Full FeedLiberty Media steps in to save Sirius XM, loans them $530 million
Just last week it appeared like a bankruptcy was the inevitable for satellite provider Sirius XM, but how quickly things can change. Liberty Media Corporation has just stepped in and saved them with a loan for a whopping $530 million. The loan will be given in two parts with the… Continue Reading »
Sirius XM preparing for potential bankruptcy
New reports are claiming that Sirius XM is “within days” of filing for Chapter 11 bankruptcy. According to a New York Times report, the company is currently “working with advisers to prepare for a possible bankruptcy filing.” So, as of now, they are considering the option, which means they have… Continue Reading »
Circuit City files for Chapter 11, bankruptcy protection
Just last week, Circuit City announced plans to close a fifth of its stores. This morning, they just filed for Chapter 11 protection in the U.S. Bankruptcy Court. The petition for Chapter 11 protection in U.S. Bankruptcy Court in Richmond, Virginia, listed $3.4 billion in assets and $2.32 billion in… Continue Reading »
Satellite Radio in Trouble
Satellite radio took a hit this past week as WorldSpace filed for Chapter 11 bankruptcy. Only two weeks ago, both Chief Operating Officers resigned. WorldSpace is a subscription-based service that broadcasts news, sports, music and educational programming to over 150,000 people. They charge $5.00 - $10.00 per month for their… Continue Reading »
RIP Olevia; Syntax-Brillian Corp files for bankruptcy
The Tempe, Arizona based Syntax-Brillian Corp has filed for Chapter 11 bankruptcy, after weak sales and numerous other problems. The corporation, formed when Syntax Group and Brillian Corp merged, is the parent of the Olevia brand of LCD TVs, which will no longer be produced. Syntax-Brillian’s assets were worth $175.7… Continue Reading »
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Who's on Crack in Tech?
Gadgetell's own version of William Shatner, JG Mason tackles the seemingly bizarre moves in the tech world. Catch his Friday column to see who gets called out this week..
Palm Pre and Palm Pixi Information
Interested in Palm? Want to know more about webOS, the Pre or the Pixi? Not to worry because Gadgetell's got the latest news and information right here.
