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Sirius hits 8.3 million subscribers in 2007

4 January 2008 17:43 by James "Dela" Delahunty | 4 comments

Sirius Satellite Radio managed to hit a previously set target by growing its base of subscribers to 8.3 million before the end of 2007. This represents a 38% increase in overall subscribers. In a statement, Sirius said it added 2.3 million net subscribers in the year, making it the highest number of gross subscriber additions in the entire history of the company.

"Based upon preliminary financial data, we expect to report significantly greater positive free cash flow in the fourth quarter of 2007 than the company reported in the fourth quarter of 2006," said Mel Karmazin, chief executive of Sirius, in a statement on Thursday.

At the beginning of 2007, Sirius revealed that it was aiming to add 2 million subscribers during the year in order to reach over 8 million in total. XM Satellite Radio said early last year it expected to end the year with between 9.0 and 9.2 million subscribers in total. Sirius is currently in the process of potentially acquiring XM.

Source:
Reuters

Permalink to this article

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Sirius / XM merger gets antitrust approval in U.S. (24 March 2008)

Sirius/XM merger gets support from three U.S. lawmakers (16 December 2007)

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Discuss this article!
b18bek9 (Member) 5 January 2008 0:58
Cant help but love the channels on sirius....not a xm fan but with the sports packages cant wait to see them merge. Howard stern rulez tooo...and the bubba army lol...... [ + quote]
borhan9 (AfterDawn Addict) 7 January 2008 5:02
I am glad to hear this great news. Good job and keep up the good work. [ + quote]
JOHNSTARR (Member) 7 January 2008 6:04
All I asked for Christmas was for the merger to go through so I can get out of the freaking stock market but it's getting to be a joke at this point. Howard 100-101 is always playing in my household :) Howard+Scottie+Bubba = Hey now Shake it up McGillicutty Not-Banned Yet Premium 360 Benq 1.3 XBOX 1.4 Zenium Gold SP Solderless Maxtor 300 GB [ + quote]
7thsinger (AfterDawn Addict) 7 January 2008 9:58
Great news there. Can't go wrong by owning the gamut of satellite radio. :) [ + quote]