NEW YORK (Reuters) - Holiday sales of Sirius XM Radio's satellite radio players are so far matching expectations, helped in part by an advertising blitz featuring footage of Elvis Presley and Michael Jordan. Sirius XM Chief Executive Mel Karmazin told Reuters that early retail store checks indicated that sales "were very much on target to what we anticipated" since the ...

Sirius XM Radio Inc., the satellite radio provider that was on the brink of bankruptcy nine months ago, on Thursday reported a much improved third quarter as it signed up more subscribers and paid down debt. Sirius has been battered by the downturn in the auto industry as plunging ...

LOS ANGELES (Reuters) - Sirius XM Satellite Radio Incon Wednesday said it extended the term of Chief Executive Mel Karmazin's employment contract, set to expire in November, through December 31, 2012, and raised his salary. In a filing with the Securities and Exchange Commission, Sirius XM said it amended the employment agreement to increase his base salary from $1.25 ...

The slump in the U.S. auto industry helped send Sirius XM Radio Inc. to a loss of $236.6 million in the first quarter and its first-ever quarterly decline in net subscriber additions. But the satellite radio company, whose personalities include shock jock Howard Stern, also said it ...