XM Gains 60,000 Subscribers

XM Gains 60,000 Subscribers
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XM Satellite Radio ended the second quarter with more than 136,500 total subscribers - most from retail sales. General Motors is expanding factory installation of XM from the Cadillac DeVille and Seville to 23 additional GM models in the 2003 model year.
"Our focus is now shifting to making XM part of the sale of GM vehicles as well, said XM President/CEO Hugh Panero. "In preparation for availability at dealers beginning later this summer, XM is now being factory installed in 25 models of GM cars with an aggressive rollout plan encompassing household names such as Buick, Cadillac, Chevrolet, Oldsmobile, Pontiac and GMC."
XM gained about 60,000 subscribers for its 3rd consecutive quarter, most from retail sales at Circuit City, Best Buy, Tweeter, and Radio Shack and other retailers nationwide. The satcaster remains on track to end the year with an anticipated 350,000 subscribers, Panero said.

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