So..if Sirius Radio goes bankrupt...- Page 2

[winston89]

Posted: 2/11/09 at 10:25pm

I originally got XM radio before the merger. My dad got a new car and the car came with a 3 month free trial. My Dad, being a big classic rock fan, fell in love right away with it. He was very happy that within in the first few times he listened, he had heard songs that he would never hear on the New York classic rock station.

I had always felt that XM had the same kind of set up as regular radio. Just more options in terms of music and more choices. Whereas, I had felt that Sirius was really into things like talk shows you could hear anywhere else such as Howard Stern etc, and stations that just played one band's music. I did like the merger. My dad and I are big Grateful Dead fans so we enjoy that station and the jam band station. I was however unhappy that we didn't get all the Sirius stations. On the contrary, Our family friends have XM and there were some XM stations that they were unhappy that they didn't get with the merger.

[morosco]

Posted: 2/17/09 at 6:39pm

Sirius XM, the embattled satellite radio company, said early Tuesday that it reached an 11th-hour deal with Liberty Media that will allow it to repay maturing debt and avoid a bankruptcy filing, at least for the moment.

The last-minute deal parries an aggressive move by EchoStar, which owns the Dish Network and had been buying Sirius’s debt in hopes of taking control of the company if it defaulted. It calls for a total of $530 million in loans from Liberty Media, the media group controlled by John C. Malone, which will get preferred stock convertible into 40 percent of Sirius’s common equity, the companies said in a statement on Tuesday.
Sirius XM Reaches Investment Deal With Liberty