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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Create a social media strategy, launch your campaign, and track the results in our Social Media Marketing Boot Camp starting February 16. The online event and workshop will feature speakers including The Onion‘s Baratunde Thurston (left), Facebook’s Morin Oluwole, and bitly’s Tim Devane. Register now.