Corporate Structure
XM Radio Canada is a wholly owned subsidiary of Canadian Satellite Radio Holdings Inc. (CSR Holdings). CSR Holdings TSX: XSR is a publicly traded company on the TSX Exchange. The executive chairman and founder is John Bitove, a Canadian businessman, who owns 58% of CSR Holdings, while the American company Sirius XM owns 23% of CSR Holdings. The remaining 19% forms the publicly traded float on the TSX stock exchange. XMSR granted an exclusive 15 year licence (including a 5 year renewal) to XM Radio Canada to broadcast and distribute its content and to use its XM brand name.
XM Radio Canada has strategic alliances with Corus Entertainment, Telesat Canada, General Motors, Honda, Toyota, Nissan, Telus, Rogers Communications and Air Canada.
Read more about this topic: XM Radio Canada
Famous quotes containing the words corporate and/or structure:
“Power, in Case’s world, meant corporate power. The zaibatsus, the multinationals ..., had ... attained a kind of immortality. You couldn’t kill a zaibatsu by assassinating a dozen key executives; there were others waiting to step up the ladder; assume the vacated position, access the vast banks of corporate memory.”
—William Gibson (b. 1948)
“Communism is a proposition to structure the world more reasonably, a proposition for changing the world. As such, we have to analyze it and, if we deem it reasonable, act upon it.”
—Friedrich Dürrenmatt (1921–1990)