Sirius losses lessen, takes hit on Canadian start-up

NEW YORK - Sirius Satellite Radio announced Wednesday that its total revenue increased 150% year-over-year to $167.1 million for third quarter 2006, reflecting nearly three million new subscribers added in the last twelve months. The company reported a 23% cost improvement per gross subscriber addition from the year-ago quarter, while Sirius’ third quarter adjusted loss from operations decreased 21% year-over-year. Sirius ended the third quarter with 5,119,308 subscribers, 135% above third quarter 2005 subscribers of 2,173,920. During the third quarter of 2006, it added 441,101 net subscribers, a 23% increase over third quarter 2005. For the fourth consecutive quarter, according...