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Sirius XM Keeps Stern, Avoids Static

Keeping Howard Stern removed one of the big question marks facing Sirius XM. The company, which has weathered a difficult two years of financial uncertainty, needed to keep the controversial talker to signal to the financial community that its momentum is continuing.

Wall Street drove up the company's stock about 20% Thursday, after Stern announced on his morning show that he would stay through 2015. The stock price has more than doubled this year as the company's finances have improved and closed Monday at $1.38. Another milestone Monday: The company passed 20 million subscribers.

Read the whole story at Los Angeles Times »

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