Stronger Signals for XM

The satellite-radio broadcaster reported a narrower fourth-quarter loss and said it achieved positive operating cash flow

Coming on the heels of the blockbuster merger agreement inked last week between XM Satellite Radio (XMSR) and Sirius Satellite Radio (SIRI), XM reported improved financials for the last quarter. On Feb. 26, XM announced a narrower fourth-quarter loss on a 45% jump in revenue. One other milestone: XM said it achieved positive cash flow from operations in the fourth quarter.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.