Sirius Says Its Subscribers Top 800,000
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By Reuters. Sirius Satellite Radio Inc. said yesterday that it passed the 800,000 subscriber mark and is on track to have one million by the end of the year, further fueling the company&#39;s stock.
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XM Satellite Radio Holdings Inc.   XMSR.O said on Wednesday it added some 285,000 new net   subscribers in the third quarter, fewer than that of rival   Sirius Satellite Radio SIRI.O, and both said they remain on   pace to meet full-year targets.
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Slowly but surely, satellite radio is catching on, according to subscriber numbers released Monday. But neither Sirius Satellite Radio nor XM Satellite Radio will break even, analysts said, until millions
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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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NEW YORK_Sirius Satellite Radio Inc. is bringing in another big gun from the media world, tapping Mel Karmazin, the former president of media giant Viacom Inc.
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NEW YORK -- Top-ranked shock jock Howard Stern is leaving Infinity Broadcasting Corp. to join Sirius satellite radio, beginning in January, 2006.
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Sirius Satellite Radio Inc., whose recent deal with radio "shock jock" Howard Stern rocked the broadcasting world, Tuesday said its subscription list has exceeded the 700,000 mark.
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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.
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AT&T's mobile-services provider says it added a record number of subscribers, more than tripled profits in the fourth quarter.
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Boosted by increasing visibility and holiday sales of satellite radio devices, XM Satellite Radio said it surpassed its year-end goal of 3.1 million subscribers, set in February, after starting the year with 1.3 million subscribers, while Sirius Satellite
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In a cred boost for satellite radio, former Viacom Chief Mel Karmazin signed on as chief executive of Sirius Satellite Radio. Viacom&#39;s former CEO has also served as head of CBS Corporation and Infinity Broadcasting.
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Sirius continues to make serious inroads into XM's lead in satellite radio. On Wednesday, both companies announced their quarterly subscriber adds, and the smaller company continued to beat its larger rival by a 2-to-1 margin.
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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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Shares of Sirius Satellite Radio  rose 3.3 percent on Monday after it said it surpassed its full year 2004 target of 1 million subscribers, boosted by a strong holiday shopping season.
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Sirius Satellite Radio Inc. doesn't  rely wholly on Howard Stern, even though an estimated half of  its 6 million listeners tune into the raunchy talk show  personality, Chief Executive Officer Mel Karmazin said on  Thursday.
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Former Viacom Inc. president Mel Karmazin held his first conference call with analysts as chief executive of Sirius Satellite Radio Inc. yesterday to discuss the company's rising revenue and its 2005 guidance. But the first question he got wasn't about Sirius's financial outlook. It was about a rumor that Sirius was in talks to merge with its rival, District-based XM Satellite Radio Holdings Inc.
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Satellite broadcaster British Sky Broadcasting Group PLC reported strong growth in subscribers Friday and a jump in revenue that exceeded analysts' expectations, underpinning a 3 percent rise in quarterly net profit.