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XM Satellite Radio expects, growth and declines, has no interest in nappy headed hoeist Don Imus

Published: Monday, November 26, 2007

-YOSH

With a merger with rival Sirius all but done (allegedly) XM Satellite Radio in the meantime expects some good and not so good things. The company said it expects retail subscriber growth to resume in the fourth quarter, but declines may occur again in the first or second quarter of 2008. Yeah we know we get confused sometimes too, but basically what it means is that, like every other business, shit is really unpredictable. We're sure Sirius boss Mel Karmazin who is expected to run the combined companies is watching XM's numbers very closely.

XM, which lost a net 17,000 retail customers in the third quarter, now relies almost entirely on car buyers for growth, and Parsons said auto-related sales will be strong even if the most pessimistic car sales projections for this year come true.

"From our standpoint, we see a pretty solid projectable growth trajectory coming from the new car marketplace. Clearly, we want them to be successful, and we will do better in a boom time than in a depressed time ...," Parsons told the Reuters Media Summit in New York.

XM expects Q4 retail subscriber growth [Reuters]
Related: XM says no interest in Imus, new high-cost acts

Labels: EARNINGS, MelKarmazin, Mergers, SatelliteRadio, Sirius, XM

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