Thursday, August 5, 2010

Sirius Continues To Post Gains

Sirius had a banner third quarter with subscribers, revenues, and profit all showing gains. "The company said it added 583,000 subscribers in the quarter, allowing Sirius XM to raise its full-year revenue guidance up to $2.8 billion." The hope is that Howard Stern will renew his agreement as well and Sirius will have an impressive full year. Howard's news is not expected till this Fall although his contract expires at the end of the year. Certainly, Sirius can only hope that Howard decides sooner rather than later.

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