AOL, XM Satellite to start Web radio service
AOL, XM Satellite to start Web radio service
America Online Monday announced plans to launch a Web-based radio service with XM Satellite Radio in a move that may help XM win customers from AOL’s 24 million subscribers.
The service, which will offer about 200 channels streamed over the Web in CD-quality sound for a monthly fee, will combine existing stations from both partners and will begin to roll out this summer.
The service, which will cost an estimated $5 a month, will be available for free to AOL’s current paying subscribers. AOL is a unit of Time Warner Inc. , the world’s largest media company.
XM Radio subscribers will have access only to XM’s online stations, but some AOL programming will be available on XM’s stations.