Radio / Television News

XM Canada subs near 400K

TORONTO – XM Radio’s parent company, Canadian Satellite Radio Holdings reported Friday it increased revenue by 33% to $52.5 million in fiscal year 2009, ended August 31, 2009.Self-paying subscribers rose by 23% to 380,900, which helped reduce adjusted operating loss by 54% to $14.3 million, the company reported. (This is still well back of privately-held Sirius Canada, which reported last year it had topped 750,000 subs)"Our disciplined focus on profitability has delivered very strong results in what was a challenging year for Canada, particularly in the automotive industry," said Michael Moskowitz, president and CEO of XM Canada, in the release....