.

In other key metrics watched by investors, Sirius’ cost for adding each subscriber fell to $108 from $131 in the same period a year ago. Read the rest of this entry »

Space Systems/Loral (SS/L) and SIRIUS Satellite Radio (Nasdaq: SIRI) today announced that SS/L has been awarded a contract from SIRIUS to build SIRIUS FM-6, a new, high-power satellite designed to operate in a highly inclined elliptical orbit (HIEO). This satellite will be the sixth SS/L-built spacecraft in the SIRIUS fleet. SS/L is a subsidiary of Loral Space & Communications (Nasdaq: LORL - News).

SIRIUS FM-6 will provide nearly double the power of the satellites in SIRIUS’ existing, in-orbit constellation, continuing to improve service for SIRIUS subscribers. Scheduled for completion in 2010, the new satellite will provide more than 15 years of service life. Sirius has not announced a launch provider for the new satellite.

The spacecraft design is based on SS/L’s 1300 space-proven platform, which provides the flexibility to accommodate a broad range of applications and technology advances. SIRIUS FM-6 will carry an X-band uplink and an S-band downlink payload. With almost 20 kilowatts end-of-life power, it will be one of the most powerful satellites being built today. Read the rest of this entry »