Subscription radio company XM Sirius is preparing a bankruptcy filing amid rumors the company may be sold in full to EchoStar, which is responsible for much of XM Sirius' debt. The satellite radio player has been battling its debt load and a low stock value for many months. Analysts have been angling for an EchoStar buyout to preserve the core business.
(Full disclosure: this author is a longtime XM subscriber and fan.)
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