Sirius XM Prepares Bankruptcy Filing

[Matt Molnar]

Sirius XM Prepares Bankruptcy Filing (http://www.nytimes.com/2009/02/11/technology/companies/11radio.html)
By ZACHERY KOUWE
Published: February 10, 2009

Sirius XM Satellite Radio has been working with advisers to prepare for a possible bankruptcy filing in a move that could put pressure on the satellite company EchoStar, which owns a substantial amount of the company’s debt. [Full Article (http://www.nytimes.com/2009/02/11/technology/companies/11radio.html)]

[T-Bird76]

This would have taken place if we were in a good economic period. It was only a matter of time before this happened.

[Midnight Mike]

This would have taken place if we were in a good economic period. It was only a matter of time before this happened.

No kidding! Another company that will blame their financial woes on the present state of the economy.....

[lijk604]

the big question is will THEY ask the Gov't for a bailout?