Canadian Satellite Radio reports 44,000 paying subscribers to XM service

Canadian Press

13:29:32 EST Mar 6, 2006

http://www.cbc.ca/cp/business/060306/b030656.html


TORONTO (CP) - XM Canada operator Canadian Satellite Radio Holdings Inc. 
said Monday it has attracted about 44,000 paying customers since its launch 
in late November.

CSR, distributing the XM satellite service in Canada, said Monday it now 
has a total of more than 50,000 "self-paying and trial subscribers."

The company, controlled by John Bitove, CEO of KFC and Pizza Hut franchise 
operator Priszm Canadian Income Fund, said it "is on target to reach its 
subscriber guidance of 75,000 by the end of August and continues to expect 
one million subscribers by August 2010."

It said subscriber growth so far is driven by retail radio hardware sales, 
while arrangements with GM Canada and Subaru Canada to install XM radios in 
their vehicles have yet to contribute paying subscribers.

The service provides about 80 commercial-free channels for a monthly 
subscription fee of $12.99.


================================
George Antunes, Political Science Dept
University of Houston; Houston, TX 77204
Voice: 713-743-3923  Fax: 713-743-3927
antunes at uh dot edu



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