XM Reports Wider Loss, U.S. Probes

XM Satellite Radio Holdings Inc. reported a wider first-quarter loss Thursday and disclosed that federal regulators were probing its marketing practices.

XM, the larger of the nation’s two satellite radio providers, lost $151.4 million, or 60 cents a share, in the period ended March 31 versus a loss of $122.1 million, or 58 cents, a year earlier.

XM also disclosed in a regulatory filing Thursday that the Federal Communications Commission found that one of its products, the Delphi XM SKYFi2, wasn’t in compliance with transmitter emission standards.

It also said the Federal Trade Commission was investigating whether its marketing practices were in line with rules governing telemarketing, the Truth in Lending Act and other statutes. The company said in the filing that it received both inquiries Tuesday and was cooperating fully with them.

XM shares fell $1.21 to $20.80.