Sirius XM May File For Chapter 11
Sirius XM has been able to stay afloat and have star talent like Howard Stern by rolling over their debt at low rates until they could eventually turn a profit. How could that not be perfect?
Anyway, this is a horrible financial story. Scary news story. But while reading the NYT article, we caught this paragraph:
A bankruptcy would make Sirius XM one of the largest casualties of the credit squeeze. With over $5 billion in assets, it would be the second-largest Chapter 11 filing so far this year, according to Capital IQ.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in