News and musings on Sirius, XM, DirecTV and the DISH Network.

XM Satellite Radio Lifts Monthly Fee by 30%

XM Satellite Radio on Monday said it would raise the monthly fee for its nationwide radio service by about 30 percent in April and would add some premium features to its basic plan, putting it on par with smaller rival Sirius Satellite Radio .

XM, whose shares jumped 13 percent, said the monthly subscription for its basic plan will rise to $12.95 from $9.99, effective April 2. For XM, the leader in the nascent pay-radio market that offers more than 100 channels of music and talk programming, it is the first price increase since its national launch in 2001.

Washington-based XM said the change will not result in a significant near-term revenue increase, because it is offering existing subscribers a chance to lock in long-term contracts for up to 5 years at current rates.

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This entry was posted on Monday, March 7th, 2005 at 1:43 pm and is filed under General, Satellite Radio, XM. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.