Free Republic

Satellite radio company faces $1 billion debt, hurt by lagging car sales Barely three months after the long-delayed merger of satellite radio companies Sirius and XM, the newly combined Sirius XM Radio is struggling to stay afloat. The company has just another three months to start paying down more than $1 billion in debt that's maturing in 2009 at a time when credit markets are freezing up. It remains heavily dependent on automobile sales for new subscriber additions just as U.S. car sales are tanking. And its stock price is in a yearlong free-fall that has sparked an investor lawsuit....

New York, NY (AHN) - After its recent merger was finally completed, the Sirius-XM satellite radio company is moving ahead with new products, including an all-in-one radio that allows consumers to receive all its channels on one product. The company's product, called The Mirge, allows subscibers of its all in one programming package to listen to Sirius XM's entire catalog of programming, including coverage of every major sports league and many college sports games. The biggest difference between The Mirge, and all of Sirius-XM's other radios is that Sirius subscribers can finally have access to MLB game coverage, previously only...