(CelebrityAccess MediaWire) —
XM Satellite Radio added more than 617,000 new net subscribers during the third quarter of 2005 for a total of more than 5.03 million subscribers. This subscriber gain represents a 48 percent increase in new net subscribers compared to the third quarter of 2004, when XM added more than 415,000 new net subscribers.
"This continues to be a phenomenal year for XM Satellite Radio, with more than 1.8 million new net subscribers since the beginning of 2005," said Hugh Panero, president and CEO, XM Satellite Radio. "During the third quarter, we increased our lead as the number-one satellite radio company by topping five million subscribers, and we expect to surpass six million by the end of the year. This was our best third quarter ever, and with a tremendous line-up of new products and programming choices, we expect the fourth quarter to be the most successful in the history of our company." –Jane Cohen and Bob Grossweiner