Sirius XM Radio Inc (NASDAQ:SIRI) Teaming Up with Comedy Central to Launch a New Channel - P, ROIAK, SBSA

Pompano Beach, FL -- (SBWIRE) -- 01/24/2013 -- Sirius XM Radio Inc (NASDAQ:SIRI) and Comedy Central are joining hands to create a latest channel on the satellite radio service dedicated to displaying the television network’s stable of solo comics.

The firms stated that they are hoping to create the channel this spring, rather around April Fools’ Day. Sirius previously has eight channels devoted to comedy, counting Laugh USA, Blue Collar Comedy, Raw Dog Comedy and Jamie Foxx’s Foxxhole.

How Should Investors Trade SIRI Now? Don’t Miss out a Special Trend Analysis

For Comedy Central, the radio channel is segment of the firm’s attempt to spread its brand outside of television.

Mitch Fried, executive vice president of enterprises at Comedy Central stated that the network provides package concert tours with comedians and frequently sponsors shows at noticeable comedy clubs.

At the current trading session, Sirius XM Radio Inc (NASDAQ:SIRI) shares are down -0.32% to $3.11 while the stocks are trading within the range of $1.78 – $3.19. In the past year, the stock has traded within a range of $1.78 – $3.19. Average daily trading volume is 63.14 million shares.

Why Should Investors Buy SIRI After the Recent Fall? Just Go Here and Find Out

If we look at a few other stocks within industry, Pandora Media Inc, Radio One, Inc. and Spanish Broadcasting System, Inc. are in the top volume leaders. Let’s have a quick look on their Market performance.

Pandora Media Inc (NYSE:P) shares are up +3.56% to $11.33 while the stock is trading within the range of $10.94 – $11.34 in the current trading session. In the last 12 months the shares have traded between $7.08 and $15.25. The average daily trading volume is 4.78 million shares.

For How Long Pandora Media will Fight for Profitability? Read This Trend Analysis report

Radio One, Inc. (NASDAQ:ROIAK) shares in the current session moved down -1.59% reaching $1.24. The stocks are trading in a range of $1.22 – $1.26. In the last year the stock has moved within a range of $0.68 – $1.32. The Company’s average daily trading volume is 133,466 shares.

Has ROIAK Found The Bottom And Ready To Gain Momentum? Find Out Here

Another rival company, Spanish Broadcasting System, Inc. (NASDAQ:SBSA), is trading down -2.35% to $2.91. Intraday trading recorded the stock price in a range of $2.85 to $2.98. In the previous 52 weeks the stock’s price ranged between $2.02 and $7.50. Their average daily trading volume is 16,350 shares.

Will SBSA Get Buyers Even After The Recent Rally? Find Out Here

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