Only a year after the launch of the app, which failed to take off with its intended audience, the company decided to re-emphasize its strong suit: in-car listening.
The satellite radio giant also announce the departure of its chief product and technology officer and the hiring of a chief operating officer.
The new station is a mix of Clarkson's personal pics, stories, interviews, road trip mixtapes and beloved Kellyoke songs from the singer's daytime talk show.
The 1-for-10 stock split reduces the number of shares in hopes of boosting the company's stock when it merges with Liberty Media's tracking stock later this year.
"Slightly higher churn" from the impact of auto sales in the first quarter overshadowed the company's revenue, which beat analysts' expectations.
Full-year revenue dropped 0.6% to $8.95 billion while adjusted EBITDA fell 2% to $2.8 billion.
The company said it lost 96,000 self-pay subscribers in the quarter, but total subscribers held flat at 34 million as it prepares to unveil a new app.
In a new filing, the satellite-radio giant says SoundExchange’s “so-called audit” is “flawed" and claims SiriusXM has paid all of the royalties it owes.
