Tuesday, November 23, 2004

The Stern Effect?

NEW YORK (Reuters) - Sirius Satellite Radio Inc. on Tuesday said it has passed the 800,000 subscriber mark and is on track to have 1 million subscribers by the end of the year.

Its shares rose 76 cents or 13 percent to a 33 month high of $6.74 in morning trading on Nasdaq. The stock has nearly doubled since the company on Oct. 6 said it would add controversial radio host Howard Stern to its service in 2006.

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