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XM Post Another Loss, Cuts Subscriber Estimates

Submit on Friday, July 28th, 2006 11:00

Revenues for XM Satellite Radio jumped 82 percent to $227.9 million in the 2006 second quarter, but the satellite operator’s loss increased to $231.7 million, XM Satellite Radio Holdings Inc. announced July 27. In the same period in 2005, XM lost $148.8 million on revenues of $125.4 million. The second…

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