Dec 12, 2015 at 5:06PM Sirius XM () has had a troubled existence dating back to when it was two separate satellite companies. Before the 2008 merger, neither company had the critical mass of subscribers needed to support their huge programming costs. Even after the deal went through, then-CEO Mel Karmazin needed to make a deal with Liberty Media in2009 to avoid a bankruptcy filing. Liberty remains the company's majority owner and it now has plans to spin off a tracking stock to follow its interests in the much healthier companies. Since those desperate days when it needed Liberty's help, the lone remaining satellite radio company has grown and stabilized. The company makes money now and its CEO was nothing but positive in the company's most recent third-quarter earnings release. 'With subscribers at an all-time high of nearly 29 million and record adjusted EBITDA and adjusted EBITDA margin, our third quarter was one of the strongest performances in our company's history,' said CEO Jim Meyer.

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