XM Satellite Radio announced last week that the company added more than 1.695 million new subscribers in 2006, ending the year with more than 7.625 million subscribers. The company also said that it posted a positive cash flow from operations during the fourth quarter of 2006, where it gained more than 442,000 new net subscribers.
"XM completed another year of significant subscriber growth, despite retail softness, and did so with continued cost controls, achieving positive cash flow from operations during the fourth quarter," said Hugh Panero, Chief Executive Officer, XM Satellite Radio.
