| Business Summary | | Sirius
Satellite
Radio
Inc.,
formerly
CD
Radio
Inc.,
is
building
a
subscription
radio
service
that
will
broadcast
up
to
100
channels
of
audio
entertainment
directly
from
satellites
to
vehicles
throughout
the
continental
United
States.
The
Company
will
deliver
50
channels
of
commercial-free
music
in
virtually
every
genre,
and
up
to
50
channels
of
news,
sports,
talk,
comedy
and
children's
programming.
Sirius
is
one
of
only
two
companies
licensed
by
the
Federal
Communications
Commission
to
operate
a
national
satellite
radio
system.
Upon
commencing
commercial
operations,
the
Company
expects
its
primary
source
of
revenues
to
be
subscription
fees,
which
Sirius
expects
will
be
included
in
the
sale
or
lease
of
certain
new
vehicles.
In
addition,
Sirius
expects
to
derive
revenues
from
directly
selling
or
bartering
limited
advertising
on
its
non-music
channels. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SIRI
is
engaged
in
the
development
of
a
subscription
based
satellite
radio
system
for
the
nationwide
broadcast
of
up
to
100
channels
of
commercial-free
digital
quality
music
programming
and
nearly
seamless
signal
coverage
across
the
continental
U.S.
For
the
six
months
ended
6/30/01,
the
Company
reported
no
revenue.
Net
loss
applicable
to
Common
rose
54%
to
$136.9
million.
Results
reflect
higher
personnel
expenses
and
increased
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| David Margolese, 43 Chairman
and CEO | $1.0M | John Scelfo CFO | -- | Patrick Donnelly, 39 Sr.
VP, Gen. Counsel, Sec. | 644K | Joseph Capobianco, 51 Sr.
VP, Content | 555K | Mircho Davidov, Ph.D., 54 Sr.
VP, Engineering | 529K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|