Walt Mossberg – For iPad and Mobile Devices, a “Port” out of the Norm
Sirius Satellite Radio (SIRI) provided 2009 financial guidance for the company that assumes the company completes its pending merger with XM Sirius Radio (XMSR).
Sirius said total synergies, net of costs, in 2009 should be about $400 million. Adjusted EBITDA for the company is expected to be about $300 million. The combined company is expected to be free cash-flow positive before satellite cap ex for the full year 2009.
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