Bankruptcy Watch: Sirius XM May Be On The Verge—Or Wind Up Owned By EchoStar

Looks like Mel Karmazin may be about to bite the bullet at Sirius XM (NSDQ: SIRI) Satellite Radio: The New York Times cites sources close to the company who say the company could file for Chapter 11 bankruptcy within days. The sources tell the NYT that Sirius XM has been working with restructuring expert Joseph A. Bondi of Alvarez & Marsal and bankruptcy lawyer Mark Thompson of Simpson,...