Latest Primosphere Limited Partnership Stories

2009-02-17 14:02:03

Sirius XM Radio creditors said they preferred the U.S. satellite radio company make a deal to avoid bankruptcy, in spite of the company's $175 million debt. From our perspective, there are restructuring alternatives that are preferable to bankruptcy, said Edward Weisfelner at bankruptcy firm Brown Rudnick. Weisfelner said creditors would move to replace executives, including Sirius XM Chief Executive Officer Mel Karmazin, or appoint their own trustees if the company filed for Chapter 11...

2008-07-29 09:00:48

NEW YORK, July 29 /PRNewswire-FirstCall/ -- SIRIUS Satellite Radio and XM Satellite Radio today announced that they have completed their merger, resulting in the nation's premier radio company. The new company plans to change its corporate name to SIRIUS XM Radio Inc. The combined company's stock will continue to be traded on the Nasdaq Global Select Market under the symbol "SIRI." SIRIUS XM Radio begins day one with over 18.5 million subscribers, making it the second-largest radio...

2008-07-28 12:00:54

After more than 16 months in regulatory limbo, the planned merger between XM Satellite Radio (XMSR) and Sirius Satellite Radio (SIRI) finally got the go-ahead. Late on July 25, the Federal Communications Commission voted 3-2 to approve the deal without imposing many conditions that might have reduced the appeal of the merger. A green light from the top communications regulator was the last government approval needed before combining the satellite radio pioneers. Regulators fretted that a...

2008-07-26 00:00:31

U.S. regulators approved a merger Friday night between XM Satellite Radio and Sirius Satellite Radio. Approval by the Federal Communications Commission was delayed because one commissioner, Deborah Tate, refused to vote for the merger until FCC Chairman Kevin Martin voted to fine the two companies for technical violations, The Washington Post reported. Both votes were tie-breakers. The two companies first decided to merge 18 months ago. The deal creates a $13 billion satellite...

2008-07-24 18:00:27

Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. may get a green light on their merger if they pay about $20 million in fines, sources said. Federal Communications Commissioner Deborah Tate would cast the deciding vote in favor of the merger if the companies pay the fines for various violations on tower locations and power limits, sources told The Wall Street Journal. The combined companies, once rivals, are worth $7.5 billion, the Journal reported. The merger includes...

2008-06-18 03:05:00

The static over a planned merger between XM Satellite Radio and Sirius Satellite Radio may finally be clearing. U.S. regulators are likely to give their blessing to the transaction, imposing conditions that both sides have said they're willing to accept and analysts say neither side will find too onerous. Federal Communications Commission Chairman Kevin Martin on June 16 said he would give a green light to the deal, assuming XM (XMSR) and Sirius (SIRI) make some concessions aimed at ensuring...

Word of the Day
  • Good cheer; viands.
  • To revel; to feast.
The word 'bellycheer' may come from 'belle cheer', "good cheer".