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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 downundo vote up Boing Boing Gadgets found this 2/11/2009found this

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i.gizmodo.com - 2/10/2009

Sirius XM Is Going Bankrupt [Xm Sirius]

— i.gizmodo.com — 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! ] (more) Sirius XM Is Going Bankrupt [Xm Sirius]

Comments vote downundo vote up Rover found this 2/10/2009found this

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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 ...

Comments vote downundo vote up Engadget found this 2/17/2009found this

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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 sign. ...

Sirius XM To Go Bankrupt?
GadgetReview — ... high-quality satellite stations. Other reports indicate this may be a ploy to get Echostar, which already owns a  big part of Sirius’ debt,  to take ownership of the struggling company. My take? Don’t care either way. It’s been ages since I’ve even turned on the radio let alone paid satellite radio. Internet audio streaming to your car…I think that may be the wavelength of the future. [New York Times] ...

Sirius XM preparing for potential bankruptcy
Gadgetell — ... 11 filing, customers are unlikely to see any interruption in the service.  However some of the higher paid acts such as Howard Stern could go away when contracts up for renegotiation. Of course, all things considered, I cannot say that this news comes with much surprise, if anything the surprise is why it has taken this long.  I have been contemplating canceling my subscription lately, I guess it is safe to say that I am not alone in that thought. Read [New York Times] Full Story » | Written by Robert ...