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Liberty Media’s investment in Sirius XM Radio’s debt has returned about $175 million, chief executive Greg Maffei said.
Liberty made about $75 million on Sirius XM’s senior debt and about $100 million on the satellite-radio company’s junior debt, Maffei said Tuesday at the UBS Global Media and Communications Conference in New York.
The Douglas County-based company loaned $530 million to Sirius XM in February to help prevent the broadcaster from filing for bankruptcy protection.
