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October 28, 2007

Increase in Subscription Numbers + Big Quarterly Loss = XM Progress

Satellite radio company XM revealed this week that in the third quarter, its losses were up a whopping 70 percent over last year. Analysts blame the losses on a 22 percent drop in sales at chain retail outlets like Best Buy. On a more positive note, XM announced an increase in subscribers to their satellite radio

From Increase in Subscription Numbers + Big Quarterly Loss = XM Progress

Posted by Joe at October 28, 2007 08:43 AM