So, about those 2020 full-year estimates from media companies? Yeah … you may want to toss those aside for now.
Many publicly traded companies have withdrawn, or are in the process of withdrawing, their visibility forecasts due to the severe economic impact the novel coronavirus pandemic having across all sectors.
In the case of Sirius XM, however, an esteemed Wall Street analyst reviewed just where the satellite radio company and home to Howard Stern stands today and perhaps in the near future.
His call? Things will be down, but not so bad. The report comes as Stern announced Tuesday morning on his show that six weeks of free access — via streaming.