Sirius Satellite Radio &quot;outperform,&quot; target price raised
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NEW YORK, November 19  - Analysts at Stifel Nicolaus &amp; Company reiterate their &quot;outperform&quot; rating on Sirius Satellite Radio (SIRI.
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McLEAN, Va. -- XM Satellite Radio Holdings Inc., which last week announced plans to combine with rival Sirius Satellite, on Monday reported a narrower fourth-quarter loss as a larger subscription base led to a 45 percent boost in revenue.
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XM Satellite Radio Holdings Inc. , which has agreed to be acquired by rival Sirius Satellite Radio , posted a narrower quarterly loss as it trimmed costs, sending shares up 3 percent on Monday.
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Sirius Satellite Radio Inc. on  Wednesday posted a wider quarterly loss and said 2005 sales  would fall short of analysts' average targets.
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Shares of Sirius Satellite Radio Inc.  SIRI.O look pricey despite the company's new five-year, $500  million pact with shock jock Howard Stern to air his program  starting in 2006, according to the latest edition of Barron's,  the weekly financial newspaper.
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SAN FRANCISCO (CBS.MW) -- Shares of Sirius Satellite Radio and main rival XM Satellite Radio fell in active trading Tuesday amid worries that they have become too expensive given the companies&#39; lack of profitability.
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Sirius Satellite Radio Inc. on Monday said it topped its goal of enlisting 1 million subscribers by year-end, while rival XM Satellite Radio Holdings Inc.
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The satellite radio provider has gotten ahead of itself, but selling now would be a mistake.
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Sirius Satellite Radio Inc.  on Tuesday posted a smaller quarterly loss on better-than-expected subscriber growth, but concerns about the number of its radios in unsold cars helped depress its stock.
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Sirius Satellite Radio Inc. reported a narrower third-quarter loss Tuesday and recorded a 50 percent increase in new subscribers ahead of its planned combination with larger rival XM Satellite Radio Holdings Inc.
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Sirius Satellite Radio  ended  2007 with more than 8.3 million subscribers, a 38 percent rise  that met its target for the year.
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Sirius Satellite Radio  and XM Satellite Radio  shares jumped on Tuesday after the companies announced a merger plan, although a top regulator said the deal would face a tough review.
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Sirius Satellite Radio and larger rival XM Satellite Radio Holdings have both announced gains in subscribers as 2004 draws to a close.
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Shares of Sirius Satellite Radio Inc.  fell more than 7 percent on Tuesday after the pay-radio provider cut its fourth- quarter subscriber target, citing disappointing sales over the U.S. Thanksgiving holiday weekend.
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XM and Sirius are inching closer to being fruitful and multiplying.
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Sirius Satellite Radio (SIRI.O: Quote, Profile, Research) on Monday said it surpassed its full year 2004 target of 1 million subscribers, boosted by a strong holiday shopping season.
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(InfoWorld) - The U.S.'s two satellite radio operators, Sirius Satellite RadioÂ and XM Satellite Radio Holdings announced Monday they plan to merge, pending a potentially difficult approval process. The all-stock deal will see XM shareholders receiving 4.6 shares of Sirius stock for each XM share they own. The new company would be worth $13 billion, based on the companies' estimates, although neither company has ever turned a profit. Sirius and XM combined lost over a billion dollars last year on total revenues of about $1.5 billion. Because the two are the only companies licensed by the U.S. Federal Communications Commission (FCC) to offer satellite radio services, the merger may face regulatory opposition over creating an industry giant that would be hinder competition. Sirius CEO Mel Karmazin will become the new company's CEO, with Gary Parsons, currently XM's chairman, set to become its new chairman. Executives from both companies will continue in their present roles until the deal closes, expected by the end of 2007. The two companies pioneered the concept of subscription-based radio services, delivered nationwide via satellite. Both Sirius and XM charge subscribers $12.95 per month for their services. Sirius surprised the radio world in 2004 when it signed shock-jock Howard Stern to a five-year, $100 million contract. Stern remains the network's chief draw of over 130 channels, which includes NFL game broadcasts and related talk shows. XM has about 160 channels and counts talk-show and entertainment titan Oprah Winfrey among its celebrities. XM claims 7.6 million subscribers, and Sirius 6 million.