Sirius XM boss Mel Karmazin says “We’re #1.”
#1 radio company, by virtue of topping Clear Channel’s radio division in first-quarter revenues ($605 million to $603.5 million). And #1 in the world, since America’s largest radio company is almost by definition the world’s largest radio company. Of course Sirius XM and Clear Channel create their revenues in very different ways. Almost all the satcaster's $605 million is from subscription fees. Very little of it’s from advertising – the lifeblood of a traditional