03:16 PM EST - Canadian Satellite Radio Holdings Inc. : operator of the XM subscription radio service in Canada, lost $102.7 million in its first fiscal year as the company spent millions to launch, including spending on marketing and subsidies on radio receivers designed to attract new subscribers. While industry watchers don't expect the company to turn a profit in its first few years, the loss exceeded analysts' predictions and came on revenue of just $6.9 million. During the fourth quarter, CSR lost $23.7 million, or 50 cents a share, on revenue of $3.4 million. Canadian Satellite Radio Holdings Inc.
shares T.XSR are trading up 75 cents at $8.55.
