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Thread: Merger question...regarding subscribers.

  1. #1
    Mario is offline
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    Joined: Aug 2007 Posts: 39

    Merger question...regarding subscribers.

    Just got my Merger vote slips and there was a proxy circular included. Was looking through it and noticed some figures on page 81. They come with a disclaimer, but they seemed interesting. This may be old news, but it is new to me.

    Based on the figures, at year end 2008 Sirius is expecting to have 12.1 million subs, and XM is expecting 12 million. Most other figures I have seen floating around have not pegged Sirius to surpass XM for at least many more years.

    The figures sound really optimistic for either operator....Any other input on this? Does this seem at all possible?

  2. #2
    Newman is offline
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    Joined: Jun 2007 Location: Dallas Texas Posts: 1,162
    I wrote an article on the Fool.com discussion boards some time ago (before the merger announcement) that has been ongoing somewhat.

    You can see it HERE

    Here is my latest update on subscriber numbers. It does not include the XM numbers from today, but I will probably update it once Sirius reports next tuesday.

    Quote Originally Posted by Newman
    As of the end of the 2nd quarter of 2007, exceeded 7.1 million subscribers with subscriber additions of 561,493 (over 1.1 million additions for the first half of 2007).
    XM had announced 8.25 million customers with subscriber additions of 338,000 (an addition of 620,000 fir the first half, barely more than what Sirus added for the last QUARTER). This puts the difference in subscriber count at 1.15 million subscribers, down from the 1.61 million subscriber gap that I mentioned when I wrote the peice back in February. That is nearly half a million subscribers that Sirius has gained on XM, or 1/3 of the gap, and SIRI is still gaining market share. The unknown factor here is how the OEMs will ramp up their installs, but as far as retail goes, most are expecting minimal additions for XM, and possibly even a retail LOSS of customers. Sirius is still gaining ground there as well. They may not make it by the end of 2007 (only two more quarters to go) but they have put in one hell of a dent in the gap. I can almost guarentee that they will be virtually even by end of first or second quarter 2008 if the merger does not go through.

  3. Ad Fairy Senior Member

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