Sirius Quarterly Loss Widens

Sirius Satellite Radio Inc (SIRI) on Tuesday said its quarterly net loss widened with higher spending for programing and other costs, but posted an increase in subscribers for its fee-based radio service.

Sirius said its third-quarter net loss grew to $180.5 million, or 14 cents per share, from $169.4 million, or 14 cents per share, a year ago.

The company added 359,294 subscribers in the quarter for a total of 2.17 million, and raised its full-year forecast to more than 3 million.