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Sirius Stock Deal Erases Debt

In August, the future looked cloudy for Sirius">http://www.sirius.com">Sirius Satellite Radio, Inc. Despite the eventual commercial promise of satellite radio, the startup suffered from massive debt accrued during its development and from a slow initial subscription rate. Company officials had discussed a possible">http://www.stereophile.com/news/11421/">possible bankruptcy filing if additional financing couldn't be found.

Sirius Surges

Industry observers have long debated the ultimate fate of satellite broadcaster Sirius Radio. Front-runner XM Radio, with more than two million subscribers, is already above the break-even point, but for many months Sirius struggled against technical problems and overwhelming debt. Would the fledgling survive, get devoured by its larger competitor, or worse, get picked up in a fire sale by Rupert Murdoch's News Corp.?

Sirius to Go

Sirius">http://www.siriusradio.com">Sirius Satellite Radio may be positioned to make the next great leap forward. In mid-May, Kenwoodhttp://www.kenwoodusa.com">Kenwood; and Audiovoxhttp://www.audiovox.com">Audiovox; announced the first transportable receivers, which will let Sirius listeners enjoy the service wherever they go—home, office, boat, beach, etc—not only in the comfort of their cars.

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