SOURCE: The Bedford Report

The Bedford Report

February 28, 2011 08:46 ET

For Radio Broadcasters It's All About Auto Sales

The Bedford Report Provides Analyst Research on Sirius XM & Entercom Communications

NEW YORK, NY--(Marketwire - February 28, 2011) - Satellite broadcasters have garnered substantially better results than their terrestrial radio peers over the last year, in large part due to its subscriber based service. Leading the way, shares of the satellite radio juggernaut Sirius have more than doubled year-on-year, with investors impressed by the company's steady profit margins. The recent success of Sirius has steered investors further away from terrestrial radio broadcasters, whose revenues are garnered largely from advertising. The Bedford Report examines the outlook for companies in the Broadcasting-Radio Industry and provides research reports on Sirius XM Radio, Inc. (NASDAQ: SIRI) and Entercom Communications Corp. (NYSE: ETM). Access to the full company reports can be found at:

Sirius' Chief Executive Officer Mel Karmazin expects the company to grow its net new subscribers by 1.4 million in 2011. Sirius believes that the company will see more subscriber growth going forward as the auto industry continues to rebound. The company's CFO David Frear recently stated at a Bank of America Merrill Lynch Credit Conference that he expects over 70 million cars to have a satellite radio as soon as 2015.

Earlier this month Sirius reported a fourth quarter loss of $81.4 million, or 2 cents a share, from a year-earlier profit of $11.9 million, or breakeven on a per-share basis. The most recent quarter included $85.4 million in debt extinguishment losses.

The Bedford Report releases regular market updates on the Broadcasting -- Radio Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Sirius has been in talks with the FCC recently, arguing that the FCC should not extend a price freeze negotiated as part of the 2008 merger that formed the company. Sirius XM says it faces a lot more competition in the vehicle market than it did two years ago. The company mentioned HD Radio and iPhone/iPod connectivity to the dash as examples. Presently the cap is $12.95 per month.

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