Profile - XM Satellite Radio Hold. The Company owns one of two FCC licenses to provide a satellite digital radio service in the United States. It plans to transmit its XM Radio service by satellites to vehicle, home and portable radios. The Company will offer a wide variety of music, news, talk, sports and other specialty programming on up to 100 distinct channels. The Company expects to begin commercial operations by summer of 2001.
Higher loss reflects increased personnel, facilities and marketing expenses.
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