Sirius XM Radio chief executive Mel Karmazin may be removed from his post by creditors if the company files for bankruptcy instead of making a deal to remain operational, the Wall Street Journal reports. Among the satcaster’s options to stay afloat are making deals with either EchoStar or Liberty Media Corp. The New York-based Sirius XM is supposed to repay $175 million in bonds held by EchoStar Corp. by tomorrow’s (2/17) deadline, or bankruptcy could be imminent. Some reports say word on the outcome could come as early as today (2/16).
- Carrie Underwood’s ‘My Gift’ Continues Reign Atop Charts - December 16, 2020
- Bruce Kalmick’s WHY&HOW Staffs Up - December 16, 2020
- ‘Opry Live’ Notches No. 1 on Year-End Livestreamers Chart - December 16, 2020