XM Satellite Radio Sees Loss Widen

XM Satellite Radio Holdings Inc., the biggest satellite radio service, had a wider third-quarter loss after interest payments increased. The company passed the 1-million-subscriber mark, helped by sales of radios through General Motors Corp.

The net loss expanded to $133.4 million from $109.6 million a year earlier, partly because interest expense nearly doubled, to $30.4 million. XM’s per-share loss shrank to $1.12 from $1.26 as the company had more shares outstanding. Sales jumped almost fivefold to $26.9 million from $5.6 million.

XM shares climbed 48 cents, or 2%, to $21.70 on Nasdaq.