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Originally Posted by tranza
They do have over 600,000 subscribers you know....
At $12.95/month minimum that's over US$8 millions a month....
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Ooops... Make that over 6 MILLION subscribers and over US$80 Millions per month.
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Originally Posted by CNN
Sirius had roughly 600,000 subscribers when it signed Stern in 2004 for a contract valued at $500 million over five years.
At the time, analysts had forecast the company would grow to about 3.5 million subscribers by the end of 2006.
Sirius and Stern agreed to an added bonus in the event that the number of subscribers exceeded that forecast by more than 2 million.
Last week, the company reported that it ended 2006 with more than 6 million subscribers, at the middle of a forecast range made in December, triggering the bonus payment of about 22.1 million shares. Sirius closed at $3.76 on Tuesday.
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