XM Satellite Radio Announces Fourth Quarter Results
XM Satellite Radio Holdings Inc. reported financial and operating results for the fourth quarter ended December 31, 2001, which marked the rollout of America’s first nationwide digital satellite radio service. In its first eight weeks of nationwide operation, XM signed up more than 30,000 customers, including 27,733 subscribers through December 31, 2001, making it the fastest-selling audio product in 20 years. XM was launched nationwide on November 12, 2001, with a lineup of 100 channels of music, news, sports and entertainment and has drawn acclaim from subscribers, listeners, retailers and the press, including being named “Product of the Year” by… Read more »