XM Ups Monthly Price And Adds Services

From the press release: "XM Satellite Radio today announced that it is expanding its basic service package, and that the monthly subscription price for XM’s basic service will increase to $12.95 beginning April 2, 2005.

"XM is also offering existing customers the unique opportunity to lock in the current $9.99 monthly rate with a one-year prepaid plan and deeper discounts with a two, three, four, or five-year prepaid plan until April 2…

"Beginning April 2, XM’s expanded basic service will include the Internet service XM Radio Online, which offers more than 70 channels of XM music and talk programming (previously $3.99 per month), and the High Voltage channel, featuring the talk radio duo Opie & Anthony (previously $1.99 per month)…

"Hugh Panero, XM President & CEO, said… "This new pricing approach will help fund future technology development, enable us to offer more attractively-priced radios and maintain our programming excellence. Together, these initiatives should result in XM exceeding its current target of 20 million customers by 2010."

Read the full press release here.