Will Ergen get Sirius
February 18, 2009
This week may decide the destiny of Sirius XM, the worlds only major subscription radio outfit. In 2009 the recently merged entity has lost 45% of its value and trades at about six cents a share. Latest rumours are DirecTV may be making a bid to counter Echostar who are closing in as a result of their ownership of over $300m of Sirius's debt that will mature on Feb 17. Another possibility is Chapter 11. Worth watching this week. Sirius has 19m subscribers.