Sirius Hits Cash Flow Milestone

TSC Staff

Jan 3, 2007 7:44 AM EST

Sirius ( SIRI) rose 5% in early trading Wednesday, buoyed by news of its first quarter of positive free cash flow.

The New York-based satellite radio broadcaster said it ended 2006 with just over 6 million subscribers. That's in line with the reduced guidance the company offered back on Dec. 4 , when Sirius trimmed its year-end user target to around 6 million from the previous 6.2 million-subscriber forecast.

Shares rose 18 cents early Wednesday to $3.72.

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Sirius Hits Cash Flow Milestone

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