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XM Canada Hikes Price
July 17, 2006 at 12:48 PM (PT)
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XM CANADA has raised its monthly subscription fee from C$12.95 to C$14.95, matching SIRIUS CANADA's price. The move comes as XM parent CANADIAN SATELLITE RADIO HOLDINGS announced a loss of C$20.4 million (43 cents'share) on revenues of C$2.34 million for fiscal third quarter, but the company said the price hike was unrelated to the financial report. The quarterly loss was less than for second quarter (C$44 million, C$1.05/share), and revenues were up from second quarter ($1.14 million).

