space news from around the webin association with SpaceNews

Liberty loan keeps Sirius XM out of bankruptcy
Posted: Wed, Feb 18, 2009, 7:59 AM ET (1259 GMT)
Liberty Media and Sirius XM Radio reached an agreement Tuesday on a $530-million loan designed to keep the satellite radio company out of bankruptcy. Liberty agreed to provide Sirius with an initial $280 million loan that allowed Sirius to pay off a tranche of debt that was due on Tuesday, to be followed by an additional $150 million in loans. Those loans will be converted into a 40% stake of Sirius XM for Liberty, as well seats on Sirius's board. Sirius XM was in danger of filing for Chapter 11 bankruptcy protection had it not secured a deal on Tuesday.
<<previous article   next article>>
news in brief
ULA and SpaceX split Air Force launch awards
Posted: Sun, Mar 18 12:07 PM ET (1607 GMT)

British commercial space bill becomes law
Posted: Sun, Mar 18 11:50 AM ET (1550 GMT)

news links
Monday, March 19
A changing shade of Blue
The Space Review — 8:26 pm ET (0026 GMT)
A space renaissance
The Space Review — 8:21 pm ET (0021 GMT)
Review: The Planet Factory
The Space Review — 8:20 pm ET (0020 GMT)

about   ·   ·   mailing list