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Sirius XM Creditors Consider Ejecting Chief

February 16, 2009/0 Comments/in Featured, Radio /by Sarah Skates
Mel Karmazin

Mel Karmazin

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).

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Sarah Skates
Sarah Skates has been a writer and editor in the music business since 2004. She is a longtime contributor to MusicRow.
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https://musicrow.com/wp-content/uploads/2019/03/MusicRow-header-logo-Mar19B.png 0 0 Sarah Skates https://musicrow.com/wp-content/uploads/2019/03/MusicRow-header-logo-Mar19B.png Sarah Skates2009-02-16 15:12:462009-02-16 15:12:46Sirius XM Creditors Consider Ejecting Chief
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