Loral Space & Communications Inc. (Nasdaq:LORL) has reported the Company's financial results for the year and fourth quarter ended December 31, 2008.

Combined segment revenues and Adjusted EBITDA, including the satellite manufacturing and the satellite services segments, for the year were $1.57 billion and $466.7 million, respectively. Combined revenues and Adjusted EBITDA for the quarter were $411.7 million and $132.5 million, respectively. Our net loss for the year and quarter, which were significantly impacted by non-cash charges, were $692.9 million and $629.4 million, respectively. Comparisons to 2007 are not provided because of the changes arising from the acquisition of Telesat late that year. While Telesat's revenue and Adjusted EBITDA are included in the segment results, Telesat is reported under the equity method of accounting in the income statement reflecting only Loral's 64 percent economic interest. After eliminating the results of Telesat, revenue and Adjusted EBITDA for the year were $869.4 million and $37.9 million, respectively and $230.3 million and $17.7 million for the quarter, respectively. Select this direct link to read the Company's entire financial report.