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GlobeNewswire (Europe)
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InvestmentPitch: SiriusXM Radio (NASDAQ:SIRI) Ends 2011 with Nearly 21.9 Million Subscribers - Video Summary of Report Posted on www.investmentpitch.com

Vancouver, British Columbia, January 6, 2012 - SiriusXM Radio (NASDAQ:SIRI) announced at a conference call that it ended 2011 with nearly 21.9 million subscribers. SiriusXM Radio is America's satellite radio company, broadcasting more than 135 satellite radio channels of commercial-free music, along with premier sports, news, talk, entertainment and other content to its subscribers.

InvestmentPitch.com has produced a "video news alert (http://www.investmentpitch.com/media/1150/SiriusXM_Radio_NASDAQ:_SIRI_News_Alert/)" based on this news. If this link is not enabled, please visit www.investmentpitch.com (http://www.investmentpitch.com/)  and enter "SiriusXM" in the search box.

The company reported approximately 540,000 net new subscribers in the fourth quarter and approximately 1,700,000 for the full year 2011.

Mel Karmazin, CEO, stated, "Based on preliminary subscriber data, we are very pleased to announce that Sirius XM exceeded its subscriber guidance for the year. Our subscriber growth accelerated in 2011 as net new additions grew approximately 20%, delivering our best year for net additions since the merger and demonstrating the strong continuing demand for our unmatched audio content".

The company also owns 38% of Canadian Satellite Radio Holdings which operates as SiriusXM Canada, and trades on the Toronto Stock Exchange under the symbol XSR.

SiriusXM programming is available on more than 800 devices, including pre-installed and after-market radios in cars, trucks, boats and aircraft, as well as smartphones and mobile devices.

SiriusXM has arrangements with every major automaker and has a 65% OEM penetration for U.S. auto sales.

The shares are trading at $2.00 per share, and with 3.8 billion shares outstanding, the company is capitalizated at $7.6 billion.

For more information please contact Hooper Stevens at 212-901-6718 or email hooper.stevens@siriusxm.com (mailto:hooper.stevens@siriusxm.com).

InvestmentPitch.com is a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals. InvestmentPitch.com specializes in producing short three minute videos based on news releases and research reports.

CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan@investmentpitch.com (mailto:bmorgan@investmentpitch.com)





This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: InvestmentPitch via Thomson Reuters ONE

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© 2012 GlobeNewswire (Europe)
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