|By Marketwired .||
|November 9, 2012 08:05 AM EST||
NEW YORK, NY -- (Marketwire) -- 11/09/12 -- For the radio broadcasters industry, which includes such companies as SIRIUS XM Radio Inc. and Cumulus Media Inc., the third quarter seems to have been mixed, as industry players succeed in growing revenues but net income growth posed a challenge. The ongoing macroeconomic malaise and reduced use of trade advertising on many stations constituted headwinds for the industry as a whole. However, companies also faced their own individual trials. Get your free reports on SIRIUS XM Radio Inc. and Cumulus Media Inc. at http://www.ShinesRooms.com/index.php?_controller=RegisterMember&_method=index.
www.ShinesRooms.com has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Broadcasting - Radio industry and are offering free research on SIRIUS XM Radio Inc. (NASDAQ: SIRI) and Cumulus Media Inc. (NASDAQ: CMLS). Simply click on the link below to access these research reports.
For 3Q 2012, SIRIUS put forth GAAP net income of 1 cent per share, compared to last year's 2 cents per share. During the quarter, revenues reached a record high of $867.4 million, up 14 percent year-over-year as rising auto sales and strong management execution improved results. The company also raised its financial outlook for the end of 2012 as it expects growth momentum to continue. SIRIUS XM Radio Inc. report is accessible for free by registering at
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Elsewhere in the industry, Cumulus Media's revenue increased by 120 percent during the 3rd quarter, as the addition of stations from its deals with Townsquare Media and Citadel helped boost revenues to $275.35 million. The company also benefited from a $4.6 million boost from political ad dollars. However, net income of $56.05 million represented a decline from $59.54 million a year ago. Cumulus Media Inc. report is accessible for free at
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Michael Thomas Smith
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