Sirius XM Radio (NASDAQ:SIRI) announced that it ended the year with nearly 21.9 million subscribers. It reported approximately 540,000 new subscribers in the fourth quarter and approximately 1.7 million for the full year 2011.

“Based on preliminary subscriber data, we are very pleased to announce that SiriusXM exceeded its subscriber guidance for the year. Our subscriber growth accelerated in 2011 as net 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,” said Mel Karmazin, chief executive officer, SiriusXM.

The company expects to announce subscriber guidance for 2012 and complete 2011 results in February, and reiterated its existing financial guidance for 2011 and 2012.

The company made these comments during a presentation at the Citi 2012 Entertainment, Media and Telecommunications Conference. Pandora is targeting content acquisition cost of about 40%, operating profit about 20% of revenue and long-term cost of revenue about 7%.

With the positive catalyst news, here’s how Sirius is reacting to the news and some of its media competitors:

SIRIUS XM Radio Inc. (NASDAQ:SIRI): SIRI shares recently traded at $1.83,. They have traded in a 52-week range of $1.27 to $2.44. Volume today was 1,163,915 shares versus a 3-month average volume of 53,160,600 shares. The company’s trailing P/E is 45.75, while trailing earnings are $0.04 per share.

CBS Corporation (NYSE:CBS): CBS shares recently traded at $27.90,. They have traded in a 52-week range of $17.99 to $29.68. Volume today was 0 shares versus a 3-month average volume of 7,883,310 shares. The company’s trailing P/E is 15.87, while trailing earnings are $1.76 per share.

Walt Disney Co. (NYSE:DIS): DIS shares recently traded at $38.85,. They have traded in a 52-week range of $28.19 to $44.34. Volume today was 1,529 shares versus a 3-month average volume of 11,401,600 shares. The company’s trailing P/E is 15.42, while trailing earnings are $2.52 per share.

News Corp. (NASDAQ:NWSA): NWSA shares recently traded at $18.22,. They have traded in a 52-week range of $13.38 to $18.50. Volume today was 0 shares versus a 3-month average volume of 19,691,600 shares. The company’s trailing P/E is 17.88, while trailing earnings are $1.02 per share.

To contact the reporter on this story: Ashley Cloninger at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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