SIRIUS Satellite Radio (SIRI) Reports Increases in Revenue, Backed by Strong Partnership Agreements and Subscriber Surge
Mega-media company SIRIUS Satellite Radio (Nasdaq: SIRI) offers 65 channels of music, sports, news, talk, entertainment, traffic, weather and data. The company has established partnerships with the NFL and NASCAR, operates through SIRIUS Internet Radio and SIRIUS Backseat TV, and has a line of SIRIUS products for a variety of motor vehicles. The company today announced preliminary second quarter 2008 financial results, posting increases across the board. Stemming from the success of the company’s diversified offerings, SIRIUS posted a 25-percent increase in revenue to $283 million; total subscribers in excess of 8.9 million; and a 70-percent decrease in its adjusted…