Sirius XM Radio Inc. (NASDAQ:SIRI) has announced that they will be rolling out satellite radio 2.0 technology at the end of the year. Two new SXM 2.0-equipped radios will be the starting point of the launch. Early next year, at least one auto manufacturer will release a 2013 model year equipped with the new technology.

Radio personality Howard Stern and his agent is suing Sirius XM Radio Inc. (NASDAQ:SIRI) for failing to pay stock awards to them. Stern claims to have helped Sirius XM surpass subscriber growth targets.

Sirius XM Radio Inc. (NASDAQ:SIRI) has signed a 5 year contract with Howard Stern. Stern made the announcement on his show earlier this week. He is not taking a pay cut as part of this deal. Stern will be broadcasted on the Sirius XM mobile application too. [NY Daily News]

SIRIUS XM Radio Inc. (NASDAQ:SIRI) has announced that they have hit 20 million subscribers. As a milestone celebration, SIRIUS XM announced a subscriber-only broadcast of an exclusive Paul McCartney concert at the Apollo Theater in New York City. Full press release below:

United Airlines (NASDAQ:UAUA) is replacing Sirius XM Radio with Microsoft Zune channels. The contract with Sirius XM ended May 30 and United Airlines decided not to renew. About 21 Zune channels will be available on every in-flight entertainment equipped United aircraft across various genres. [Fool.com]

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]

Sirius XM Radio Inc. (NASDAQ:SIRI) created a new iPhone application to try to get new business last May.  Now Sirius is attempting to raise $350 million debt financing through 4 year senior secured notes according to an SEC filing.  Sirius needs money to pay off debt.  This past February Liberty Media Corporation invested $530 million to keep Sirius afloat instead of filing bankruptcy.

[via BusinessInsider]

As many of you are aware, Sirius-XM almost had to file for bankruptcy but was given a lifeline from Liberty Media.  Shortly after resolving the financial issue, the company announced that they were going to make an iPhone application.  Now we have found out additional information about their upcoming application.

The application will be for free, but will require a subscription to work.  Current subscribers will have to pay $3/month for the application and non-subscribers have to pay $13 per month.  This is quite hefty considering the other radio stations that are available for free (Pandora/Last.fm/Clear Channel/Shoutcast).

For those of you out there that are Sirius-XM satellite subscribers, do you think you’d shell out $3 per month for it?

[via TUAW]