XM disappoints...AGAIN:
XM Satellite Radio Reaches 6.89 Million Subscribers During Second Quarter of 2006
7:31 AM EDT July 6, 2006
XM Satellite Radio, the nation's leading satellite radio company, today announced that it added more than [398,000] new net subscribers during the second quarter of 2006 for a total of more than [6.89] million subscribers.
"As we previously indicated, subscriber growth in the second quarter was limited by product availability and overall softness in the retail channel," said Hugh Panero, President and CEO, XM Satellite Radio. "As we approach seven million subscribers, however, XM Satellite Radio remains one of the fastest growing consumer entertainment products."
Exclusive programming to launch on XM this September includes the much- anticipated Oprah & Friends channel, featuring regular segments by popular personalities from "The Oprah Winfrey Show," and an original weekly reality radio show with Oprah Winfrey and Gayle King.
The company has scheduled a conference call on July 27th, 2006, at 10:00 AM EDT to announce and discuss its financial results for the second quarter of 2006. |
