Ex-Viacom president gets hired by Sirius
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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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In the radio industry, Sirius Satellite Radio chief executive Mel Karmazin is like Bono or Prince or Charo: One name is sufficient. Say "Mel," and everyone knows who you're talking about.
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(InfoWorld) - The U.S.'s two satellite radio operators, Sirius Satellite RadioÂ and XM Satellite Radio Holdings announced Monday they plan to merge, pending a potentially difficult approval process. The all-stock deal will see XM shareholders receiving 4.6 shares of Sirius stock for each XM share they own. The new company would be worth $13 billion, based on the companies' estimates, although neither company has ever turned a profit. Sirius and XM combined lost over a billion dollars last year on total revenues of about $1.5 billion. Because the two are the only companies licensed by the U.S. Federal Communications Commission (FCC) to offer satellite radio services, the merger may face regulatory opposition over creating an industry giant that would be hinder competition. Sirius CEO Mel Karmazin will become the new company's CEO, with Gary Parsons, currently XM's chairman, set to become its new chairman. Executives from both companies will continue in their present roles until the deal closes, expected by the end of 2007. The two companies pioneered the concept of subscription-based radio services, delivered nationwide via satellite. Both Sirius and XM charge subscribers $12.95 per month for their services. Sirius surprised the radio world in 2004 when it signed shock-jock Howard Stern to a five-year, $100 million contract. Stern remains the network's chief draw of over 130 channels, which includes NFL game broadcasts and related talk shows. XM has about 160 channels and counts talk-show and entertainment titan Oprah Winfrey among its celebrities. XM claims 7.6 million subscribers, and Sirius 6 million.
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Howard Stern will leave a very different company than the Infinity Broadcasting he first joined in 1985. The Viacom-owned radio giant started out a
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The hard-charging broadcasting executive, formerly of Viacom Inc., is taking the command post at Sirius and reuniting with longtime ally Howard Stern. -The Washington Post
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Gadget maker Sling Media Inc. said it  plans to announce on Thursday that it has hired two former MTV  Networks executives to head a new interactive programming  division.
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Shares of Sirius Satellite Radio posted double-digit percentage gains on Friday, one day after the company said former Viacom President Mel Karmazin would become its new chief executive.
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Top-ranked shock jock Howard Stern says he is leaving Infinity Broadcasting Corp. to join Sirius satellite radio, beginning in January 2006, where he'll get the national audience he has coveted.
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Hours after his close associate Howard Stern addressed a teeming crowd about the benefits of Sirius Satellite Radio, former Viacom Chief Operating Officer and President Mel Karmazin announced that he has signed onto the fledgling company as CEO.
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NEW YORK - Howard Stern, the controversial talk radio host who is the scourge of conservative Americans, is quitting Viacom to host his show on the satellite radio service Sirius as part of five-year, multimillion-dollar deal.
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Viacom co-president and CBS Chairman Leslie Moonves officially whacked the head of the media conglom&#39;s television studio yesterday, and divvied up the job among loyal CBS staffers.
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By Frank Ahrens, Washington Post Staff Writer  In the radio industry, Sirius Satellite Radio chief executive Mel Karmazin is like Bono or Prince or Charo: One name is sufficient. Say "Mel," and everyone knows who you're talking about.
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Howard Stern&#39;s planned defection is a tremendous coup for the emerging satellite radio industry and a setback for the already slumping field of traditional radio -- especially Viacom, which
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Sirius finally makes a move to matter in video.
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Howard Stern, the top-ranked radio disc jockey, is leaving Infinity Broadcasting to join Sirius satellite radio, beginning in January, 2006.
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First it was Tom Cruise. Now Viacom CEO Tom Freston is out. But the entertainment mogul's moves are getting mixed reviews in Hollywood
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Top US media mogul Mel Karmazian, former president of Viacom, has joined Sirius Satellite Radio as its chief executive. The announcement came Thursday, a month after the new broadcasting medium signed radio