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05 Aug 2009 11:07

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Biz, Tech: Remember how Sirius XM was close to bankruptcy? Neither do we

  • +18% increase in Sirius XM’s stock this week alone, due to high levels of investor optimism
  • two reasons why investors are happy: the cash-for-clunkers program and the company’s iPhone app source
Posted by Ernie Smith • 0 Comments • Permalink

17 Feb 2009 10:09

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Biz: Sirius XM gets a lifeline at the last second

  • $530 million was invested in the satellite radio service by Liberty Media
  • 40% of stock will go to Liberty, who prevented a possible Sirius XM bankruptcy source
Posted by Ernie Smith • 0 Comments • Permalink

11 Feb 2009 11:00

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Biz: Sirius XM could go bankrupt. Here’s why.

  • $3.25 billion in debt for the company, which merged together one last year. It has $5 billion in assets and 20 million subscribers.
  • $175 million in debt payments must be made by the satellite radio provider by the end of the month. They might be hindered by the credit crunch. source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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