Loss Widens at XM Satellite Radio
XM Satellite Radio Holdings Inc. reported a wider net loss for the fourth quarter of 2004 on Thursday as the company bulked up on new subscribers, adding more than 700,000 in the latest quarter to top 3.2 million users. XM, which is based in Washington, D.C., reported a net loss attributable to common shareholders of $190.3 million for the last three months of 2004, more than the loss of $170.2 million reported in the comparable period a year ago. The per-share loss calculations, however, fell to 93 cents in the latest period from $1.12 a year ago, mainly because of… Read more »