TheStreet.com RealMoney

Sirius Fight Will Be Great for Senior Debt

By Jim Cramer

 About this article:
 Sirius is a classic case of a company that could be huge, but a debt obligation that's even more huge. You know it is huge because the quality of the buyers: Charlie Ergen and now John Malone from Liberty , something we learned last night when the always sharp Andrew Ross Sorkin broke the story of Malone's interest in owning the company. These two are the kings of the subscription game, and they know a bargain when they see one. You can only imagine how terrific a package DirectTV could offer to Sirius listeners. One bill -- they would love it! The cross-promotion on the sports packages alone would be worth a lot of the cost of the deal for Ergen. Right now Ergen's got the edge -- he owns a lot of the debt. But until the company gets thrown into bankruptcy, I believe...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.



Already a RealMoney subscriber? LOG IN.
Username: Page data is submitted securely.
Password:
Forgot your Password? Click here


100% Money-Back Guarantee
If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.




If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.