History
On August 19, 2003, Canadian Satellite Radio Holdings Inc., the parent company of CSR, filed its initial application to the Canadian Radio-television and Telecommunications Commission (CRTC) for a broadcast licence to provide subscription based digital radio service in Canada. In June 2005, the CRTC awarded the company a six year licence to commence broadcasting in Canada. XM Radio Canada started transmissions across Canada on November 22, 2005, and launched officially on December 1, 2005. Clear Channel's channels were eliminated from XM Radio Canada on April 17, 2006. On April 1, 2007, XM Radio Canada began simulcasting the U.S. service, with the exception of Clear Channel's channels. On November 30, 2007, XM Radio Canada announced that they have over 350,000 subscribers. The Best Of Sirius package (NFL, NASCAR, Howard 100, Howard 101) was not included on XM Radio Canada's offerings in September 2008, even though the Sirius channels were poured to XM Radio Canada during the merger of XM and Sirius channels on November 12, 2008.
On November 24, 2010, CSR announced that it has proposed an all-stock merger with its competitor, Sirius Canada, subject to approval by shareholders and the CRTC. The CRTC approved the merger on April 11, 2011. Canadian Satellite Radio, the current licensee of XM, will hold 30 per cent of the merged company, while Slaight Communications and the Canadian Broadcasting Corporation, the current owners of Sirius Canada, will each hold 20 per cent and the American Sirius XM Radio will hold 25 per cent.
Read more about this topic: XM Radio Canada
Famous quotes containing the word history:
“It takes a great deal of history to produce a little literature.”
—Henry James (1843–1916)
“All objects, all phases of culture are alive. They have voices. They speak of their history and interrelatedness. And they are all talking at once!”
—Camille Paglia (b. 1947)
“A great proportion of the inhabitants of the Cape are always thus abroad about their teaming on some ocean highway or other, and the history of one of their ordinary trips would cast the Argonautic expedition into the shade.”
—Henry David Thoreau (1817–1862)