Satellite radio company Sirius said it gained 2.3 million subscribers in 2007, bringing its total subscriber number to over 8.3 million. That’s a gain of 38% in 2007, so it seems that satellite radio is 
definitely a major player. Recently, research firm Parks Associates forecasted that satellite radio subscribers will almost double from 20.5 million in 2008 to 39 million by 2012.
Meanwhile, the proposed merger between Sirius and XM is still being held up by the Justice Department and the FCC. The merger was announced back in February 2007, and so far it has been held up by regulator concerns. Shareholders have already approved the merger, but there has been opposition from the NAB, a lobbying organization for radio broadcasters. Yesterday, the FCC said that it will make its decision sometime this quarter.
Bonus: Check out a comparison between Sirius and XM here.
Technorati Tags: Sirius, XM Radio, satellite radio
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