XM Reaches 6.5 Million Sub Mark On Way To 9 Million
April 3, 2006 at 6:37 AM (PT)
XM SATELLITE RADIO breaks the 6.5 million subscriber mark with the addition of over 568.000 net subscribers in first quarter 2006. The company says it remains on track to reach 9 million subscribers by the end of 2006.
"The first quarter represented another solid quarter of growth in XM subscribers, and is consistent with our goal of nine million subscribers by year end," said Pres./CEO HUGH PANERO. "More importantly, our subscriber growth was achieved economically, with a substantial reduction in the cost to acquire a new subscriber as compared to the fourth quarter of 2005."