Sat rad start-up ain't cheap, but signups beating expectations, says CEO

TORONTO – As a public company, Canadian Satellite Radio (XM Canada) has to issue quarterly reports and lay bare the bottom line of the new satellite radio service in Canada. Today, it announced a $14.61 million loss in the first quarter of fiscal 2006 – the first three months of its public existence – ended November 30th 2005. Competitor Sirius Canada is privately held and needs to disclose no such information.The company reported revenues of $46,010 for the nine day period from November 22 launch of service to the end of the quarter on November 30 from activations, subscriptions and sales...