Embattled US satellite radio firm Sirius XM has reported a net loss of $249 million for the fourth quarter of 2008, but more worrying for the company is the way it only added 82,945 new subscribers during the quarter – down from 1.1 million new subs in Q4 2007. Fewer people are signing up, and lots are cancelling their subscriptions – both likely related to the economic climate as consumers rein in their spending. Although Sirius is managing to cut its costs, where growth comes from in 2009 is looking increasingly shaky.

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