XM Satellite Radio to hike fees

XM Satellite Radio said Monday it would raise the monthly fee for its nationwide radio service by about 30% in April and would add some premium features to its basic plan, putting it on par with smaller rival Sirius Satellite Radio.

XM said the monthly subscription for its basic plan will rise to $12.95 from $9.99, effective April 2. For XM, the leader in the nascent pay-radio market that offers more than 100 channels of music and talk programming, it is the first price increase since its national launch in 2001.