Sirius XM Radio Has First Quarterly Profit Since The Merger


Sirius XM Radio has posted their first quarterly profit since the merger. The company expects to add about 500,000 customers in 2010 as there has been an increase in demand for new cars. It was about a year ago that Sirius XM was considering a bankruptcy. Liberty Media helped bail out the radio company from the bankruptcy. Liberty has about a 40% equity stake in the radio company. Sirius XM reported a fourth quarter net income of $14.2 million. About a year ago, Sirius XM had a net loss of $245.8 million. [NYT]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

Sirius XM Radio Has First Quarterly Profit Since The Merger Comments

  1. denisehubbard says:

    If you like Sirius XM then see their “rags to riches” story on DVD. The movie is called “Stock Shock” and it goes over the history, development, and near-death experience of the stock. I did not know the inventor of sirius xm was a woman!–well she is now, at least. DVD is cheaper at http://www.stockshockmovie.com , but the DVD is pretty much everywhere for sale or rent.

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