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Yurt
02-10-2009, 10:35 PM
Sirius preparing possible bankruptcy filing: report

NEW YORK (Reuters) – Sirius XM Radio Inc has been working with its advisers to prepare for a possible bankruptcy filing, the New York Times reported on its website on Tuesday, citing people close to the company.

The move could put pressure on satellite television company EchoStar Corp, which reportedly holds a substantial amount of Sirius XM debt. The Wall Street Journal reported on Monday that EchoStar chief Charles Ergen made an offer to take control of the satellite radio company late last year, but he was rebuffed.

http://news.yahoo.com/s/nm/20090211/bs_nm/us_siriusxm

didn't howard stern give like half a billion for joining them?

manu1959
02-10-2009, 10:47 PM
Sirius preparing possible bankruptcy filing: report

NEW YORK (Reuters) – Sirius XM Radio Inc has been working with its advisers to prepare for a possible bankruptcy filing, the New York Times reported on its website on Tuesday, citing people close to the company.

The move could put pressure on satellite television company EchoStar Corp, which reportedly holds a substantial amount of Sirius XM debt. The Wall Street Journal reported on Monday that EchoStar chief Charles Ergen made an offer to take control of the satellite radio company late last year, but he was rebuffed.

http://news.yahoo.com/s/nm/20090211/bs_nm/us_siriusxm

didn't howard stern give like half a billion for joining them?


he got about 670 million.....http://knowledge.wharton.upenn.edu/article.cfm?articleid=1393

Yurt
02-10-2009, 10:53 PM
in cash money or stocks? if stocks, i assume he sold some so far and made enough to play golf forever..