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SiriusXM Bullish on Future

SATELLITE OF PROFITS: With John Malone's Liberty Media now holding a majority interest, SiriusXM’s Q4 revenue from last year rose 14% to $892 million, with net income doubling to $156 million and adjusted EBITDA up 38% to $230 million. Net subscriber additions increased 41% to about 529,000, with self-pay monthly churn at 1.8%, a slight improvement from 2011's 1.9%.  CEO Jim Meyer said, "We are confident in our guidance for growth in 2013 and continue to be sharply focused on enhancing shareholder value. We continue to broaden our Internet capabilities to expand the user experience and strengthen our in-vehicle technologies.” Hey, who cares as long as they have Howard Stern for three more years. (2/5p)

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