Corporate Profile
Canadian Satellite Radio Holdings Inc. operates as XM Canada� through its subsidiary, Canadian Satellite Radio Inc. CSR is seeking to become the market leader in providing subscription-based satellite radio entertainment to the Canadian market. On June 16, 2005, the CRTC approved the application of CSR Inc. for a six-year broadcasting licence to offer satellite radio services across Canada. CSR creates unique content to be broadcast in Canada and the United States through XM Canada�.
XM Canada� is the exclusive Canadian licensee of XM Satellite Radio Inc. (NASDAQ: XMSR), the leading satellite radio provider in the U.S. with more than five million subscribers and an estimated 70% share of the U.S. satellite radio market. As a result of CSR�s partnership with XM, it enjoys many advantages in programming cost structure and distribution channels. XM has made significant inroads with the most important car companies, and is the exclusive factory installed distribution partner of 56 per cent of the new auto marketplace. XM radios are installed in the U.S. models of global vehicle manufacturers such as GM, Honda, Toyota, Hyundai and Nissan.
Through its XM Canada� service, CSR launched its French and English satellite radio service across Canada
on November 22, 2005. CSR offers listeners 100 channels, including 100-per-cent commercial-free music as well as news, talk, sports and children�s programming across Canada via satellite.
XM Canada also offers
40 NHL hockey games per week, and becomes the exclusive broadcaster of more than 1,000 NHL games
starting with the 2007-2008
season.
About Canadian Satellite Radio
Canadian Satellite Radio (TSX: XSR) completed its initial public offering and started trading on the Toronto Stock Exchange on December 12, 2005. CSR intends to use the proceeds from its IPO to complete the infrastructure roll out and fund operating expenses for its XM Canada satellite radio service.
CSR�s exclusive relationship with XM, the leading satellite radio provider in the U.S., provides CSR with a number of significant benefits that will:
• provide programming, operational know-how and advanced research and development
• permit XM Canada to leverage existing satellite network and technology, brand, distribution relationships with the automobile industry and operational experience
• significantly lower capital and ongoing operating costs for the XM Canada satellite radio service
CSR in the Community
Canadian Satellite Radio recognizes that corporate leaders have the ability and obligation to demonstrate positive corporate citizenship and to contribute to the growth and well being of the communities in which we operate.
CSR supports the S'Cool Life Fund, founded by John I. Bitove. S'Cool Life Fund wants to help ensure that public elementary students are given every opportunity to experience a school life that is enriched in DREAMS - Drama, Recreation, Extracurricular, Arts, Music and Sports. S'Cool Life Fund believes that children learn better when the core academic curriculum is enhanced with a variety of extracurricular activities. S'Cool Life Fund raises funds and donates grants to public non-tuition elementary school extracurricular activities nationwide.
For more information about S'Cool Life Fund, please visit:
