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Reload this Page News, Sirius XM Prepares for Possible Bankruptcy. (loan, debt, profit)
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Old 02-11-2009, 02:04 AM
 
Location: Michigan
29,391 posts, read 55,574,845 times
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Last summer, Mel Karmazin was rattling off his trademark one-liners to talk up the future of Sirius XM Radio, the combined company he ran that had just been blessed by regulators.

http://www.nytimes.com/2009/02/11/te...adio.html?_r=1
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Old 02-11-2009, 02:53 PM
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Location: Ohio
17,107 posts, read 38,096,265 times
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The article at the link below suggests the CEO of Dish Network may be trying to arrange a deal in exchange for control of the company.

Bankruptcy Watch: Sirius XM May Be On The Verge—Or Wind Up Owned By EchoStar | paidContent.org
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Old 02-14-2009, 09:11 AM
 
Location: Marietta, GA
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They got a bridge loan from Liberty Media.

BRIEF-Sirius XM gets Liberty Media bridge loan offer to avoid bankruptcy-NY Post - Forbes.com (http://www.forbes.com/feeds/afx/2009/02/13/afx6052730.html - broken link)
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Old 02-17-2009, 08:41 AM
 
Location: Arlington Virginia
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This gets curiouser and curiouser. Two satellite TV companies battling each other for Sirius XM, while neither seems to want to get into the satrad business. Further, the "winner" will pay far more than the company is worth, and a "looser" might walk away with a hefty profit

Sirius XM’s Fate at Stake in a Radio Cliffhanger - NY Times

Sirius Debt Holders May Target Karmazin - washingtonpost.com
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Old 02-17-2009, 09:43 AM
 
Location: Arlington Virginia
4,537 posts, read 9,186,569 times
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Default Done Deal
SIRIUS XM Radio and Liberty Media Reach Agreement for Investment - MarketWatch
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