This Week in Sirius XM Radio
Things never get dull for the country's lone satellite-radio provider. Shares of Sirius XM Radio moved higher on the week, inching up 1.5% to close at $3.39. The move was slightly better than the Nasdaq's 1.3% dip.
There was more going on beyond the share-price gyrations, though. It teamed up with Ford to offer longer trials of its premium non-radio offerings. Sirius XM also joined forces with Howard Stern to make a video of this year's birthday bash available to the public. On the streaming front, Pandora received a kind analyst note and iHeartRadio hit a milestone.
Let's take a closer look.
Ford is giving Sirius XM's push to grow beyond satellite radio a big boost, offering five-year subscriptions to SiriusXM Traffic and SiriusXM Travel Link to select vehicles starting with 2015 models that are equipped for navigation.
Traffic, fuel prices, weather, and even movie listings will be available during the five-year subscription. It's a pretty big deal, as it locks in drivers for a long time while also educating the market on the services.
Howard Stern's Birthday Bash was a star-studded four-hour event that was broadcast live on Sirius earlier this year. Now, an uncensored video of the event is being made available at SiriusXM.com. Fans of Stern won't have to dig deep into their pocketbooks to check it out. Sirius XM is making it available for free starting on Monday through next month.
It may not necessarily be a big draw now that the event is over, but you can't blame the media giant for trying to milk more value out of the broadcast. This should help promote satellite radio.
Pandora was on the receiving end of some kind words by B. Riley, suggesting that the Internet radio leader's new native ad unit is tracking well in terms of usage by active listeners and pricing. B. Riley feels that the new monetization push will help Pandora's financial performance if it is expanded.
In other streaming news, Clear Channel's iHeartRadio recently announced that it had crossed the milestone of 50 million registered users last month. It also had 97 million visitors in May. Clear Channel's CEO said in an interview that iHeartRadio is already generating hundreds of millions in revenue, but investors will probably want a little more light on that juicy revelation.
Satellite radio is never boring.
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The article This Week in Sirius XM Radio originally appeared on Fool.com.Rick Munarriz owns shares of Ford. The Motley Fool recommends Ford, Pandora Media, and Tesla Motors and owns shares of Ford, Pandora Media, Sirius XM Radio, and Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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