XM Satellite Radio Inc. says it has a new $450 million financing package, which includes $200 million in new funds from strategic and financial investors and $250 million in payment deferrals and related credit facilities from General Motors Corp. GM has agreed to defer the payments until 2006. XM expects 350,000 radios will have been sold (both retail and OEM) through Dec. 31. However, actual year-end subscriber activations will be between 340,000-350,000, mainly attributed to holiday ...

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