XM Canada projects 75,000 subs this year - a million by 2010

TORONTO - Canadian Satellite Radio said today that subscriptions are rolling in faster than anticipated. "To date, our subscriptions are running ahead of management expectations, but we maintain a position of providing prudent guidance to the market, potential investors and our shareholders," said John Bitove, the CEO of CSR and XM Canada. Bitove will say tomorrow at the Consumer Electronics Show in Las Vegas that XM Canada will end fiscal 2006 (August 31st) with 75,000 subscribers. CSR projects to achieve one million subscribers by August 31, 2010. The service launched in Canada on November 22, 2005. "We are excited to...