Sirius XM Gets Bailed Out By Owners of QVC, Avoids Bankruptcy ScareS

Liberty Media (proud owners of Starz, QVC and a 48% chunk of DirecTV) made a last-minute deal with Sirius XM, whose impending bankruptcy would have been the second biggest Chapter-11 filing this year.

Even though service would have likely continued uninterrupted had the freshly-merged company actually filed for bankruptcy, Sirius XM's days of luring in top radio jock talent on big contracts would have likely been over. Now, thankfully, we can carry on without skimping on the Howard Stern. [NY Times]