Advanced Television

XM Satellite subs rise

July 24, 2008

XM Satellite Radio had added 322,000 new net subscribers in the second quarter and now has about 9.7 million. The total represents a 17 per In a preliminary report, the company said gross additions for the quarter included a record 857,000 gross new subscriptions for radios in automobiles. It marked 224,000 retail additions.

XM forecast subscription revenue for second quarter at $283 million to $288 million and an adjusted operating loss of $32 million to $38 million

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