Jonathan Jacoby
Jonathan Jacoby
estimate million reach requires
To reach break-even on Stern, we estimate Sirius requires 2.4 million incremental subscriptions.
continue indicate larger markets results smaller
The results indicate to us that larger markets continue to outperform smaller markets.
believe choosing due joining people radio satellite simply single
We believe people are choosing satellite radio due to its differentiation from terrestrial radio and are not joining simply because of a single programming option.
believe business buyers cbs certain constrain large networks number ownership possible rules sell separately station tv
Station ownership rules could constrain certain buyers like CBS and NWS, which own a large number of TV stations. However, we believe it's possible that UVN could spin-off or sell the TV station business separately from the networks or the conglomerates.