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Business Briefing / Broadcasting

No merger of Sirius, DirecTV

February 26, 2009|Times Wire Reports

Cable giant Liberty Media Corp. doesn't plan to combine the satellite operations of DirecTV Group Inc. with Sirius XM Radio Inc., Chief Executive Greg Maffei said.

Bundling subscriptions to DirecTV and Sirius XM may be an "opportunity down the road," Maffei said in a conference call after Liberty Media in Englewood, Colo., reported fourth-quarter results.

Last week Liberty agreed to buy a 40% stake in Sirius XM in exchange for $530 million in loans to help the pay-radio company avoid bankruptcy.

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