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Viacom and Sirius

Defamer says that Viacom might buy Sirius to get Howard Stern back.

I have a hard time seeing how that would happen. Viacom's worth $60bn. It has almost $30bn in revenues and almost $5bn of EBITDA. Sirius, as valuable as it is with Stern in the fold, is trading at $4.6bn, on revenues of $30mm and EBITDA losses of ($386mm).

Those numbers don't spell acquisition to me.

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Posted October 13, 2004 in Venture Capital and Technology

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