Sirius Satellite net loss narrows

NEW YORK, July 31 (Reuters) - Sirius Satellite Radio Inc. (SIRI.O: Quote, Profile, Research, Stock Buzz), the No. 2 satellite radio service, on Tuesday said quarterly net loss narrowed as it increased subscribers to its pay radio service.

Sirius, which has agreed to purchase rival XM Satellite Radio Holdings XMSR.O, said its net loss was $134.1 million, or 9 cents a share, compared with a loss of $237.8 million, or 17 cents per share one year ago.

Revenue jumped 51 percent to $226.4 million from $150.1 million.

(Reporting by Franklin Paul)

((Editing by Derek Caney; Reuters Messaging: Franklin.Paul.reuters.com@reuters.net; email Franklin.Paul@reuters.com; Tel: +1 646 223 6195)) Keywords: SIRIUS RESULTS/

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