Thursday, February 12, 2009

Sirius XM Prepares for Possible Bankruptcy

Sirius XM owes about $175 million in debt payments and considering bankruptcy. EchoStar (Dish TV), owns a substantial amount of the company’s debt and may make a move to talk over management. Service is unlikely to be interrupted; however, they are now planning to charge for their internet feed.

» Full Story on New York Times