WASHINGTON -- XM Satellite Radio said it now expects to add 500,000 fewer new subscribers in 2006 than originally anticipated. The U.S. satellite radio company is now projecting that it will end 2006 with 8.5 million subscribers, instead of 9 million, "resulting in subscriber revenues of $835 million and EBITDA loss… of $235 million," said a press release on Wednesday. XM reaffirmed that it remains on track to have positive cash flow from operations for the fourth quarter of 2006 and on an annual basis for 2007. "Subscriber growth for the first quarter of 2006 was consistent with our initial...
