The New York Times is reporting that Sirius XM Satellite Radio is on the verge of bankruptcy. It has hired advisers to prepare for a possible bankruptcy filing.

The firm is a product of a merger of two satellite radio firms – Sirius and XM – who joined together last March. The firm then began by cutting niche programming and focusing on a more mainstream audience like the controversial replacement of punk radio with an all-AC/DC show.
Source The New York Times is reporting that Sirius XM Satellite Radio is on the verge of bankruptcy. It has hired advisers to prepare for a possible bankruptcy filing.

The firm is a product of a merger of two satellite radio firms – Sirius and XM – who joined together last March. The firm then began by cutting niche programming and focusing on a more mainstream audience like the controversial replacement of punk radio with an all-AC/DC show.
Source