Sirius XM Is Going Bankrupt

8:18AM February 11, 2009 | Matt Buchanan

I hope you are carrying an umbrella because dead satellites are going to rain our heads: Satellite radio Frankenstein XM Sirius is preparing “a possible bankruptcy filing.” All that for bankrupcty? [NYT - Thanks Ponies!]


Comments

  • Wealth Alchemist

    February 15, 2009 at 9:45 PM

    Yesm I think they are in big trouble having to pay off USD 175M this Tues, with decreasing demand of satellite raio because of other options available like Internet Radio and HD Radio

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