June 12, 2008 - 11:59 am

By: THE CANADIAN PRESS

TORONTO - Satellite radio provider Sirius Canada says its subscriber count grew by more than 250,000 customers over the past eight months.

The latest results bring the company's total to 750,000 subscribers, Sirius said on Thursday.

"The last eight months were the strongest period of subscriber growth since launch and our success to-date has surpassed the expectations of the company's management and shareholders," said president and chief executive Mark Redmond.

Privately-owned Sirius is one of two subscription radio services operating in Canada, the other being XM Radio, a publicly traded company through Canadian Satellite Radio Holdings Inc. (TSX:XSR).

In the United States, the two companies respective U.S. partners are involved in a drawn-out merger process that began over a year ago. The merger of XM and Sirius has received approval from the U.S. Justice Department, but stalled with regulators at the Federal Communications Commission.

Ownership of both entities differs in Canada, and for that reason both companies have said it won't affect their domestic operations.

Sirius Canada's is 40 per cent owned by CBC Radio, 40 per cent by Slaight Communications and 20 per cent owned by Sirius in the United States.

"At this point we're saying that we're not included in the merger in the U.S. It's probably too early to speculate what would happen," said Sirius spokesman Jeff Roman.

Sirius also plans to add 10 more full-time channels to its line-up, covering music, sports and talk programs.

LINK:660News Calgary - Sirius Canada boosts subscriber count by 250,000 over past eight months

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Rick

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