Sirius stock soars on Karmazin addition
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Investors are tuning in to news that the subscription-based programmer has tapped Mel Karmazin, the former Viacom president, to be its new CEO.
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NEW YORK -- Mel Karmazin, former president of media conglomerate Viacom Inc. , is joining Sirius Satellite Radio Inc. as chief executive, replacing Joseph Clayton, who is staying on as chairman, the company said yesterday.
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Shares of Martha Stewart's company surged today after the media and merchandising company said it would announce details of a new television show later in the day.
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Mel Karmazin, the former president of media conglomerate Viacom Inc., is joining Sirius Satellite Radio Inc. as CEO, replacing Joseph Clayton, who is staying on as chairman, the company announced Thursday.
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Former Viacom (NYSE: VIA) Chief Operating Officer Mel Karmazin being named CEO at Sirius Satellite Radio (Nasdaq: SIRI) shouldn&#39;t have come as much of a surprise.
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Sirius Satellite Radio Inc. (SIRI.O: Quote, Profile, Research) on Tuesday said its subscriber base has exceeded 700,000 and repeated that it is on track to meet its full-year target of 1 million subscribers.
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The nation&#39;s two satellite radio providers posted huge subscriber gains in 2004 and expect to grow even faster next year as automakers offer the receivers in more vehicles.
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Satellite radio wins the market's straw poll by landing its two key players into the Nasdaq-100 Composite.
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Satellite radio is ready for your ears and maybe your portfolio.
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Shares of Sirius Satellite Radio  SIRI.O rose 3.3 percent on Monday after it said it surpassed  its full year 2004 target of 1 million subscribers, boosted by  a strong holiday shopping season.
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A major Taiwanese maker of satellite radios and components stands to benefit from theÂ proposed mergerÂ between two U.S. companies, Sirius Satellite RadioÂ and XM Satellite Radio Holdings, lifting its stock higher in Taipei on Monday.
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Sirius Satellite Radio plans to buy larger U.S. rival XM for $4.6 billion in stock to bring entertainers such as Oprah Winfrey and shock-jock Howard Stern under one roof, but a top regulator said the deal would face a tough time winning approval.
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NEW YORK, December 28  - Sirius Satellite Radio Inc (SIRI.NAS) announced yesterday that it had surpassed its year-end target of one million subscribers.
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Seven-figure deal. Fueled by strong holiday sales and a year of aggressive moves, Sirius Satellite Radio (nasdaq: SIRI - news - people ) now has 1 million subscribers.
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Sirius Satellite Radio  ended  2007 with more than 8.3 million subscribers, a 38 percent rise  that met its target for the year.
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Sirius Satellite Radio agreed to buy larger U.S. rival XM Satellite Radio for $4.6 billion in stock on Monday in a deal that gives all subscribers access to entertainers such as Oprah Winfrey and shock-jock Howard Stern.
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The two main U.S. satellite radio providers, Sirius Satellite Radio and XM Satellite Radio on Monday said they would merge in a stock-for-stock deal, a move that has been long expected in the young industry.