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Sirius Satellite Radio Cuts Outlook for New Subscriber Additions

By Reuters
Published | Updated

SAN FRANCISCO – Sirius Satellite Radio (SIRI) said on Monday that retail sales since the Thanksgiving weekend have been less than it expected and it now sees 5.9 million to 6.1 million subscribers by year's end.

"This year's retail sales results since the Thanksgiving weekend have not been at the pace we had anticipated," Sirius Chief Executive Mel Karmazin said in a statement.