Sunday, April 1, 2012

Liberty Media out to control Sirius-XM

Sirius XM Radio is trying to block what could be the first move by Liberty Media Corp. to gain control of the satellite broadcaster. Liberty, which has preferred stock convertible into 40% of Sirius shares, has asked the Federal Communications Commission for permission to take "de facto" control of the satellite broadcaster, Sirius revealed in an FCC filing on Friday. Sirius has asked the FCC to "dismiss or deny" the application.  Wall Street Joutrnal

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