How Investors Are Reacting To Sirius XM Holdings (SIRI) Berkshire Backing And Cost Cuts Amid Subscriber Declines
Sirius XM recently renewed Howard Stern’s contract through 2028, continued cutting costs, and outlined a US$1.50 billion free cash flow target by 2027 while experimenting with lower-cost, ad-supported plans amid subscriber declines. An important angle is Berkshire Hathaway’s decision to modestly increase its Sirius XM stake, signaling ongoing institutional backing as the company reshapes its content … Read more
