SIRIUS XM Radio Inc.
) and Relevant Sports have declared an agreement which will allow
the former to broadcast live soccer matches through its SiriusXM
FC, channel 94.
SIRIUS XM listeners will get live updates of a series of
soccer matches organized by Relevant Sports that will have some
of the top European club soccer teams in action. Additionally,
SiriusXM FC subscribers will be able to enjoy the international
match between the world champion, Spain and Ireland at Yankee
stadium on June 11.
The inaugural Guinness International Champions Cup is an
exhibition soccer tournament that will bring European giants like
Real Madrid, Inter Milan, Juventus in action across various
cities of the U.S. Local giant, LA Galaxy has also confirmed its
participation in the tournament. The tournament expects to
showcase the talent of some of the most popular players in the
Of late, the U.S. has seen increasing popularity of soccer
post the signing of various high profile players by Major League
Soccer (MLS) teams. This has also improved the standard of the
Recently, SIRIUS XM declared mixed financial results for the
first quarter of 2013. The company's bottom line was in line with
the Zacks Consensus Estimate, while the top line failed to meet
the same. During the quarter, Sirius XM added 452,890 subscribers
reporting an annualized growth of 11.9%.
We believe that gaining the radio broadcast right puts SIRIUS
in a winning position as the growing interest of soccer in the
U.S. will allow it to add soccer crazy fans to its already
impressive subscriber base.
Other Stocks to Consider
SIRIUS XM currently carries a Zacks Rank #3 (Hold). Other
major entertainment broadcasters include
Fisher Communications Inc.
CTC Media Inc.
Entravision Communications Corp.
). Fisher and CTC carry a Zacks Rank #1 (Strong Buy) while
Entravision carries a Zacks Rank #2 (Buy).
CTC MEDIA INC (CTCM): Free Stock Analysis
ENTRAVISION COM (EVC): Free Stock Analysis
FISHER COMM INC (FSCI): Free Stock Analysis
SIRIUS XM RADIO (SIRI): Free Stock Analysis
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