Wednesday, February 18, 2009
Sirius XM Radio Gets Rescued
Liberty Media which owns DirectTV and the Discovery channel loaned Sirius XM Radio $530 million dollars so they would not have to file for bankruptcy. Last week Sirius XM Radio was on the verge of filing chapter 11 do to it's $175 million dollar debt which was actually due Feb. 17th. Even Sirius XM Radio stock has risen to 17 cents from being close to nothing last week and earlier this week.