DAILY NEWS Mar 24, 2008 5:07 PM - 0 comments

XM Canada Responds to Approval of XM Satellite/Sirius Satellite Merger

TEXT SIZE bigger text smaller text
XM Canada today announced that the recent U.S. Department of Justice approval of the merger between U.S. companies XM Satellite Radio Inc. and Sirius Satellite Radio Inc., will have
no immediate impact on XM Canada's service offering to subscribers.

"We have a strong business model in Canada and are committed to an aggressive growth strategy aimed at increasing our subscriber base and
delivering outstanding programming right across the country," said Michael Moskowitz, President and CEO of XM Canada. "We are excited about XM Canada's prospects as 60 per cent of all new vehicles made by Canada's automotive
manufacturers are equipped with XM satellite radios, we now have exclusive NHL satellite radio broadcast rights and we now have 400,000 subscribers. We will diligently review any opportunity that arises from this decision and evaluate the impact on our economic positioning and the benefit derived for our customers and shareholders."

XM Canada will provide further comment when there are new developments from the U.S. Federal Communications Commission or the U.S. Department of Justice. XM Canada has an exclusive Canadian license from U.S.-based XM Satellite Radio Inc., the worldwide leader in satellite radio.
Horizontal ruler
Horizontal Ruler

Post A Comment

Disclaimer
Note: By submitting your comments you acknowledge that BroadCaster Magazine has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *



* mandatory fields