Home Music Industry News Sirius CEO Reaches Out To New Investors To Save Company

Sirius CEO Reaches Out To New Investors To Save Company

chris brown

XM chief executive Mel Karmazin is reaching out to potential investors. His company has $175 million in debt due Tuesday, and $350 million more due in May. The company has begun to fill out paperwork in the event it needs to seek bankruptcy protection for the satellite radio operator that hosts shock jock Howard Stern.

But Karmazin’s options may be limited.

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