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Karmazin Named Chief Executive Officer of SIRIUS Satellite Radio
http://biz.yahoo.com/prnews/041118/nyth167_1.html ^ | 11/18/04

Posted on 11/18/2004 2:28:58 PM PST by icecold

NEW YORK, Nov. 18 /PRNewswire-FirstCall/ -- The Board of Directors of SIRIUS Satellite Radio (Nasdaq: SIRI - News) has named Mel Karmazin as Chief Executive Officer. He succeeds Joseph P. Clayton, who will remain at SIRIUS as Chairman of the Board of Directors Mr. Karmazin, who served as President and CEO of Viacom until earlier this year, said, "This is a perfect opportunity for me because I want to lead a growth company that can reshape the landscape of the radio business. I took Infinity Broadcasting and Westwood One to leadership positions in the industry and am confident that SIRIUS will become a market leader in short order. I will inherit a first-class management group led by co-presidents Scott Greenstein and James Meyer. I look forward to working closely with Joe Clayton and the strong team that he has assembled."

(Excerpt) Read more at biz.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS: karmazin; radio; satelliteradio; sirius
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1 posted on 11/18/2004 2:28:59 PM PST by icecold
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To: icecold

Isn't Stern leaving Infinity to go to Sirius? Do I have the story right?


2 posted on 11/18/2004 2:32:40 PM PST by ilgipper
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To: icecold

Bought in for a penny, now up to a pound. Wheee!


3 posted on 11/18/2004 2:33:09 PM PST by Ruddles
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To: ilgipper

yes...and mel karmazin will be the new CEO of Sirius


4 posted on 11/18/2004 2:33:38 PM PST by icecold
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To: icecold

I'm glad private radio is taking off, but I don't think it will do well. Once the price goes to nearly free instead of $10 or $20 a month, it'll be worth it. Until then, it's just not something I'd see most people paying for--and buying a radio for.

Now, if they offered a Stern-plus package, for $15 a year and a free radio, people would buy in droves.


5 posted on 11/18/2004 2:33:48 PM PST by LibertarianInExile (NO BLOOD FOR CHOCOLATE! Get the UN-ignoring, unilateralist Frogs out of Ivory Coast!)
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To: ilgipper

Yep.


6 posted on 11/18/2004 2:34:06 PM PST by LibertarianInExile (NO BLOOD FOR CHOCOLATE! Get the UN-ignoring, unilateralist Frogs out of Ivory Coast!)
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To: ilgipper

Yes , You are correct, time to buy some stock,MEL=$$$$$$$$


7 posted on 11/18/2004 2:34:16 PM PST by cmsgop ( Who's High Pitch ?)
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To: LibertarianInExile

no commercials is worth $10 for me


8 posted on 11/18/2004 2:35:02 PM PST by icecold
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To: ilgipper

Yes, though Stern has something like a year left on his Infinity contract. He wants to leave sooner though. Stay tuned.


9 posted on 11/18/2004 2:35:50 PM PST by Ruddles
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To: icecold

Absolutely. XM rocks!


10 posted on 11/18/2004 2:36:06 PM PST by glock rocks (taxes lower, door locked, gun loaded.)
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To: glock rocks

Im sure it does but so does Sirius!!! :)


11 posted on 11/18/2004 2:37:03 PM PST by icecold
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To: Ruddles

I don't think Stern will make it to Jan 2006,not at this rate.


12 posted on 11/18/2004 2:37:39 PM PST by cmsgop ( Who's High Pitch ?)
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To: icecold

They are shipping money out in train car loads. What is flowing in? I know it will be a century or two before I start paying for radio.


13 posted on 11/18/2004 2:37:45 PM PST by thegreatbeast (Quid lucrum istic mihi est?)
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To: icecold
XM-radio, the competition, is $9.95 a month. Sirius is $12.95, and how long do you think it will stay that way, with Howard Stern getting a $100 mil contract and Mel Karmazin getting who knows how much?

I was seriously pricing the two systems, Sirius and XM, just at the time that Stern made his move. That stopped my efforts cold.

Sure, commercials are annoying. But it's still cheaper to hang on local talk radio. Price is the bottom line for me.

14 posted on 11/18/2004 2:38:41 PM PST by Ciexyz (I use the term Blue Cities, not Blue States. PA is red except for Philly, Pgh & Erie.)
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To: LibertarianInExile

I don't one person that watches or listens to Stern.


15 posted on 11/18/2004 2:38:48 PM PST by blackie (Be Well~Be Armed~Be Safe~Molon Labe!)
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To: LibertarianInExile

I love my Sirius radio. I have to drive 2-3 hours every day and I have so many options available. It's nice to have FOX News in your car when there are so many breaking stories. They have a "Talk Right" and "Patriot" station which has Tammy Bruce and Tony Snow among others.


16 posted on 11/18/2004 2:41:03 PM PST by toomanygrasshoppers ("Hold on to your hats.....it's going to be a bumpy night")
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To: Ciexyz

DISH has Sirius music ~ I like channel 6072 the best. :)


17 posted on 11/18/2004 2:41:46 PM PST by blackie (Be Well~Be Armed~Be Safe~Molon Labe!)
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To: icecold

I have both.


18 posted on 11/18/2004 2:41:55 PM PST by glock rocks (taxes lower, door locked, gun loaded.)
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To: blackie

but Sirius does have Laura Ingraham too


19 posted on 11/18/2004 2:42:00 PM PST by icecold
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To: Ciexyz

XM just paid twice Stern's contract for MLB


20 posted on 11/18/2004 2:42:41 PM PST by icecold
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