http://www.valuewalk.com/2013/12/sirius-xm-holdings-inc-siri-not-worried-about-pandora/ Sirius XM Holdings Inc (NASDAQ:SIRI) CEO Jim Meyer told CNBCâ€™s Squawk Box yesterday that he really isnâ€™t all that concerned about Pandora Media Inc (NYSE) as a threat to Sirius XM, heâ€™s a lot more concerned with free radio. â€œThe competition for me has always been freeâ€ radio, he said. â€œWeâ€™re not interested in customers who donâ€™t want to pay.â€ Pandoraâ€™s advertising-based model not a threat to Sirius XM Meyer explained that he really doesnâ€™t see Pandora as a long-term threat to Sirius XM. He argues that the business model of Internet streaming music service Pandora Media Inc (NYSE) requires advertising. â€œThat plays to our strength,â€ he added, â€œbecause our music stations will remain commercial free forever.â€ Sirius XM Holdings Inc (NASDAQ:SIRI) currently has around 25.1 million subscribers, compared to 6 million Spotify customers and slightly more than 2.5 million paying subscribers for new-kid-on-the-block Pandora. Terrestrial radio the â€œgorilla in the roomâ€ Meyer emphasized that terrestrial radio is still clearly â€œthe biggest gorilla in the room,â€ bringing in around $15 billion a year in revenue, compared with Sirius XM Holdings Inc (NASDAQ:SIRI)â€™s anticipated $4 billion in sales in 2014. He also emphasized the growing revenue stream related to their successful relationship with the auto industry. â€œWeâ€™re in 70 percent of all new cars built,â€ Meyer said. â€œAt the end of the third quarter, we have 57 million [vehicles] out there that have our technology incorporated. And about mid-30s of that are not active.â€ Meyer also pointed out that used car sales are beginning to add up to Sirius XM converts. He commented that as subscribers start to sell their cars, â€œWeâ€™re now getting two bites at the apple.â€ The value of Howard Stern Not surprisingly, the subject of Howard Stern came up in Tuesdayâ€™s Squawk Box interview. Meyer had nothing but praise for the always controversial Stern. â€œHoward is more relevant than ever,â€ Meyer said, and then mentioned Sternâ€™s second job judging on Americaâ€™s Got Talent has helped to broaden his public appeal.