- 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 www.cdnsatrad.com.