UPDATE 3-XM Satellite loss narrows, subscriber base grows

Newswire

(Adds analyst comment, adds details, updates stock activity) NEW YORK, July 28 (Reuters) - XM Satellite Radio Holdings Inc. on Thursday reported a smaller second-quarter net loss on a 55 percent jump in subscribers to its pay-radio service, and it raised its forecast for new customers this year. The Washington-based company, which leads the nascent market over rival Sirius Satellite Radio Inc. , said its net loss for common shareholders narrowed to $148.7 million, or 70 cents a share, ...

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