Sirius XM, DirecTV In Talks As Karmazin Tries To Fend Off Ergen

03/15/2009 05:12 am ET | Updated May 25, 2011
  • ANDREW ROSS SORKIN and ZACHERY KOUWE New York Times

Sirius XM Radio, the satellite radio giant that is on the brink of bankruptcy, is in preliminary talks with Liberty Media, the conglomerate controlled by John C. Malone, people briefed on the negotiations said on Wednesday.

Liberty Media, the conglomerate controlled by John C. Malone, is in preliminary talks with the satellite radio giant Sirius XM Radio, people briefed on the negotiations said.

A deal between Sirius XM and Liberty, which owns a controlling interest in DirecTV, could create a battle for control of the satellite radio company.

EchoStar, the television satellite company, has been acquiring Sirius XM's debt and has been angling to take over the company as part of a negotiation to keep Sirius from falling into bankruptcy. DirecTV is the nation's largest satellite television provider by subscribers, ahead of the Dish Network from EchoStar.

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