Financially Speaking… Loral Space & Communications…

Loral Space & Communications Inc. (NASDAQ:LORL) announced its financial results for the three months ended March 31, 2008. Overall revenues and Adjusted EBITDA for the quarter, including the results of Telesat, were $386 million, and $99 million, respectively. All of Telesat’s revenues and Adjusted EBITDA are included in these segment results, but Telesat is reported under the equity method of accounting in our income statement, reflecting LORL’s 64 percent economic interest. After eliminating the results of Telesat, revenues and Adjusted EBITDA for the quarter were $219 million and break even respectively. Comparisons to the first quarter of 2007 are not meaningful due to the change in the company’s participation in the satellite services business as a result of the Telesat transaction completed on October 31, 2007. Loral reported a net loss in the quarter of $71 million, and ended the first quarter of 2008 with $204 million in available cash. The full income report is here…—New York, New York