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XM Hits 7.6 Million Subscribers, Achieves Positive Cash Flow

Reuters
Friday, 5 Jan 2007 | 10:36 AM ET

XM Satellite Radio said it ended 2006 with more than 7.6 million subscribers, after adding over 442,000 new net customers during the fourth quarter.

XM , which competes with Sirius Satellite Radio in the burgeoning pay-radio market, said it achieved positive cash flow from operations during the fourth quarter, according to preliminary results.

Media companies typically use cash flow as a measure of financial performance.

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