Ex-Viacom Chief Karmazin Joining Sirius Satellite Radio
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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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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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Howard Stern, the ribald radio host  who has become a poster boy for bad behavior on U.S. airwaves,  will jump to Sirius Satellite Radio in January 2006, freeing  him from the grips of regulators and giving the nascent  satellite radio sector a big boost.
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JUST IN Satellite radio providers XM and Sirius confirmed the rumors Monday, announcing a surprise $13 billion merger of equals, which would keep Sirius CEO Mel Karmazin and XM Chairman Gary Parsons in their respective roles.
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Shock jock Howard Stern is leaving commercial broadcasting and will move his syndicated program to Sirius Satellite Radio Jan. 1, 2006.
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Love him or hate him, he delivers the goods. Howard Stern&#39;s five-year deal with Sirius Satellite Radio (nasdaq: SIRI - news - people ) helped it to add more than 69,000 new subscribers in September to pass the 700,000 mark.
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Description: NPR&#39;s Alex Chadwick talks to Tess Vigeland of Marketplace about &quot;shock jock&quot; Howard Stern&#39;s recent decision to leave his radio post at Infinity Broadcasting and to switch to Sirius Satellite Radio in January 2006.
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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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A month after signing Stern to a five-year deal, Manhattan-based Sirius said yesterday its new chief executive is Mel Karmazin, the former head of media conglomerate Viacom who was successful
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The FCC is being cut out of the loop (thank God) via Sirius, its management, Howard Stern and the legendary Mel Karmazin. XM Radio is playing a leading role now, but the real noise is being generated by Sirius.
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NEW YORK - Top-ranked shock jock Howard Stern said Wednesday that he will abandon his syndicated morning radio show to join Sirius satellite radio in 15 months, freeing him from government regulators and allowing him to "bring my fans my show my way."  "I've decided what my future is," Stern told his millions of listeners in announcing his five-year, multimillion-dollar contract. "It's not this kind of radio any more."   Stern, who battled for years with the FCC and conservative critics over his salacious show's content, will move to the national distributor of commercial-free music and sport programming when his contract with Infinity Broadcasting expires in 15 months...
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If you want to hear Howard Stern, starting in January 2006, you&#39;ll need to shell out $12.95 a month for satellite radio. Sirius, the No.
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HOWARD Stern, the New York radio star with the super-sized hair and ego, has given censors the finger by announcing a $US500 million ($690 million) deal to move over to the fledgling and largely unregulated airwaves of satellite radio.
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Viacom Inc. named Joel Hollander chairman and chief executive of its Infinity radio unit to replace John Sykes, who will move on to Viacom's MTV Networks.
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The head of the National  Association of Broadcasters is urging Sirius Satellite Radio  CEO Mel Karmazin to end his attempt to merge the nation&#39;s two  satellite radio companies and accusing the executive of  misleading the public about the deal&#39;s benefits.
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NEW YORK_Sirius Satellite Radio Inc. is bringing in another big gun from the media world, tapping Mel Karmazin, the former president of media giant Viacom Inc.