Incorporated in 1990 the company operates as a provider of commercial-free satellite radio services. It offers a wide variety of channels including music, news, talk, entertainment, weather and data content. It also provides internet Radio as well as an Internet service offering a CD-quality, Internet-only version of its service. As of December 31,2006, the company had over 6 million subscribers.

The company has an incomplete merger agreement with one of its major competitors XM Satellite Radio. The merger was announced late February of 2007. However the combination of these two companies requires approval from...