Sirius XM Is Going Bankrupt [Xm Sirius]

i.gizmodo.com - 2/10/2009

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I hope you have an umbrella because dead satellites are going to rain on our heads: Satellite radio Frankenstein XM Sirius is preparing "a possible bankruptcy filing." All that for bankrupcty? [ NYT - Thanks Ponies! ]

nytimes.com - 2/10/2009

Sirius XM Prepares Bankruptcy Filing

— nytimes.com — The filing could put pressure on satellite company EchoStar, which owns a substantial amount of the company’s... debt. > (more) Sirius XM Prepares Bankruptcy Filing

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nytimes.com - 2/11/2009

Sirius XM Prepares for Possible Bankruptcy

— nytimes.com — The filing could put pressure on satellite company EchoStar, which owns a substantial amount of the company’s... debt. > (more) Sirius XM Prepares for Possible Bankruptcy

Comments vote down Boing Boing Gadgets found this 2/11/2009found this

news.prnewswire.com - 2/17/2009

SIRIUS XM Radio and Liberty Media Reach Agreement for Investment

— news.prnewswire.com — The first phase includes a $280 million senior secured loan from Liberty to SIRIUS XM, $250 million... of which will be funded today. The proceeds of that loan will be used by SIRIUS XM to repay $171.6 million of its maturing 2 1/2% Convertible Notes due ... (more) SIRIUS XM Radio and Liberty Media Reach Agreement for ...

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Gizmodo: Sirius XM Gets Bailed Out By Owners of QVC, Avoids Bankruptcy Scare [Sirius XM]

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Sirius XM Gets Bailed Out By Owners of QVC, Avoids Bankruptcy Scare [Sirius XM]
Gizmodo — Liberty Media (proud owners of Starz, QVC and a 48% chunk of DirecTV) made a last-minute deal with Sirius XM, whose impending bankruptcy would have been the second biggest Chapter-11 filing this year. Even though service would have likely continued uninterrupted had the freshly-merged company had to file for bankruptcy, their days of luring in top radio jock talent on big contracts would have likely been over. Now, thankfully, we can carry on without skimping on the Howard Stern. [NY Times] ...

Related: sirius xm, sirius bankruptcy, sirius radio, sirius bankrupt

Breaking: Sirius-XM Saved By Liberty Media
gearfuse.com 2/17/2009 — The AP is reporting that Liberty Media, who had previously expressed interest in Sirius-XM, has signed a deal where it'll invest $350 million in the failing satellite radio company. This comes right in the nick of time; Sirius had $175 million in bond payments due today, which would have no ...

Sirius XM To Go Bankrupt? — GadgetReview

According to reports, Sirius XM has been working with bankruptcy lawyers in preparation for the dreaded Chapter 11. Sirius XM is home to famous radio personalities such as Howard Stern and Opie and Anthony as well as a host of commercial-free, high-quality satellite stations. Other ...

Whoa, Sirius XM could file for bankruptcy ‘within days’ — CrunchGear

This doesn’t look good. The Times is reporting that Sirius XM, home to Opie and Anthony, “has been working with advisers to prepare for a possible bankruptcy filing.” Of course, that’s different from OH MY GOD THEY’RE GOING BANKRUPT RIGHT NOW, but it’s not a good ...

More details on Sirius XM’s possible bankruptcy — CrunchGear

Hope you aren’t a Sirius XM shareholder. When word broke last night that the company had retained the services of some fancy bankruptcy lawyers—the worst, that bankruptcy could be filed “within days”—fans of the service, naturally, started to freak out. There’s a few ...

Report: Sirius XM Radio Ponders Bankruptcy — Digital Trends

The New York Times is reporting (subscription required) that satellite radio operator Sirius XM is preparing for a possible bankruptcy filing. According to the New York Times, Sirius XM owes about $175 million in debt repayments that are due at the end of February that it ...

Sirius XM close to bankruptcy? — Electronista | The Macintosh News Network

People aware of the situation have told the New York Times that satellite radio provider Sirius XM is readying itself for the possibility it may declare Chapter 11 bankruptcy. Although still solvent, the company is believed talking with experts in b...

Report: Sirius XM preparing to file for bankruptcy — Engadget

Sirius XM is preparing to file for bankruptcy and could do so within days, the New York Times reports. According to the article, the move might be a calculated act to pressure Dish Network and EchoStar owner Charles Ergen into making an offer for acquisition. The Wall Street Journal says he ...

Report: Sirius XM approaches Liberty Media, DirecTV — Electronista | The Macintosh News Network

Sirius XM CEO Mel Karmazin has reportedly established talks with DirecTV Group and Liberty Media, in what is viewed as a last ditch effort to avoid bankruptcy or a loss of control, according to Reuters. The satellite-radio provider has held prelimina...

Sirius XM in bailout talks with DirecTV — Engadget

Safe to say that satellite radio is far down the list of priorities for Uncle Sam's bailout bucks, so Sirius XM CEO Mel Karmazin pounded some pavement today, hitting up DirecTV and its parent company Liberty Media to try and save his bankrupted radio hydra . Apparently Smelly Melly isn't as ...

Sirius XM preparing for potential bankruptcy — Gadgetell

Section: Audio , Satellite / HD Radio New reports are claiming that Sirius XM is “within days” of filing for Chapter 11 bankruptcy. According to a New York Times report, the company is currently “working with advisers to prepare for a possible bankruptcy filing.” ...

XM-Sirius Will Most Likely File For Bankruptcy — GEARFUSE

The New York Times tends to be a pretty reputable news source. So when I read last night that XM-Sirius Satellite Radio is probably going to file for bankruptcy, I felt like absolute shit. Why? Because I recently bought some shares of the company hoping it'd recover by 2011. Apparently ...

NYT: Sirius XM about to go bankrupt — Boing Boing Gadgets

Well, I'll be . [New York Times]

EchoStar Trying To Take Over Sirius-XM Radio — GEARFUSE

So you've got the debt-riddled satellite radio monopoly known as Sirius-XM and you've got veteran satellite pioneer EchoStar. EchoStar is trying to buy Sirius-XM but the company keeps rebuffing its offer. As a shareholder, I believe this is not in our best interests. Sirius-XM has yet to turn a ...

Liberty Media rescues Sirius XM from bankruptcy — Engadget

We guess those bailout talks with DirecTV weren't so futile after all, huh? The satcaster's parent company, Liberty Media , has just stepped in to rescue Sirius XM from the clutches of bankruptcy , providing a $530 million life raft that it will use to pay off looming debt payments and keep ...

Sirius, XM satellite radio coming to the iPhone — iPhoneWorld.ca iPhone News Headlines

Until now the absence of satellite radio apps for the iPhone was a rather big disappointment for subscribers of Sirius / XM services. However, a new satellite radio player app is promising to change all that. uSirius uStarPlayr for iPhone is an app that will work with both Sirius and XM ...

EchoStar eying takeover of Sirius XM? — Electronista | The Macintosh News Network

Sources allegedly familiar with the situation tell the Wall Street Journal that EchoStar is taking steps that may lead to a buyout of Sirius XM. The satellite TV provider has reportedly bought up some of about $300 million of Sirius XM debt that mus...