Entries tagged "Mel Karmazin"
Mel Karmazin's deal with John Malone's Liberty Media helps Sirius XM end its troubles with Charlie Ergen, but it doesn't end the possibility of a bankruptcy filing.
With a plot resembling a Hollywood movie, Sirius XM's Mel Karmazin is frantically seeking a white knight to thwart long-time rival Charlie Ergen from snapping up the media company.
Sirius seems stuck between a rock and a hard place. Should the company accept Echostar's capital injection, it would have to cede control to an industry rival.
Even in the teeth of a recession, Mel Karmazin expects newly formed satellite radio company Sirius XM Radio Inc. to show a huge swing in profitability in the coming year. Karmazin told investors at the Media and Money conference in New York on Tuesday that the company expects to go from negative $400 million Ebitda this year to $300 million in 2009. ...
Mudslinging over the pending merger of satellite radio services XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. is getting as dirty as a presidential election. ...
