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XM Nears 700,000 Subs

7/01/2003 01:51:00 PM Eastern

Washington - XM Satellite Radio announced it reached a total of 692,253 subscribers, adding 209,178 subscribers during the second quarter of 2003.

The company signed on 135,000 subscribers in the first quarter.

XM remains the market leader, ahead of Sirius Satellite Radio which announced 100,233 subscribers as of June 30, 2003.

XM and Sirius say they are on track to meet their respective year end goals of over 1 million subscribers for XM and over 300,000 for Sirius.