XM Satellite Radio
XM Satellite Radio is a
satellite radio service in the
United States that provides digital programming directly from two satellites (nicknamed "Rock" and "Roll") orbiting above
North America. It is based in
Washington, DC and is traded on the
Nasdaq stock exchange under the
stock symbol "XMSR."
XM's business model is to provide pay-for-service radio, free of a great number of commericals, analagous to the business model for cable television. As of January 2003, revenues have been lower than expected, and the company has needed to refinance.
XM's competitor is Sirius Satellite Radio.
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