SiriusXM Canada revenue jumps 9% for first ever profit

TORONTO - Canadian Satellite Radio Holdings Inc., parent of SiriusXM Canada, reports the satellite radio provider posted a $3.3-million profit in the quarter ended November 30, 2012, reversing a $3.4-million loss it recorded for the same period last year. Canada’s only satellite radio provider attributed the 9.2% jump in revenue to $68.9 million on its growing self-paying subscriber base which increased 14.3% to 1.6 million from 1.4 million the year before. SiriusXM Canada broadcasts more than 120 satellite radio channels featuring premier sports, news, talk, entertainment and commercial-free music. "Fiscal 2013 is off to an excellent start," said Mark Redmond,...