Revenues up 17% at newly merged SiriusXM

TORONTO - Canadian Satellite Radio Holdings, parent of SiriusXM Canada, saw its revenues for 2011 jump by 17.9%. Revenues for fiscal year 2011, ended August 31, were $238.7 million, up from from $202.5 million in 2010, while net income was $17.9 million compared to $15.7 million. Fourth quarter revenues for the recently merged entity improved 13.4% to $61.4 million, from $54.1 million year-over-year, and EBITDA , adjusted to account for merger costs, was $11 million, up from $4.4 million last year. Canada’s only satellite radio provider saw subscribers grow 14.5% to reach 2.0 million from 1.7 million at year end 2010. ...