XM Satellite Radio Posts Narrower Loss

XM Satellite Radio Holdings said that it had been helped by a 20 percent increase in revenue and a favorable comparison to last year....

http://www.nytimes.com/2008/02/29/business/media/2...

Xm satellite radio posts narrower loss (Abstract text format)

@import url(http://graphics8.nytimes.com/css/common/screen/arti cle.css); @import url(http://graphics8.nytimes.com/css/section/business/s creen/smallbusiness/article.css); @import url(http://graphics8.nytimes.com/css/common/screen/ie7. css); XM Satellite Radio Posts Narrower Loss - New York Times Skip to article Get Home Delivery Log In Register Now Home Page My Times Today's Paper Video Most Popular Times Topics Business All NYT Media & Advertising World U.S. N.Y. / Region Business Media & Advertising World Business Small Business Your Money DealBook Markets Research Mutual Funds My Portfolio Alerts Technology Science Health Sports Opini on Arts Style Travel Jobs Real Estate Autos Advertise on NYTimes.com XM Satellite Radio Posts Narrower Loss Sign In to E-Mail or Save This Print Reprints By THE ASSOCIATED PRESS Published: February 29, 2008 McLEAN, Va. (AP) — XM Satellite Radio Holdings said on Thursday that it narrowed its fourth-quarter loss, helped by a 20 percent increase in revenue and a favorable comparison to last year, when the company took a significant write-down. XM, based in Washington, reported a loss of $239 million, or 78 cents a share, compared with a loss of $263 million, or 90 cents a share, in the comparable quarter a year ago.The latest quarter included charges of 25 cents a share related to a legal settlement and costs associated with the planned acquisition of Sirius Satellite Radio.Fourth-quarter results in 2006 were reduced by a one-time charge of $57.6 million to reflect the declining value of XM’s stake in Canadian Satellite Radio.XM’s revenue rose to $307.7 million from $257.1 million.XM and Sirius, which is based in New York, announced plans to merge more than a year ago and had hoped to have the $5 billion deal completed by the end of 2007. Shareholders have approved the merger, but regulators at the Justice Department and the Federal Communications Commission have not finished their reviews. More Articles in Business » Click here to enjoy the convenience of home delivery of The Times for less than $1 a day. Tips To find reference information about the words used in this article, double-click on any word, phrase or name. A new window will open with a dictionary definition or encyclopedia entry. Related Searches XM Satellite Radio Holdings Inc Add Alert Company Reports Add Alert Sirius Satellite Radio Inc Add Alert Mergers, Acquisitions and Divestitures Add Alert More Articles in Business » Advertise on NYTimes.com MOST POPULAR - BUSINESS E-Mailed Blogged Austria’s ‘Woman on Wall St.’ and Madoff Satyam Chief Admits Huge Fraud Facing Losses, Billionaire Takes His Own Life The Costly Compromises of Oil From Sand The Irish Economy’s Rise Was Steep, and the Fall Was Fast For Victims of Schemes, the I.R.S. Can Be Flexible Credit Card Companies Willing to Deal Over Debt Square Feet: Denver Aims to Ride Out the Recession Waterford Wedgwood Is in Receivership Air Security Could Involve Private Jets Go to Complete List » The Times to Sell Display Ads on the Front Page Village Voice Lays Off Nat Hentoff and 2 Others Ford Sales Dropped 32.4% in December Steel Industry, in Slump, Looks to U.S. Stimulus As Vacant Space Grows, So Does Crisis for Lenders Should Congress Put a Cap on Executive Pay? Manufacturing Cools Around the World Toyota to Shut Factories for 11 Days Fee Dispute Threatens Some Cable Shows Credit Card Companies Take What They Can Get Go to Complete List » nytimes.com/movies The Critics' picks for the Oscar nominations Also in Movies: How Brad Pitt aged with Benjamin Button Caped crusading Continuous coverage of awards season Advertisements Need to know more? Get 50% off home delivery of The Times. Inside NYTimes.com Sports » Apples for a Nickel, and Plenty of Empty Seats World » Atheists Decide to Send Message, on 800 Buses Opinion » Dining & Wine » From Asia, Rapture in a Bowl Opinion » Letters: How Do We Fix the Financial Mess? Television » The Show That Put the ‘Real’ in Reality TV Television » Suspenseful Corporate Litigation Returns Real Estate » In Egypt, Living on a Farm Dining & Wine » Saving a Squirrel by Eating One Opinion » Politics » Congressional Black Caucus Assesses Its Role Opinion » Jeff Scher: ‘You Won’t Remember This Either’ Home World U.S. N.Y. / Region Business Technology Science Health Sports Opinio n Arts Style Travel Jobs Real Estate Automobiles Back to Top Copyright 2008 The New York Times Company Privacy Policy Search Corrections RSS First Look Help Contact Us Work for Us Site Map

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