US satellite radio firm Sirius XM has reported net income of $14 million for the final quarter of 2009 – the first time it’s reported a quarterly profit since the merger of Sirius and XM in July 2008. The profit was based on revenues of $684 million, which were up 6% year-on-year. The company added nearly 250,000 net subscribers during the quarter, and has been benefitting from charging more for its multi-subscription and internet packages.

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