Tuesday, February 17, 2009

Sirius XM keeps alive... for now

Having spent much of the past couple of days teetering on the edge of bankruptcy, Sirius XM has taken a massive loan from DirecTV owner Liberty Media.

That's not the sort of loan where, having taken the money, you then find the person who gave you the lifeline sitting in your living room, wearing your robe, smoking your cigars and making doe eyes at your wife. Oh no, no, no.