XM says it'll have six million subs by year-end, announces Napster partnership

WASHINGTON - $125 million in Q2 revenues shows that XM Satellite Radio continues to grow rapidly Stateside. It ended the quarter (June 30th) with 4.4 million subscribers, adding 647,226 in three months, a 55% increase over the same period of 2004. (All figures in U.S. dollars) Thanks to those results, the company is dramatically increasing guidance for the balance of the year, saying it’ll likely have 6 million subs by the end of the year, up from its past prediction of 5.5 million. But, even with all the new paying customers, XM's net loss for the second quarter 2005 was...