All Posts: direct tv


It worked!  Faced with possible bankruptcy or a takeover by Charlie Ergen of Dish Network, XM Sirius CEO, Mel Karmizon got a lifeline from Charlie's nemesis, John Malone of Liberty, owners of Direct TV.  Charlie had bought up almost $200 million of Sirius XM debt, payment due today.  If payment wasn't made Charlie would have made a play to take over Sirius XM.  Instead, John Malone chipped in a $530 million loan in exchange for 40% of the co...

The New York Times in an amazing story reports that John Malone may be the one to save Mel Karmizon and Sirius/XM from bankruptcy or being taken over by Charlie Ergen's Dish Network..read the entire, inside story in the New York Times...here.....