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XM Satellite Radio Celebrates 1 Million Customers Today
Washington - Nov 05, 2003 XM Satellite Radio said Monday marked the one millionth customer to signup for the satellite radio service. XM, which delivers 101 digital radio channels of music, sports, news, and entertainment from coast to coast, recently surpassed 1 million customers in less than two years since its national debut on November 12, 2001. XM reached this milestone faster than cable television, CD players, MP3 players, local radio, satellite TV, digital video recorders, VCRs, or online subscription services. "XM Radio launched nationally less than 24 months ago, and despite a terrorist attack, a Wall Street meltdown, and other challenges along the way, we have emerged as the satellite radio leader and one of the fastest growing entertainment media in history," said Hugh Panero, XM President and CEO. "XM is increasingly being accepted in the hearts, headphones, living rooms and dashboards of America as an essential news and entertainment component of one's daily routine." As part of the day's festivities, XM is spotlighting its "Honorary Millionth Subscribers." These XM fans took part in a contest called "XM Xperience," in which listeners were invited to call in and describe why they love the XM service. "XM Experience" received over 18,000 calls from listeners across the country, and approximately 30 have been selected to be part of a special video presentation. "Honorary Million Subscribers" will be on hand to receive XM service for life and Delphi XM SKYFi boomboxes. Many of the national talk-radio hosts that appear on XM Radio are also broadcasting live from the XM studios throughout the day, including Sam Donaldson on ABC News & Talk (XM Channel 124), Tony Kornheiser on ESPN Radio (XM Channel 140), Bill Mack and Dave Nemo on the truck drivers' channel Open Road (XM Channel 171) and Joe Madison and Bernie McCain on the only nationwide African American talk-radio channel The Power (XM Channel 169). NASCAR driver Scott Riggs -- currently the number-one driver in NASCAR's Busch Series -- will appear live in-studio on XM's exclusive NASCAR channel (XM Channel 144) and will guest DJ on the hard-alternative-rock channel, Squizz (XM Channel 48). C-Span will broadcast its acclaimed morning program "Washington Journal" live from XM. The program will air on C-Span TV and C-Span Radio (XM Channel 132). Members of the press and other invited guests will tour the XM studios, see high-tech displays of the latest XM products, and check out the newest 2004 vehicles with XM on board. Community Email This Article Comment On This Article Related Links XM Radio SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
XM Adds Another $25 Million To $475 Million Funding Package
Washington - Jan 20, 2003XM Satellite Radio said Friday that it had increased its financing commitments to $475 million with an additional $25 million commitment from investors spearheaded by Everest Capital Limited in the Company's proposed 10 percent Senior Secured Convertible Discount Notes due 2009. |
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