XM Satellite Radio Holdings, Inc. | Introduction
Introduction
1500 Eckington Place NE
Washington, D.C. 20002-2194
U.S.A.
Telephone: (202) 380-4000
Toll Free: (866) 962-2557
Fax: (202) 380-4500
Web site: http://www.xmradio.com
Public Company
Incorporated: 1992 as American Mobile Radio Corporation
Employees: 500
Sales: $244.4 million (2004)
Stock Exchanges: NASDAQ
Ticker Symbol: XMSR
NAIC: 515112 Radio Stations; 517410 Satellite Telecommunications
XM Satellite Radio Holdings, Inc. broadcasts more than 120 channels of digital radio via satellite to subscribers throughout the United States. The company's programming includes nearly 70 channels of commercial-free music and more than 50 of news, sports, and talk. Its offerings range from broadcasts of Major League Baseball and NASCAR events to channels featuring content from CNN, Playboy, MTV, ABC News, Disney, Sesame Street, and Discovery. XM's's broadcasts are beamed from two satellites to more than three million subscribers who pay a monthly fee of $9.95. Automakers including General Motors, Honda, and Toyota offer XM-ready radios as options, and the company has gained half of its subscribers through installations in vehicles. Others listen via XM-ready boomboxes or personal stereos, and over the Internet. XM has also created a radio channel for the Starbucks coffee shop chain, and provides data services such as traffic information for Cadillac and Acura owners.