This Sirius XM bankruptcy story is starting to read like some trashy novel. There’s now word that DirecTV is getting involved, with the CEO of its parent company Liberty Media, one John C. Malone, offering to bail out the troubled satellite radio company. Some see it as a genuine offer, while others see it merely as a ploy to jack up the price for Malone’s rival at EchoStar (Dish Network), Charles… → Read More
Adios, Circuit City. You will be remembered forever as a not-good-enough version of Best Buy (even though Best Buy is pretty suspect, too.) Yes, Circuit City has officially filed for Chapter 11 bankruptcy protection. It did so last week, when we were busy talking about store closings and fake sales. It is, I think, the biggest tech-realted failure (if that’s the right word to use) of the… → Read More
Late Friday night the hippest MVNO next to Helio filed for Chapter 11 due to rapid growth and a back-end infrastructure that was unable to handle its 200K subscriber base. Amp’d claims they just need to restructure, but maybe it’s because they owe Verizon $33 million and a total debt of around $100 million. I’m no finance guy, oh wait, yes I am, but that’s probably why… → Read More
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