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
Karmazin: Bankruptcy Talk Hurt Sirius
Mar 13, 2009 • Post A Comment
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