XM Satellite Radio said June 7 it signed an exclusive content sharing deal with Audible Inc., a provider of digitally delivered, spoken word audio.

The two companies will introduce in 2006 a portable, handheld satellite radio capable of playing both the XM service as well as Audible’s spoken word content, which can be downloaded from the Web into the device’s memory. XM also will launch in 2005 a new Audible program for broadcast on XM that will consist of features, interviews and news focusing on audio books and other spoken word content available on Audible’s Web site.