Sirius-XM Jacks Up Rates, Charges For Music Site
As strapped for cash as the rest of the media industry, Sirius-XM Radio hopes to increase revenues by raising rates on certain customers--namely, subscribers who want to open multiple accounts. The satellite radio broadcaster is also ending its free Web-based music service. Neither measure affects the a la carte pricing structure for subscriptions adopted by the newly merged company last year.
The satcaster said it will begin charging $8.99 per month for extra accounts opened by customers in addition to their initial subscriptions. Using the "Family Plan" option, subscribers can open extra accounts when they want to add another satellite radio receiver to their service. Previously, each additional account under the Family Plan cost $6.99; the company is imposing a $2-per-month price hike.
At the same time, Sirius-XM also said it will begin charging subscribers who listen to satellite radio broadcasts online. Formerly free to subscribers, the online service will now cost $2.99 per month. However, the company promises improved sound quality under the new system.
None of these price hikes affect the basic rates for a la carte subscriptions--a condition of approval for its merger by the Federal Communications Commission last year. During negotiations with Congress and the FCC, Sirius-XM agreed to a three-year moratorium on rate increases as a concession to consumers.
Recent MediaDailyNews Articles
-
Aereo Is Not Just For Cord-Cutters May 23, 6:34 p.m.
Are cord-cutters most likely to subscribe to Aereo? Not necessarily, according to early returns. CEO Chet ... -
Cars.com Drops Flag On NASCAR.com Sponsorship May 23, 6:25 p.m.
Cars.com has a need for speed. The site has a deal with Turner to sponsor a ... -
Worldwide Pay TV On The Rise, Big Growth In Asia May 23, 4:17 p.m.
North American pay TV subscribers may continue to show little or no growth for the first ... -
Activision Blizzard's Campaign Wins Grand Effie May 23, 4:12 p.m.
Video game marketer Activision Blizzards’ ad campaign “The Vet and the nOOb” for "Call of Duty: ... -
Mag Bag: Bonnier, Source Interlink Swap Mags May 23, 4:09 p.m.
Bonnier, Source Interlink Swap Mags Enthusiast publisher Bonnier Corp. continued wheeling and dealing this week with ... -
Madison Avenue Is Mad As Hell, March Mad: Takes More, Not Less Network TV May 23, 7:46 a.m.
Demand for network TV advertising, which had been lagging so far this year, surged in April ... -
NY1 Show Goes National May 22, 7:32 p.m.
Time Warner Cable (TWC) will begin distributing a show about Broadway and theater at large to ... -
TV Model: Nets, Stations Split Retrans 50/50 May 22, 6:02 p.m.
Gray Television CFO Jim Ryan suggested that networks may capture more than half of an affiliate’s ... -
Newspaper, Magazine Ad Fortunes Continue To Decline May 22, 5:59 p.m.
The release of fourth-quarter figures for newspaper advertising and first-quarter figures for magazine ad pages earlier ... -
Equifax Taps Dentsu's 360i As Lead Agency May 22, 5:24 p.m.
Data collection company Equifax has selected Dentsu shop 360i to be its lead agency -- for ...
Be the first to comment on "Sirius-XM Jacks Up Rates, Charges For Music Site "
Leave a Comment