SiriusXM grew out of an innovative idea that took years to make a reality: radio broadcast nationwide by satellite rather than the old terrestrial system. Formed by the 2008 merger of rivals Sirius and XM, the company today has 32 million subscribers, many of whom it acquires through sales of Sirius-enabled cars. [f500link]Liberty Media[/f500link] has held a controlling stake in Sirius since 2009. This year the company’s stock is up nearly 30% and recently traded at an 11-year high after Sirius posted strong second-quarter results. In September, Sirius completed a $480 million investment in struggling digital-radio company Pandora.
James E. Meyer
New York, N.Y.
|Revenues ($M) (Past 12 Months)||$5,222|
|Profits ($M) (Past 12 Months)||$808|
|Market Value as of Oct. 9, 2017 ($M)||$26,386|