NEW YORK, Sept. 14, 2011 /PRNewswire/ — Sirius XM Radio (Nasdaq:SIRI – News) today provided 2012 financial and subscriber guidance and affirmed its previous guidance for 2011.

(Logo: http://photos.prnewswire.com/prnh/20101014/NY82093LOGO)

SiriusXM’s guidance for 2012 includes:

Revenue growth of 10% to approximately $3.3 billion,
Adjusted EBITDA growth of 20% to approximately $860 million, and
Free cash flow growth of 75% to approximately $700 million.

“Our new guidance for 2012 demonstrates our expectation of robust growth next year,” said Mel Karmazin, Chief Executive Officer, SiriusXM. “SiriusXM’s outstanding financial performance in the midst of considerable economic uncertainty will continue in 2012 as we grow our subscriber base and free cash flow and anticipate that our revenue and adjusted EBITDA growth will accelerate.”

The company also affirmed its existing 2011 guidance, including:

Net subscriber additions of approximately 1.6 million,
Revenue of approximately $3 billion,
Adjusted EBITDA of about $715 million, and
Free cash flow approaching $400 million.

“In the 10 years since SiriusXM launched service, we have expanded our programming line-up to provide an unparalleled listening experience. On January 1, 2012, we will increase the base price of Sirius and XM Select from $12.95 to $14.49 per month and will adjust prices on many of our other programming packages. This is the first price increase on our basic service packages since the addition of the NFL, NASCAR, Howard Stern, Martha Stewart and many college sports to our programming line-up. Through continued investments in technology, the best and most diverse programming in radio is available to our subscribers in cars, homes, offices, business establishments, on the internet and smartphones. We will expand our programming and technology further with the launch of SiriusXM 2.0 in the coming months,” said Karmazin.

About Sirius XM Radio

Sirius XM Radio is America’s satellite radio company. SiriusXM broadcasts more than 135 satellite radio channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to over 21 million subscribers. SiriusXM offers an array of content from many of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers.

SiriusXM programming is available on more than 800 devices, including pre-installed and after-market radios in cars, trucks, boats and aircraft, smartphones and mobile devices, and consumer electronics products for homes and offices. SiriusXM programming is also available at siriusxm.com, and on Apple, BlackBerry and Android-powered mobile devices.

SiriusXM has arrangements with every major automaker and its radio products are available for sale at shop.siriusxm.com as well as retail locations nationwide.

http://finance.yahoo.com/news/SiriusXM-Provides-2012-prnews-1607834342.html?x=0&.v=1

Press Release Source: SIRIUS XM Radio On Tuesday November 30, 2010, 8:30 am

NEW YORK, Nov. 30, 2010 /PRNewswire/ — SIRIUS XM Radio (Nasdaq:SIRI – News) today announced that it recently surpassed 20 million subscribers, a record number of subscribers in satellite radio history.

Mel Karmazin, SIRIUS XM’s Chief Executive Officer, stated, “Reaching and surpassing 20 million subscribers is a significant milestone for us. We have added the last 10 million subscribers faster than the first 10 million — despite a tremendously competitive environment — representing a strong endorsement of our service and our programming by discerning consumers who want and demand the best in audio entertainment. As a leader in audio entertainment, SIRIUS XM has assembled the best content, personalities, and entertainers that satisfy our subscribers’ diverse interests.”

In celebration of this milestone, SIRIUS XM previously announced a special, subscriber-only broadcast of an exclusive Paul McCartney concert at the Apollo Theater in New York City on December 13, 2010.

About SIRIUS XM Radio

SIRIUS XM is America’s satellite radio company, broadcasting more than 135 channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to 20 million subscribers in cars, trucks, boats and aircraft, and through a wide range of mobile devices.

SIRIUS XM offers an array of content from some of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers. SIRIUS XM programming is also available at sirius.com and xmradio.com, and on Apple iPhone and iPod touch, BlackBerry and Android-powered mobile devices using the SIRIUS XM Premium Online App.

SIRIUS XM has arrangements with every major automaker and its radio products are available at retail locations nationwide, as well as shop.sirius.com and shop.xmradio.com.

http://finance.yahoo.com/news/SIRIUS-XM-Reaches-20-Million-prnews-2589258261.html?x=0&.v=1

http://www.alleyinsider.com/2008/6/iphone_aol_radio

I have no doubt you are correct that the internet will be pervasive in the car. I also think you are definitely correct that internet radio is wildly popular. I read it doubled its audience last year. I think it may have 40 million or more listeners already. Free Terrestrial radio is already wildly popular with 95% of the people in this country listening. Maybe internet can even reach that one day. BUT……WHAT WILL PEOPLE PAY FOR? 10,000 terrestrial stations, a million internet stations, OR Howard Stern and Major League Baseball. Answer is obvious. Content is king. People pay for content. Satellite radio has the content. Will big internet radio like AOL or Yahoo acquire content and move the internet in the right direction? Doubt it. Not as long as they view themselves as technology companies instead of the media companies that they should have become 10 years ago.

Also, Internet radio may not be as insignificant/fragmented as you think. Yahoo! Launchcast alone averaged 2.3 million unique listeners per week in December 2006: http://www.arbitron.com/onlineradio/dec_ratings_2006.htm

When Howard signed with Sirius about 2 years ago they had 600 hundred thousand subscribers. Today they have over 6 million subscribers with Howard being on the air just a little over a year. There is no way music is as big a driver as Howard or specialized content. Not even close.

“Internet radio can pay for content too (and once they have distribution they will have the funding).”

About a million internet radio stations. Very fragmented industry. Doubt that any of them will have the funding or spend the money for bigtime content. Its possible. I doubt internet radio goes in that direction. Too fragmented. By that time Sirius and XM will be in just about every car with all the major content wrapped up.