XM U.S. nears 7 million subs; Canadian numbers Friday

WASHINGTON – U.S. satellite radio firm XM Satellite Radio announced that it added 398,000 new net subscribers during the second quarter of 2006 (ended June 30) to reach a total of more than 6.89 million subscribers. "As we previously indicated, subscriber growth in the second quarter was limited by product availability and overall softness in the retail channel," said Hugh Panero, president and CEO, XM Satellite Radio. "As we approach seven million subscribers, however, XM Satellite Radio remains one of the fastest growing consumer entertainment products." In Canada, Canadian Satellite Radio (XM Canada) is scheduled to announce its third quarter results,...