XM Rumors Swirl, Sirius Hits 6M Subscribers, Issues Requisite Press Release

Interesting timing of this press release, considering yesterday’s Times story on Wall Street’s doubts about satellite radio:

SIRIUS EXCEEDS 6 MILLION SUBSCRIBERS and achieves first cash flow positive quarter

  • Record Year With 2.7 Million Net Subscriber Additions in 2006
  • Company To Report Positive Free Cash Flow For Fourth Quarter 2006

    NEW YORK — January 2, 2007 — SIRIUS Satellite Radio (Nasdaq: SIRI) today announced that it ended 2006 with approximately 6,024,000 subscribers, an 82% increase over the company’s 2005 ending subscriber base of 3,316,560.

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