SIRIUS XM Radio Inc. plans to make acquisitions. Talking to Fox News, CEO of the company, Mel Karmazin said: "Good content costs a lot of money. After paying [on-air talent], and interest, and all our other expenses we will be generating free cash flow next year. Free cash flow creates wealth, and enables us to make acquisitions, buy back stock, and pay down debt."

SIRIUS XM Radio Inc. announced that Gary Parsons has resigned as a director and Chairman of the company's Board of Directors. The company's Board of Directors has appointed Eddy W. Hartenstein, an independent director, to serve as non-executive Chairman. Parsons was founder of XM Satellite Radio and was the Chairman of XM Satellite Radio, prior to the merger of SIRIUS and XM. Eddy W. Hartenstein has been a director of SIRIUS XM since July 2008. From May 2005 until the closing of the merger with XM in July 2008, Mr. Hartenstein served as a director of XM Satellite Radio Holdings Inc. In August 2008, Mr. Hartenstein was named Publisher and CEO of the Los Angeles Times and continues in that capacity. Mr. Hartenstein was the Vice Chairman and a member of the board of directors of The DIRECTV Group, Inc. from December 2003 until his retirement in December 2004.

SIRIUS XM Radio Inc. announced unaudited consolidated earnings results for the third quarter and nine months September 30, 2009. For the quarter, on pro forma basis the company reported total revenue of $629,607,000 compared to $612,776,000 for the same period last year. Income from operations was $36,790,000 compared to loss from operation of $138,201,000 for the same period last year. Loss before income taxes was $180,820,000 compared to $215,287,000 for the same period last year. Net loss was $181,935,000 compared to $217,010,000 for the same period last year. On actual basis, the company reported total revenue of $618,656,000 compared to $488,443,000 for the same period last year. Income from operations was $66,355,000 compared to loss from operation of $4,826,977,000 for the same period last year. Loss before income taxes was $148,075,000 compared to $4,878,212,000 for the same period last year. Net loss attributable to common stockholders was $149,190,000 or $0.04 basic and diluted per share compared to $217,010,000 or $1.93 basic and diluted per share for the same period last year. Adjusted income from operations was $106,140,000 compared to adjusted loss from operations of $36,851,000 for the same period last year. Increase in revenue was primarily driven by an increase in subscriber revenue resulting primarily from a 2% growth in weighted average subscribers over the period as well as revenues from the sale of 'Best of' programming, rate increases to the company's multi-subscription and Internet packages, and the U.S. Music Royalty Fee introduced in the quarter ended September 30, 2009. For the nine months, on pro forma basis the company reported total revenue of $1,842,924,000 compared to $1,792,632,000 for the same period last year. Income from operations was $100,134,000 compared to loss from operation of $471,277,000 for the same period last year. Loss before income taxes was $412,746,000 compared to $650,054,000 for the same period last year. Net loss was $416,090,000 compared to $653,867,000 for the same period last year. On actual basis, the company reported total revenue of $1,796,464,000 compared to $1,041,809,000 for the same period last year. Income from operations was $144,652,000 compared to loss from operation of $4,983,650,000 for the same period last year. Loss before income taxes was $353,613,000 compared to $5,065,143,000 for the same period last year. Net loss attributable to common stockholders was $543,145,000 or $0.15 basic and diluted per share compared to $5,067,444,000 or $2.76 basic and diluted per share for the same period last year. Adjusted income from operations was $347,198,000 compared to adjusted loss from operations of $168,096,000 for the same period last year. The company affirmed its year 2009 guidance of over $400 million in pro forma full-year adjusted income from operations. The company also provided guidance for 2010. The company expects the company's cash flow growth momentum to continue into 2010, and the company projects full-year adjusted income from operations to increase approximately 20% next year. Based upon assumed 2010 automobile sales of 11.3 million units the company expects to achieve positive full-year subscriber growth in 2010. The company also expects 2010 revenue growth of mid-to high-single digits, and growth in free cash flow compared to 2009.