Sirius XM Radio (SIRI) -34% premarket after reports it has hired bankruptcy advisors. Sources...

|About: Sirius XM Holdings Inc. (SIRI)|By:, SA News Editor

Sirius XM Radio (SIRI) -34% premarket after reports it has hired bankruptcy advisors. Sources say satellite mogul Charles Ergen wants to inject hundreds of millions into the company in exchange for control, but SIRI appears uninterested. It needs to raise $175M by Feb. 17 to repay bonds held by EchoStar (SATS).