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:Press Release 2005:
XM's CANADIAN PARTNER AWARDED LICENSE TO OFFER SATELLITE RADIO SERVICE IN CANADA
Washington D.C., June 16, 2005 -- XM Satellite Radio (NASDAQ: XMSR), America's leading satellite radio service with more than four million subscribers, today announced that its Canadian partner, Canadian Satellite Radio (CSR), has been granted a broadcasting license from the Canadian Radio-television and Telecommunications Commission (CRTC) to deliver commercial-free music and premier news, sports, talk, and entertainment to Canadians from coast-to-coast.
"Through our strong partnership with CSR, XM will have an opportunity to expand the XM service beyond the United States and serve millions of Canadians with compelling Canadian and American programming." said Hugh Panero, XM President & CEO. "XM currently features a wide range of Canadian artists and our partnership with CSR offers a unique opportunity to expand the reach of Canadian music and culture in Canada and in the United States."
XM and CSR will be working together to address the differences between the Canadian content standards described in the broadcasting license and what was proposed in the license application.
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