Sirius XM Asks The FCC To Free It To Raise Subscription Rates
January 25, 2011 at 4:18 AM (PT)
In a JANUARY 20th filing with the FCC, SIRIUS XM RADIO asked the commission not to extend a price freeze that was negotiated as part of the 2008 merger between then seperate entities SIRIUS SATELLITE RADIO and XM SATELLITE RADIO.
If the FCC agreed, it would allow SIRIUS XM to raise its basic monthly subscription price from the current $12.95, although the filing didn't specify a rate hike was planned.
BLOOMBERG reports, "SIRIUS said it faces a 'robustly competitive' market with consumers able to choose terrestrial radio and Internet music services such as PANDORA and RHAPSODY, while carmakers including TOYOTA MOTOR CORP. and FORD MOTOR CO. offer ways to access Web- based entertainment in their cars."
FCC spokesperson JANICE WISE told BLOOMBERG the agency is reviewing the request.