- Represents more than 100 per cent growth since 2006
- XM Canada's exclusive satellite radio broadcast partnership with the
NHL draws thousands of hockey fans
- Wide-range of programming choices from sports to rock 'n' roll to
family boosts subscriber base
TORONTO, Sept. 11 /CNW/ - Canadian Satellite Radio Holdings Inc. ("CSR")
(TSX: XSR), through its XM Canada satellite radio service, announced today it
has achieved 306,000 subscribers as of the end of its fourth quarter ended
August 31, 2007. The number of subscribers has more than doubled since CSR's
2006 fiscal year, in part due to the significant subscriber growth achieved
during the fourth quarter.
"Our dedication to provide amazing programming and secure a great roster
of sports coverage, including our exclusive satellite radio broadcast
partnership with the NHL, is clearly demonstrated by our rapidly growing
subscriber base," said John Bitove, chairman and chief executive officer of XM
Canada. "We have successfully increased subscribers this quarter through a
number of strategic initiatives including an increase in our retail
distribution network, the addition of innovative new products including the
XpressRC, XpressR and XpressEZ and our outstanding programming lineup
available on 120 channels. With our exclusive NHL partnership airing for the
next eight seasons, XM Satellite Radio will provide listeners with
up-to-the-second action and exciting coverage of all things NHL until 2015."
"As many of our automotive partners begin factory installing XM radios as
a standard feature and as we ramp-up our partnerships with national leading
brands including Rogers, TELUS, Air Canada, Avis and Budget, the entire XM
Canada team is positive that the upcoming year will bring even more exciting
opportunities to grow and delight our subscriber base," said Bitove.
The subscriber numbers reported today are based on unaudited results.
Please refer to Management's Discussion & Analysis that will be filed in
conjunction with the Company's 2007 annual 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 exclusive satellite radio coverage of
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. Acura, Buick, Cadillac, Chevrolet, General Motors, GMC, Harley
Davidson, Honda, Hummer, Hyundai, Infiniti, Lexus, Nissan, Pontiac, Toyota,
Saab, Saturn, Suzuki and Subaru now offers 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 is the
exclusive music channel provider on Air Canada's flights. 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
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