Cable tycoon John Malone's Liberty Media (DirecTV, Starz, interests in Discovery, QVC, GSN) has loaned the struggling merged satellite radio service $350M in exchange for 40 percent of common stock and seats for Liberty on Sirius XM's board--but Mel Karmazin avoided bankruptcy, a takeover bid by DirecTV's competitor Echostar (Dish Network) and retains control of his empire (not to mention Howard Stern):
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