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Stock Watch: SIRI

Posted by Posted by VFC on Feb 16, 2009

SIRI, Sirius XM Satellite Radio:

Reports and speculation regarding a SIRIus partnership between the debt-laden satellite radio company and either EchoStar or Liberty Media have been prevalent over the past week with a huge chunk of Sirius debt coming due on Tuesday.

In December of last year EchoStar, headed by Charles Ergen, was rebuffed in their takeover bid of Sirius XM by Mel Karmazin. Helping this story to play out like a soap opera, Mel Karmazin, CEO of the combined Sirius XM company, and Ergen have a years long feud dating back to Karmizin's days at Viacom.

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