Will Sirius XM Radio fall to earth? Burdened with $2.8 billion in debt after the July merger of rivals Sirius and XM, the sat -ellite radio company run by former CBS CEO Mel Karmazin is near a bankruptcy filing, said The New York Times on Feb. 11. Despite a 17% jump in subscribers in the third quarter of 2008, the company lost $4.88 billion for the period. Sirius has been hurt by the crash in auto sales because some models featured satellite radios as an option. Set-top box maker EchoStar has bought $575 million in bonds and has offered to inject capital into the company in return for control.
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