For Sirius XM, Is There Life After Howard Stern?
For Sirius XM, Is There Life After Howard Stern? – Latest News Today
The latest earnings report from satellite radio monopoly Sirius XM (NASDAQ: SIRI) had to please its shareholders, especially given that it delivered record revenue for the period. But as it continues its integration of Pandora, which it acquired last year, there remain some questions, particularly about what is in store for the company in the post-Howard Stern era. (The iconic shock jock’s contract includes only a couple more years of him as a on-air personality.)
In this segment of the MarketFoolery podcast, host Mac Greer, Motley Fool Chief Investment Officer Andy Cross, and senior analyst Jason Moser drill into the business to consider the size of its audience, the levers it can pull with Pandora to increase its revenues, the commoditization of the music industry, and the breadth of Sirius’s non-music offerings. They also discuss the value of its deep pool of data about its customers’ preferences, and the long range brilliance of bringing the King of All Media on board, as reflected in its 10-year stock chart.
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