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More Trouble for Sirius XM Satellite Radio

Back in February, Sirius XM radio narrowly avoided going into bankruptcy, thanks to the generous spirit of Liberty Media's John Malone. However, early results suggest that his investment may not have paid off; not only did the company lose some $236 million in their fiscal first quarter, but for the first time in their history, the struggling satellite-radio company ended the quarter with fewer subscribers than it began it with. Over 400,000 subscribers canceled their subscriptions in the last three months. [WSJ]