Sirius narrows loss
February 27, 2008
Sirius Satellite Radio says a surge in subs helped it narrow losses in Q4 to $166m down from $245m a year ago. It ended the quarter with 8.3m subs, up 2.3m on a year ago. This pushed revenue higher to $249.8m.
The company is still waiting for a regulatory ruling on its bid to buy larger rival XM Satellite Holdings. Chief Executive Mel Karmazin says Sirius made a “strong case” to regulators and “looks forward to a fast positive ruling from the government.”
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