Sirius Satellite Radio Inc. said on Wednesday it plans to sell a video service beginning in the second half of 2006 and will use software from Microsoft Corp for the service. Its shares rose 21 cents or almost 3 percent to $7.72 in early trade on the INET electronic brokerage system after the news.
Sirius, which provides satellite radio services for a monthly fee, said it is planning two to three video channels with programming aimed at children. It said car makers are interested in installing the service given the interest in entertainment for passengers in the back seats of cars.
Read the complete article @ Reuters
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