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From the Wall Street Journal.
Move is slated to happen in 2006.
Stern will be paid both in cash and stock; additional stock payouts to be
made if subscriber targets met
Sirius cautioned that not reaching subscriber targets could have material
negative effects on its financial performance.
Upside for Sirius is an increased cut of advertising revenues if
subscriber targets are met.
As of 6/30/04 Sirius had 480,341 subscribers -- up 37% from the 3/31/04
level.
Richard Cuff / Allentown, PA USA
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