Sirius defies the naysayers -- again
News of a strong second quarter comes as CEO Mel Karmazin clashes with Liberty Media over control of the satellite radio comapny.
Sirius expects to add 1.6 million net subscribers this year, which is higher than an earlier forecast of 1.3 million. The company added 622,042 net subscribers in the second quarter, up 38% from a year earlier. During the first half of the year, it saw more than 1 million new net subscribers for a total of about 23 million as of June 30. The timing of this news couldn't have been better for Sirius.
Jonathan Berr does not own shares of the listed stocks. Follow him on Twitter@jdberr.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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