Posted on 01/19/2005 11:57:24 AM PST by t_skoz
XM Buys Live-Music Recorder Effanel 01.18.2005, 12:01 PM
XM Satellite Radio Holdings Inc. on Tuesday said it bought Effanel Music Inc., a privately held company that produces on-location recordings, to improve its live broadcast offerings.
Financial terms were not disclosed.
The satellite radio company said Effanel will work as its mobile recording and broadcast division, which will enable XM to broadcast live music, sports and entertainment events from around the world in digital sound.
Shares of XM rose 4 cents to $35.71 in morning trading on the Nasdaq.

XM Radio Ping list! FR-mail me to get added to or removed from this ping list.
Thanks!
Just an interesting tidbit... I figured a bunch of people who wanted me to add them to the list were folks who owned stock in XM so this would be of interest to them.
bttt
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