Mandi Bierly
February 12, 2009 AT 10:42 PM EST

Sirius XM Radio is still looking for a way out of its financial troubles that doesn’t involve filing for bankruptcy or relinquishing control to Charles Ergen, CEO of EchoStar and Dish Network. Sirius XM Radio CEO Mel Karmazin is reportedly in talks with John Malone, chairman of Liberty Media Corporation, the largest shareholder in DirecTV.

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