XM Radio "on track" to improve financial performance

TORONTO – After marking its 17th consecutive quarter of revenue growth, XM Radio was able to shrink its net loss by almost $30 million.Net loss decreased by $29.8 million to $1.7 million, due in part to a foreign exchange change of $20.4 million and a gain of $7.1 million through debt repurchase, the company announced.Revenue increased 10% to $13.7 million from $12.5 million for the first quarter of 2010 and 2009, respectively, which the digital audio entertainment company attributed to a growing subscriber base.ARPU declined from $11.94 to $11.26 in the first quarter of 2010 compared to the first quarter...