WASHINGTON - XM Satellite Radio Inc. said last week that it has more than 1 million subscribers but wouldn't reveal the exact figure. The company has said that its goal is 1.2 million by year end.
The 2-year-old company, which is based here, also said it expects to stop operating in the red sometime next year.
XM charges subscribers $9.99 a month for its satellite radio service. Its only competitor, Sirius Satellite Radio Inc., charges $12.95 a month.
Sirius' goal is to have 300,000 subscribers by year end. As of June 30, it had 105,186 subscribers.
Sirius is offered on Chrysler group, Mercedes-Benz, Ford Motor Co. and BMW vehicles. XM is offered on General Motors, Honda, Acura, Nissan, Infiniti, Volkswagen, Audi, Isuzu and Scion vehicles.