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Sirius XM to raise the price on basic service

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Sirius XM Radio will be raising the price of it’s basic service on January 1st 2012 to $14.49 (+¬†Royalty¬†Fees). This will be the first price increase since 2002. Sirius XM was in a price freeze for the past 3 years since the merger was approved in 2008 but the price freeze was lifted by the FCC earlier this year.

Sirius XM also plans on adjusting prices to their other services on Jan 1st (Second Radio, Best Of…etc..etc..) but no statement was made on which services would be changed.

“This is the first price increase on our basic service packages since the addition of the NFL, NASCAR, Howard Stern, Martha Stewart and many college sports to our programming line-up,” CEO Mel Karmazin said in a statement earlier today. According to Karmazin the price increase amounts to a nickel more per day, which is still a great value for all the programming listeners can access.

Sirius XM plans on launching Satellite Radio 2.0 next month which will include 30 additional channels. There is still no released pricing structure for the new service.