"Slightly higher churn" from the impact of auto sales in the first quarter overshadowed the company's revenue, which beat analysts' expectations.
Layoffs are required to become "even more efficient, agile, and flexible," said CEO Jennifer Witz.
Full-year revenue dropped 0.6% to $8.95 billion while adjusted EBITDA fell 2% to $2.8 billion.
The court referenced the need to sign a longform agreement to finalize the contract.
New York authorities say the radio giant "deliberately wastes its subscribers’ time" to try to keep them from canceling.
The 20-stock index gained 2.2% to 1,522.78. It's now up 30.4% year to date.
The transaction, expected to close in the third quarter of 2023, will create a single class of stock for the satellite radio giant.
The app will be available Dec. 14, with some new channels and shows available now and others coming online in the next several months.
The Billboard Global Music Index improved 6.9% this week as 18 of the 20 stocks posted gains.
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.
