XM Satellite Radio Tops 6.5 Million Subscribers

Discussion in 'Mobile Phones / Entertainment' started by Ronald Epstein, Apr 4, 2006.

  1. Ronald Epstein

    Ronald Epstein Founder

    Jul 3, 1997
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    Ronald Epstein
    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.com/cgi-bin/prnh/20000724/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.
  2. Chris

    Chris Lead Actor

    Jul 4, 1997
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    For a different perspectivive:


    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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