3 Media Stocks in Focus: Sirius Breaks Records, CBS Feuds with Time Warner, and Comcast and Company Keep Hulu
SiriusXM Radio (NASDAQ:SIRI) broke its own record for revenue this quarter, reaching $940 million, or 12 percent more than last year’s second quarter total. Income before taxes rose to $202 million in the second quarter, a 47 percent gain from the same period last year. The largest quarterly gain in subscribers since 2007 has Sirius with now over 25 million total users. Free cash flow was also at $237 million, an all-time second quarter high for the company.