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Sirius XM Posts $4.88 Billion Loss

Law Blog - WSJ.com (Free subscription) | 11/11/2008

Sirius XM Radio Inc. reported a $4.88 billion net loss for the third quarter, reflecting a big impairment charge stemming from the decline of the company's share price since the 2007 agreement to merge satellite-radio operators Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc.