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XM Satellite Radio

Headquarters: 1500 Eckington Place, N.E.
Washington, DC 20002
Employees: 710
CEO: Hugh Panero
Stock Symbol: XMSR


Career Site

XM is the largest satellite radio service in the nation offering 170 digital channels, including original music and talk channels featuring news, sports, and entertainment.

Customers need to purchase a separate radio in order to receive satellite programming. XM charges $12.95 per month with discounts on prepaid plans for up to five years.

XM has a deal with Major League Baseball to broadcast all games for 11 years. XM is also known for controversial radio hosts Opie and Anthony.

XM has partnerships with major automotive companies to install receivers in their vehicles. Brands available include Acura, Audi, Buick, Cadillac, Chevrolet, GMC, Honda, Infiniti, Isuzu, Nissan, Oldsmobile, Pontiac, Saturn, Scion, and Toyota.

Sirius Satellite Radio announced in February a deal to merge with XM in an all-stock deal. However, the merger is undergoing regulatory approval and could be blocked by the FCC and antitrust agencies.

The company says it has more than 8 million subscribers and has added 1.5 million members over the past year.

In 2006, XM reported revenues of $933.1 million and a net loss of $731.6 million. The company has never been profitable but continues to grow members and revenue.

XM was originally founded in 1992 as American Mobile Radio Corporation. It was the first satellite radio service and launched nationwide on November 12, 2001.


XM offers competitive compensation and a benefits package that includes health, dental, vision, long-term disability, short-term disability, and life insurances.

The company also offers:

401(k) Savings Plan
Employees can contribute up to 15% of salary on a pre-tax basis. XM matches 50% of employee's contributions up to 6% of salary. The match is 100% vested immediately upon enrollment.

Employee Stock Purchase Plan (ESPP)
XM Employees can purchase XM stock at 85% of the fair market value. Deductions are in a flat dollar amount or percentage of compensation per pay period with maximum calculation of $21,250 annually.

Dependent Care Flexible Spending Account
Allows you to lower your taxable income by reimbursing eligible day care and elder care expenses on a pre-tax basis-up to $5,000 per year.

Health Care Flexible Spending Account
Lowers your taxable income by reimbursing eligible out-of-pocket medical, dental, and vision care expenses on a pre-tax basis-up to $3,000 per year.

Paid Vacations
All XM Employees are eligible for three weeks of vacation on an accrual basis.

Paid Holidays
XM observes eleven paid holidays per calendar year.

Employee Assistance Plan
XM provides free, confidential and professional assistance to help employees and their families with problem resolution.

Legal Consultation & Referrals
The EAP also provides legal consultation and referral services with an experienced attorney.

Fitness Program
Employees enjoy an on-site state-of-the-art fitness facility located on the ground floor at our headquarters in Washington, DC.

XM Café
XM Employees based in the Washington, DC office enjoy partially subsidized meals at our in-house café.

Shuttle Service to Public Transport
XM provides a shuttle service that runs daily to and from the nearest metro station.

Free Parking
XM's Washington, DC office also provides free parking for employees.

Updated May 19, 2007

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