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Published: Thu, 12 Feb 2009
Description: Sirius in talks with Liberty Media
Automatically Generated Transcript (may not be 100% accurate)
" Then -- on Sirius XM seeking investment from the largest US satellite TV provider again tried to fend off another suitor wants to arrived with prestige by Jesse. At the NASDAQ with more on this developing saga. I thought as the right word drama as well as another where they could use to describe. What's going on with serious accent satellite radio at the clock is ticking with a list of possibilities apparently growing. In the last few days ahead of its decision to decide what to do. With that -- the future of the company now according to our colleagues over at The Wall Street Journal series apparently now getting another potential suitor involved. -- to potentially infuse capital into the company series sex and seeking investment from lit thirteen media and a last ditch effort to save the company now that two possibilities at stake and it doesn't take money from -- either bankruptcy. Or an unwelcome takeover by Charles Ergen who controls echostar as well as dish and other satellite TV company. He also controls a significant portion of the company's debt which comes due on Tuesday. The journal goes on to state that talks with scenes John Malone who runs liberty and DirecTV. Our advance though Malone is that known to be someone who doesn't like to make hasty decisions so apparently -- talks are continuing there's going to be. More time potentially needed and it also interestingly enough the New York Post goes on to say that not Karmazin -- I deal with DirecTV so that he doesn't have to lose control. Of the company control obviously big issue with what's going to happen with the company because there are reports that go on to say -- get. What Charles -- wants to do is just take the bandwidth. This fact and that this company has for serious and use it for entirely different purposes. -- For that rather. Who -- Though they've got that right not comment on them -- Without Latin means I companies while Karmazin wants to maintain control and keep serious satellite radio going the only way he's going to do it apparently. Is that DirecTV. Back to you should body thank you so much for that well."
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