XM: 6 Million Subscribers by Year End

XM on Monday said it had further solidified its lead over competitor Sirius, announcing it had added another 617,000 subscribers during the quarter for a total of 5.03 million. The company bested its year-ago new subscribers by 48 percent, and said it expects the holiday quarter to be the best in the company's history.

"This continues to be a phenomenal year for XM Satellite Radio," Hugh Panero, President and CEO of XM said. The company has added 1.8 million new subscribers during the year, and expects to surpass the 6 million mark by the end of the year. Rival Sirius had not reported third quarter subscriber numbers as of press time.