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Slowing Auto Market Stalls Satellite Radio's Momentum

NEW YORK, NY--(Marketwire - 06/03/11) - Satellite and Conventional radio broadcasters are facing headwinds this spring due greater competition in the car market, and the possibility of an NFL lockout. In addition, new car sales have shown signs of slowing in recent months, limiting the expansion of satellite radio. The Bedford Report examines the outlook for companies in the Radio Broadcasting Industry and provides investment research on Sirius XM Radio, Inc. (NASDAQ:SIRI - News) and Entercom Communications Corporation (NYSE:ETM - News). Access to the full company reports can be found at:www.bedfordreport.com/2011-06-STOCK-RESEARCH-ON-SIRIwww.bedfordreport.com/2011-06-STOCK-RESEARCH-ON-ETMAutodata Corporation recently reported that 1.1 million vehicles were sold last month, 3.7% less than a year earlier and 8.3% less than in April. Rising car prices, a gas price spike and inventory shortages combined to slow auto sales, said Jeff Schuster, an analyst at J.D. Power & Associates.Sirius XM is relying on an auto industry rebound to boost subscriber growth. Sirius added 373,064 new subscribers during the first quarter, ending the period with a new high of 20.6 million customers.The Bedford Report releases stock reports on the Radio Broadcasting Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.On the non-satellite side of the industry, the pending NFL lockout is still a cause for concern. Broadcasters like Entercom Communications Corp whose subsidiary stations carry some NFL games could see revenues dented if the lockout continues and cancels the 2011-2012 season.During the most recent quarter Entercom reported revenues of $82.5 billion -- up two percent year-on-year.The Bedford Report provides Investment Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer