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Whoa, Sirius XM could file for bankruptcy ‘within days’

– February 10, 2009Posted in: Uncategorized

sxmmm Whoa, Sirius XM could file for bankruptcy ‘within days’

This doesn’t look good. The Times is reporting that Sirius XM, home to Opie and Anthony, “has been working with advisers to prepare for a possible bankruptcy filing.” Of course, that’s different from OH MY GOD THEY’RE GOING BANKRUPT RIGHT NOW, but it’s not a good sign.

The satrad company has been working with some fancy bankruptcy lawyers, and it’s possible that a Chapter 11 filing could happen in the next few days.

The Times also notes a subplot: this could be a ploy to get EchoStar, which recently bought a boatload of the company’s debt, to make a formal bid for the company.

I imagine we’ll be hearing about this as the night progresses.

Whoa, Sirius XM could file for bankruptcy ‘within days’

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Whoa, Sirius XM could file for bankruptcy ‘within days’

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