spacetoday.net: 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
SpaceShipTwo reaches edge of space on latest test flight
Posted: Sun, Dec 16 12:38 PM ET (1738 GMT)

Russian cosmonauts perform arduous spacewalk to inspect Soyuz
Posted: Sun, Dec 16 12:36 PM ET (1736 GMT)

Voyager 2 enters interstellar space
Posted: Sun, Dec 16 12:35 PM ET (1735 GMT)

news links
Monday, January 21
Air and space port debates photo policy
Antelope Valley Press — 6:34 am ET (1134 GMT)
'Gaganyaan likely to land off Gujarat coast near Veraval'
The Times of India — 6:31 am ET (1131 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list