XM Satellite Radio Holdings Inc (XMSR.O: Quote, Profile, Research, Stock Buzz) said on Monday that it had added 322,000 new net subscribers in the second quarter and now has about 9.7 million.
The total represents a 17 percent increase in subscribers since the end of the second quarter of 2007, said XM, which is in the process of being acquired by rival broadcaster Sirius Satellite Radio (SIRI.O: Quote, Profile, Research, Stock Buzz).
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XM Satellite says subscriber count tops 9.7 mln
Posted 21 July 2008 - 06:54 AM
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Posted 03 August 2008 - 02:41 AM
I will be the first to admit I know nothing about business mergers of any kind. So I really don't understand why the company that had the most customers from what I have read was bought by the other company And also from what I have read that I can understand both companies are close to drowning in red ink. So now we just have one company, but isn't all that red ink still there?
Posted 03 August 2008 - 03:26 AM
Posted 05 August 2008 - 08:45 PM
As I recall K-Mart had been having some money problems, but when it came to just size I believe they had a lot more stores than Sears. But I could be mistaken about that. In fact knowing me and business news I probably am mistaken
sorta like how Kmart bought Sears,