Canadian Satellite Radio Holdings Inc. is engaged in the provision of satellite radio entertainment. During fiscal year ended August 31, 2008 (fiscal 2008), the Company had 497,400 subscribers. Through XM Satellite Radio Holdings Inc. (XM), the Company offers up to 130 channels, which include music, as well as news, talk, sports and children’s programming, including at least 13 Canadian channels designed and developed by the Company from its studios in Toronto, Montreal and Quebec City. The Company has multi-year distribution arrangements with several automobile other equipment manufacturers, including, among others, GMCL, Honda Canada, Nissan Canada, Toyota Canada, Hyundai Auto Canada, Porsche Cars Canada, Subaru Canada and Suzuki Canada. Satellite radios designed to serve the car, home, portable and wearable stereo markets are available throughout Canada at consumer electronic retailers under the Audiovox, Delphi and Pioneer brand names.