Xm Satellite Radio Tops Two Million Subscribers

XM Satellite Radio Tops Two Million Subscribers
June 14, 2004 -- Washington -- XM Satellite Radio announced that it recently surpassed two million subscribers, the latest milestone for the company. XM launched nationwide in November 2001, reached one million customers in October 2003, and eight months later has topped two million.

"The second million is even sweeter than the first," said Hugh Panero, president and CEO of XM Satellite Radio. "It took us almost two years to reach one million subscribers, and only eight months to double that figure. With more than 200 million vehicles on the road and 100 million households, we've just begun to scratch the surface of our market. Our rapid growth in both the retail and automotive markets puts us on our path to reach 20 million subscribers by 2010