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XM/SIRIUS DEMISE = LOCAL OPPORTUNITY?

N

nomorejeffs

This is an excerpt from Yahoo! tech guy Ben Patterson's most recent blog:

"I'm pretty sure we're looking at the end of Sirius XM as we know it. The best scenario for subscribers, I'm guessing, is a takeover by the well-funded EchoStar, which could probably keep the satellite radio service afloat without skipping a beat.

But bankruptcy … well, if that happens, prepare for Howard Stern to be replaced by Crazy Chuck, broadcasting live from his mobile home in West Sacramento."

Hey, Chuck....you paying attention, man? Grab your cans and fire up the generator - this could be your big break!! :D

http://tech.yahoo.com/blogs/patterson/37722
 
If Mr. Malone and Uncle Mel come to an agreement its all over for echostar. All Uncle Mel needs is the money to pay the debt held by echostar and they have to go away. For now. Another big trance of debt is still held by echostar that is due later this year. I guess it all depends on how much Mr. Malone wants to invest in the SiriusXM company.
 
RadioStarOne said:
If Mr. Malone and Uncle Mel come to an agreement its all over for echostar. All Uncle Mel needs is the money to pay the debt held by echostar and they have to go away. For now. Another big trance of debt is still held by echostar that is due later this year. I guess it all depends on how much Mr. Malone wants to invest in the SiriusXM company.
Click to expand...

This is a bulletin from All Access today 'round 8:30 a.m. EST:

SIRIUS XM Radio and Liberty Media Reach Agreement for Investment
Liberty Makes Loan to SIRIUS XM to Repay 2 1/2% Convertible Notes due February 17, 2009

Agreement Provides for Additional Loan
Liberty to Acquire SIRIUS XM Preferred Stock and Board Representation in Connection with Investments

--jay
 
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