Sirius Narrows Q1 Loss, XM Heads South

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NEW YORK Losses grew at XM and shrunk at Sirius, the satellite radio firms said Monday in announcing what they hope will be their final quarterly financial reports as stand-alone companies.

It has been 15 months since the two said they would merge. The Justice Department gave its OK, but the pair still await FCC approval, and executives at both firms Monday again pitched the virtues of a merged company.

XM CEO Nate Davis called a combined XM-Sirius “clearly in the public interest,” predicting a la carte programming, tiered pricing and more family-friendly radio options.

Such enthusiasm isn’t shared by the Consumer Federation of America, Consumers Union and Free Press, all nonprofit, public-interest organizations that called on the FCC on Monday to kill the deal.

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