Sirius Satellite, which has agreed to acquire its rival XM Satellite Radio, reported a narrower loss for the fourth quarter as revenues more than doubled, an Associated Press report said.
The Associated Press report said Sirius had a net loss of $245.6 million in the last three months of 2006 versus a loss of $311.4 million in the same period a year earlier.
Revenues more than doubled to $193.4 million from $80 million a year earlier, the report said.
The report said Sirius, which is based in New York, ended the year with just over 6 million subscribers, 82% higher than the 3.3 million it had a year earlier.
Sirius has agreed to buy its Washington, DC-based rival XM in a combination that would create one large provider of satellite radio services, but the deal, which the companies announced last week, will face tough regulatory scrutiny in Washington, the report said.
The Associated Press report said Sirius had a net loss of $245.6 million in the last three months of 2006 versus a loss of $311.4 million in the same period a year earlier.
Revenues more than doubled to $193.4 million from $80 million a year earlier, the report said.
The report said Sirius, which is based in New York, ended the year with just over 6 million subscribers, 82% higher than the 3.3 million it had a year earlier.
Sirius has agreed to buy its Washington, DC-based rival XM in a combination that would create one large provider of satellite radio services, but the deal, which the companies announced last week, will face tough regulatory scrutiny in Washington, the report said.