Canadian Satellite Radio Holdings Inc. (XM Canada) is engaged in providing subscription-based satellite radio entertainment to the Canadian market. The Company is the Canadian licensee of XM Satellite Radio Holdings Inc. (XM). Through XM, the Company offers up to 130 channels, which include commercial-free music, as well as news, talk, sports and children’s programming, including approximately 13 Canadian channels designed and developed by it from the broadcast operations in Toronto, Montreal and Quebec City. Subscribers are offered a discount on the monthly subscription rate by prepaying for a fixed term of one year or greater.