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XM Satellite Radio Tops 6.5 Million Subscribers


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#1 of 2 Ronald Epstein

Ronald Epstein

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Posted April 04 2006 - 11:01 AM

XM Satellite Radio Tops 6.5 Million Subscribers

Press Release Source: XM Satellite Radio

XM Satellite Radio Tops 6.5 Million Subscribers
Monday April 3, 9:00 am ET

WASHINGTON, April 3 /PRNewswire-FirstCall/ -- XM Satellite Radio, the nation's leading satellite radio company, today announced that it added more than 568,000 net new subscribers during the first quarter of 2006 for a total of more than 6.5 million subscribers. XM is on track to reach nine million subscribers by the end of 2006.

(Logo: http://www.newscom.c...00724/XMSATLOGO )

"The first quarter represented another solid quarter of growth in XM subscribers, and is consistent with our goal of nine million subscribers by year end," said Hugh Panero, President and CEO, XM Satellite Radio. "More importantly, our subscriber growth was achieved economically, with a substantial reduction in the cost to acquire a new subscriber as compared to the fourth quarter of 2005."

Major initiatives of the second quarter include XM's exclusive satellite radio play-by-play coverage of Major League Baseball, with Opening Day games today and coverage of every MLB team throughout the season; the next generation of XM radios, including the world's first portable radios that combine live satellite radio reception and MP3 functionality; XM's comprehensive coverage of the FIFA World Cup soccer tournament in English and Spanish; and the premiere of Bob Dylan's XM Radio show.

Information about XM's new, groundbreaking radios is online at http://www.xmradio.com/xm2go. The broadcast schedule for Major League Baseball games on XM is online at http://mlb.xmradio.com, and information about World Cup Soccer broadcasts on XM is available at http://worldcup.xmradio.com.

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#2 of 2 Chris

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Posted April 05 2006 - 01:09 AM

For a different perspectivive:

http://msnbc.msn.com/id/12134395/

Quote:
That streak ends here. It took XM 13 weeks to tack on 500,000 more accounts, and it will clearly take more than a few weeks before it straddles seven million. The announcement also concedes that rival Sirius will have signed up more new subscribers for the second quarter in a row. XM wound up signing up nearly 600,000 new listeners for the March quarter, while Sirius had at least 700,000 net additions with nearly two weeks to go.

In the end, forget SIRIUS, the slow down in growth in XM is considerable, and it is something that is concerning for the future of XM.
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