XM Hits 7.6 Million Subscribers, Achieves Positive Cash Flow

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.