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Reload this Page Sirius XM begins bankrupcty preparations
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Old 02-11-2009, 05:30 PM   #1
fatediesel fatediesel is offline
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Default Sirius XM begins bankrupcty preparations
According to an article in today's New York Times Sirius XM has hired advisers to prepare for a possible bankruptcy filing. http://www.nytimes.com/2009/02/11/te...er=rss&emc=rss

According to the article this could lead to the termination of contracts of people like Martha Stewart and Howard Stern, and a possible takeover by Echostar.
It's pathetic that regulators allowed this merger to go through, as anyone with any brain would see that Sirius was taking on way too much debt and unless their business grew substantially they wouldn't be able to pay pay that debt off.
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