XMSR Q3 Conference Call Transcript

XM Satellite Radio Q3 2006 Earnings Call Transcript
(www.seekingalpha.com) Posted on Nov 6th, 2006

Hugh Panero, CEO of XM Satellite Radio:
Thanks, Joe. Good morning and welcome everyone to our third quarter conference call. On the call with me is Gary Parsons, Chairman; Nate Davis, President and COO; Joe Euteneuer, CFO; and Joe, who you just heard from.
In September, XM marked the fifth anniversary of our initial roll-out behind a visionary business plan. This coming Sunday, November 12th is the fifth anniversary of XM's nationwide launch. So for the moment at least, it is important to remember that Satellite Radio is not simply about each quarter’s results, it is also about pioneering a whole new generation of radio that leverages next generation satellite and digital technology to offer millions of consumers unparalleled choice, unprecedented range of compelling programming across a spectrum of content including news, information, sports and music; convenience and portability, high quality audio and of course, exceptional value.
It is easy to forget how far we have come in five short years, but we are understandably proud of many accomplishments. Over 7 million subscribers and 15 million listeners, and a brand that has come to define satellite radio. Over 5.5 million XM-equipped vehicles on the road from our automotive partners; a far reaching retail network of more than 35 partners, including nearly all of the biggest names in retail consumer electronics, big box stores and online outlets. Top consumer electronics partners and industry-leading products like the first portable players that combine XM and MP3; a robust satellite and terrestrial infrastructure, providing industry-leading broadcast signal availability to consumers, highlighted with the launch of XM 4 that give us signal distribution for the next decade-and-a-half. Also, a diverse programming line-up that ranges from music icons like Bob Dylan to Major League Baseball; from Opie & Anthony and Bob Edwards, and commercial-free music from classical to contemporary, including the channels Top 20 on 20 and Highway 16, which today are among the nation's most listened to radio stations in their respective formats...read more: here

11/06/2006 09:32:00 PM

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