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XM Places $1 Billion Bet On Satellite Radio Launch
From a chair that looked as if it belongs on the starship Enterprise, Hugh Panero flipped a switch Tuesday and formally launched XM, the first of the nationwide satellite radio services to go on the air. While the ceremony marked XM’s official start, it will not be a national service for some months because the signal is being beamed from the company’s two satellites – “Rock” and “Roll” – to San Diego and Dallas. The company plans to roll out service to the southern half of the United States within a month and to the rest of the nation in… Read more »