NHL to be exclusive to XM Satellite Radio beginning July 1
TORONTO, June 11 /CNW/ - Canadian Satellite Radio Holdings Inc. (TSX:
XSR), through its XM Canada satellite radio service, announced today it has
achieved 270,000 subscribers as of the end of its third quarter ended May 31,
"We continue to focus our efforts on building our subscriber base through
diverse channels," said John Bitove, chairman and chief executive officer of
XM Canada. "XM Canada has built an extensive network of automotive partners
that are continually increasing their XM radio installations and we are
extending into the retail sector with new and innovative products. Our
outstanding programming lineup is further bolstered as XM Satellite Radio
becomes the exclusive radio broadcaster of the NHL beginning July 1 for the
next eight seasons."
For the past two years, XM Satellite Radio held equal NHL broadcast
rights with Sirius Satellite Radio. On July 1, a new agreement takes effect
and XM becomes the exclusive satellite radio network of the NHL for the next
The subscriber numbers reported today are based on unaudited results.
Please refer to the Management Discussion and Analysis document that will be
filed in conjunction with the Company's third quarter financial results for
greater detail on the subscriber counts.
About Canadian Satellite Radio Holdings Inc.
Canadian Satellite Radio Holdings Inc. (TSX: XSR) operates as XM
Canada(TM) through its subsidiary, Canadian Satellite Radio Inc. XM is
Canada's premium digital audio entertainment and information company with the
best satellite coverage in the country and offering a unique lineup of premier
Canadian and international content.
With 120 channels, XM Canada offers listeners the most channels of unique
and exclusive programming including the most NHL(TM) games, PGA TOUR(TM) and
Major League Baseball(TM) coverage, the deepest play list, and news, talk,
sports, entertainment and children's programming. After this season, XM will
become the exclusive provider of NHL games on satellite radio. Acura, Buick,
Cadillac, Chevrolet, General Motors, GMC, Harley Davidson, Honda, Hummer,
Hyundai, Infiniti, Lexus, Nissan, Pontiac, Toyota, Saab, Saturn, Suzuki and
Subaru will offer XM radios in more than 115 different models of vehicles for
model year 2007.
XM has an exclusive Canadian license from U.S.-based XM Satellite Radio
Inc., the leading satellite radio provider in the U.S. with more than 8
million subscribers. XM is offered on TELUS Mobile Radio(TM) and on Rogers
Communications wireless, cable and Internet platforms. XM Canada is the
exclusive music channel provider on Air Canada's flights and pre-installed
radios are available in select Avis Budget Group rental vehicles. A live
stream of selected XM Canada channels is available via a three-day
complimentary trial of XM Radio Online at http://listen.xmradio.ca. To
subscribe to XM Canada online or for more information about XM Canada's
programming lineup and radio choice, visit www.xmradio.ca.
To find out more about Canadian Satellite Radio Inc. (TSX: XSR), visit
our website at www.cdnsatrad.com.
Certain statements included above may be forward-looking in nature. Such
statements can be identified by the use of forward-looking terminology such as
"expects," "may," "will," "should," "intend," "plan," or "anticipates" or the
negative thereof or comparable terminology, or by discussions of strategy.
Forward-looking statements include estimates, plans, expectations, opinions,
forecasts, projections, targets, guidance or other statements that are not
statements of fact. Although CSR believes that the expectations reflected in
such forward-looking statements are reasonable, it can give no assurance that
such expectations will prove to have been correct. CSR's forward-looking
statements are expressly qualified in their entirety by this cautionary
statement. CSR makes no commitment to revise or update any forward-looking
statements in order to reflect events or circumstances after the date any such
statement is made.
Additional information identifying risks and uncertainties is contained
in CSR's filings with the Canadian securities regulators, available at
For further information:
For further information: For investor information, please contact: (416)
408-6899, firstname.lastname@example.org; For media information, please
contact: Wilcox Group, (416) 203-6666, XMradio@wilcoxgroup.com