Sirius sounding positive
Last month Sirius Satellite Radio downgraded its financial expectations. Today Sirius announced end-of-year numbers that fit into that revision: just over 6 million subscribers in the United States. Actually that's in the old 48 states, nobody else can legally receive Sirius signals.
Sirius offers 130 audio channels. It claims Q4 of 2006 was its first quarter with positive cash flow. Thanks in some measure to Howard Stern's presence, Sirius added 2.7 million subs in 2006. Are they gonna get access to the billions of potential subs in India and China?