Washington - Shareholders of Sirius XM Radio (NASD: SIRI) have approved two new measures aimed at bolstering the company's lagging stock price and paying down debt.

One measure increases the number of company shares from 4.5 billion to 8 billion, while a second move gives the company's board the power to effect a reverse stock split of between 1-for-10 and 1-for-50.

The stock opened at $0.14 on Friday, down from nearly $4 a year ago.

The New York-based company, which has major operations in DC, also has about $1 billion in debt set to mature next year.

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