Sirius XM Radio Inc.

Sirius XM Radio Inc. (Sirius XM) is principally a provider of a satellite radio service in the US. The company offers a programming lineup of 135 channels to its subscribers, which include 54 channels of news, sports, talk, entertainment, and weather and 63 channels of commercial-free music. It offers the entertainment and other informative channels for a subscription fee through its proprietary satellite radio systems namely, the SIRIUS system and the XM system. Further, the company provides music services for the commercial establishments, music and comedy channels to mobile phone users and as well as data services and internet video services Sirius XM Radio Inc. was formed as a result of the merger between Sirius Satellite Radio and XM Satellite Radio, which took place in July, 2008. Sirius XM is headquartered in New York, the US.

In the year 2009, Sirius XM has signed an agreement with Liberty Media Corporation, to invest USD 530 million in the SIRIUS XM and its subsidiariesThe company reported revenues of (U.S. Dollars) USD 1,663.99 million during the fiscal year ended December 2008, an increase of 80.46% over 2007. The operating loss of the company was USD 5,134.95 million during the fiscal year 2008, as compared to an operating loss of USD 513.09 million during 2007. The net loss of the company was USD 5,313.29 million during the fiscal year 2008, as compared to a net loss of USD 565.25 million during 2007.