The agreement will also add both FOX channels to the Sirius XM Internet Radio lineup for the first time. The agreement between FOX and Sirius XM will also include adding FOX News Talk -- offering "news, analysis, listener call-ins, and commentary from popular FOX News personalities" -- to the SiriusXM Internet Radio service.
Sirius XM CEO Jim Meyer said in a statement that the Internet radio company was " very happy to be the exclusive audio provider of FOX News and FOX Business Network, and to be able to bring them to our subscribers, on satellite and for the first time through our streaming platform via our App and online, for many years to come."
Since the start of 2013, Sirius XM has seen its stock go up from $2.89 per share to $3.58, a 24% increase. Additionally, since 2008 the Internet radio company has seen its annual revenue increase from $1.6 billion to $3.4 billion.
Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.