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XM Hikes Rates

Florida Avenue-based XM Satellite Radio announced today that, in its first rate increase since its 2001 launch, it will be hiking its prices in line with what competitor Sirius charges: $12.95 a month, up from $9.95 a month. Subscribers do have the option of “locking in” the old rate for up to five years if they’re willing to pay in advance.

Just so that we’re clear: You can now pay more for the privilege of not listening to Howard Stern or NASCAR. As we say, money well spent.

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