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Greg Maffei, president and CEO of Liberty: "SIRIUS XM's ability to grow subscribers and revenue in a difficult financial and auto market is indicative of how listeners view this as a "must have" service."
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John Malone's Liberty Media has agreed to invest a total of $530 million in Sirius XM Satellite Radio, allowing the beleaguered radio company to avoid a Chapter 11 bankruptcy filing, the companies said Tuesday.
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"John Malone’s Liberty Media is expected to offer about $250m in a senior secured loan on Tuesday as the first step in a “multi-stage†deal to rescue Sirius XM ahead of an imminent debt deadline, one person familiar with the satellite radio group’s discussions said."
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I want it.
links for 2009-02-16
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Impressive directory of businesses on Twitter (via @briansolis)
links for 2009-02-15
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"Twitter may just be a collection of inane thoughts, but in aggregate that is a valuable thing. In aggregate, what you get is a direct view into consumer sentiment, political sentiment, any kind of sentiment. For companies trying to figure out what people are thinking about their brands, searching Twitter is a good place to start."
links for 2009-02-13
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I had hoped to find the trend's Patient Zero, but there's likely no single person who conceived of this scheme. But the absence of a singular "25 Things" creator reveals something much more interesting: Facebook organisms are not created by intelligent design. They evolve.
links for 2009-02-12
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"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."