Karmazin: Bankruptcy Talk Hurt Sirius

Mar 13, 2009  •  Post A Comment

The bankruptcy talk surrounding Sirius XM Satellite Radio pounded the company’s fourth-quarter subscriber numbers, CEO Mel Karmazin told analysts, the Wall Street Journal reports. Sirius avoided bankruptcy when Liberty Media took a 40% stake and lent it $500 million, the paper says.
—Jon Lafayette

One Comment

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