News
XM Announces Q2 Losses; Adds ABC, ESPN, And Disney Programming
XM Satellite Radio Holdings Inc. yesterday reported financial and operating results for the second quarter ending June 30, 2001. During the quarter, XM Radio achieved several critical milestones including successfully launching its second satellite, “Roll,” signing programming deals with leading brand names including MTV, VH1, CNBC, and CNET, and launching a redesigned website in preparation for commercial launch planned for late this summer. With all that activity, and not a single paying subscriber, it stands to reason that the company suffered losses in consolidated operating loss (EBIT), consolidated net losses, and consolidated net loss available to common shareholders. For the… Read more »