Around the Net

Sirius XM's Loss Widens

Sirius XM Radio Inc.'s fourth-quarter loss widened on costs related to the merger of Sirius and XM Radio. The company's net loss for the quarter widened to $245.845 million from $166.223 million in the corresponding quarter last year. The satellite-radio company, which faces a mountain of debt, was perilously close to bankruptcy last month before media titan John Malone's Liberty Media Corp. lent it $530 million for a 40% stake.

Read the whole story at The Wall Street Journal »

Next story loading loading..