Possible Sirius XM Bankruptcy On The Horizon

Almost two years after announcing a plan to merge, Sirius XM Satellite Radio is heading into bankruptcy. Sirius XM (SIRI) dropped 52%. Shares plunged on speculation the company may need to file for bankruptcy protection. Ticketmaster (NASDAQ: TKTM) and Live Nation (NYSE: LYV) fell as their merger plans came under scrutiny. BusinessWeek wonders what price bankruptcy for Sirius XM. I expect to be vindicated, just as I was vindicated today by the Sirius XM talk of bankruptcy. Sirius XM Radio Inc. (NASDAQ: SIRI) lost half of its value on reports that it is about to go bankrupt. looks what it's done to Sirius XM (Nasdaq: SIRI). XM Satellite Radio or via 92.3 WXRK-FM (KROCK). Sirius XM may file for bankruptcy. Sirius XM Radio Inc. Sirius XM Radio Inc. reportedly has hired advisers to prepare for a possible bankruptcy filing, which could come in days. branding companies. With $1 billion in debt due this year Sirius XM has hired on advisers, possibly to file for Chapter 11, news reports are saying.

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