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SIRIUS XM Radio and Liberty Media Reach Agreement for Investment
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Bob Hamilton
02/17/2009
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last edit on 02/17/2009
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...
FLASH! John Malone-Direct TV reportedly set to bail out Mel and Sirius
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by
Bob Hamilton
02/16/2009
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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..
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