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XM Radio
XM is a United States satellite broadcasting service which provides digital programming directly from two satellites orbiting above North America. It is based in Washington, D.C..
XM's business model is to provide pay-for-service radio, free of a great number of commericals, analgous to the business model for cable television. However, as of January 2003, revenues have been lower than expected and the company has needed to refinance.
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