WASHINGTON — XM Satellite Radio recently announced it added more than 640,000 new net subscribers during the second quarter of 2005 for a total of more than 4.4 million.
This subscriber gain represents a 53% increase in new net subscribers compared to the second quarter of 2004, when XM recorded 418,000 new net subscribers. Additionally, the 640,000 net subscriber gain represents an 18% increase over the first quarter of 2005 when XM recorded 540,000 new net subscribers.
"This was the best second quarter in the history of XM. The momentum behind XM’s subscriber growth is undeniable. In just one year, XM has more than doubled its subscriber base from 2.1 million in the second quarter of 2004 to over 4.4 million subscribers today," said Hugh Panero, president and CEO of XM Satellite Radio.
"Millions of consumers are choosing XM because of our outstanding programming, including unprecedented coverage of Major League Baseball and the most commercial-free music in satellite radio, as well as strong support from our automotive partners and breakthrough products like our line of XM2go portable, hand-held radios."
Broadcasting live daily from studios in Washington, DC, New York City and Nashville at the Country Music Hall of Fame, XM’s 2005 lineup includes more than 150 digital channels of choice from coast to coast: 67 commercial-free music channels, featuring hip hop to opera, classical to country, bluegrass to blues; 64 channels of premier sports, talk, comedy, children’s and entertainment programming; and 21 channels of the most advanced traffic and weather information for major metropolitan areas nationwide.
Canadian Satellite Radio, a partnership with XM, recently received a license from the CRTC to launch here in Canada, a move which is expected in the fall.
