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XM Radio Subscription To Cost More |
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Written by Administrator
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Saturday, 15 July 2006 |
XM Canada will be increasing its monthly subscription to $14.99 from $12.99 later this year, after its parent company, Canadian Satellite Radio Holdings Inc., reported a $20.4 million loss in its latest quarter.
The new price will go into effect on September 1st, however, anyone subscribing to XM before September 1, 2006, will get the $12.99 monthly rate until September 2007.
The news will certainly raise eyebrows at Sirius Canada, mainly due to the fact that the rate increase means XM's competitive edge of a lower subscription price will no longer be a factor in the fight for subscribers. Sirius Canada's monthly subscription price has been $14.99 since their launch, however, Sirius Canada offers more channels than its competitor XM.
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