XM Satellite Radio
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XM Satellite Radio Holdings (XM) is one of two satellite radio (SDARS) services in the United States and Canada, along with Sirius Satellite Radio. XM provides pay-for-service radio, analogous to cable television. Its service includes 73 different music channels, 39 news, sports, talk and entertainment channels, 21 regional traffic and weather channels and 23 play-by-play sports channels. XM channels are identified by Arbitron with the label "XM" (e.g. "XM32").
The company was founded in 1988 as American Mobile Radio Corporation; satellite service was officially launched on September 25, 2001.
On February 19, 2007, XM announced a merger deal with Sirius Satellite Radio. If approved, the merger will combine the two radio services and create a single Satellite Radio network in the United States and Canada. On March 24, 2008, the United States Department of Justice announced it had closed its investigation of the merger because it "concluded that the evidence does not demonstrate...
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