Update: Sirius XM

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Sirius XM Radio has been rescued by Liberty Media, which is paying hundreds of millions of dollars to keep the satellite broadcaster from defaulting on its loans. The deal gives Liberty Media a non-controlling minority stake in the company. Despite earlier reports of a bankruptcy filing, this last-minute maneuver--loan payments are due today--keeps the company on safe ground.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on February 17, 2009 11:39 AM.

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