New York
– Sirius XM Radio (NASD: SIRI) announced on Wednesday that it added 257,000 net subscribers
during the fourth quarter of 2009, to end the year with a total of 18.8 million
subscribers. "Based on preliminary financial data, we expect to report
over $100 million of free cash flow for 2009, an extraordinary improvement over
the pro forma negative free cash flow of $552 million that the company
experienced in 2008," said Sirius XM CEO Mel Karmazin. "This is the
first year in our history that we have generated positive free cash flow for
the entire year."
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