Mel Karmazin

  1. SiriusXM Launches MySXM Interactive Internet Radio Feature

    April 15, 2013 1:49 PM EDT SiriusXM Satellite Radio launched its answer to Pandora on Monday. Called MySXM, the feature creates an interactive Internet radio service by allowing users to personalize existing SiriusXM stations. The feature is available to all subscribers ...

  2. Former Sirius XM Radio CEO Mel Karmazin Earned $11 Million in 2012

    April 11, 2013 6:39 AM EDT Mel Karmazin earned $11 million in 2012, his last year as CEO of Sirius XM Radio, up from $10.7 million the previous year. Karmazin, who relinquished his role in December as Liberty Media was taking control of it through stock purchases, earned ...

  3. Business Matters: Who Might Pandora's Next CEO Be?

    March 08, 2013 3:54 PM EST In the flurry of words written about Pandora over the past months and years, people tend to forget what it actually is. Pandora is not a social media company, although you might think otherwise reading some financial magazines. It’s not an Inte ...

  4. The Satellite Question: Why SiriusXM Should Pay Higher Performance Royalties to Artists

    February 22, 2013 3:06 PM EST On Feb. 14, the Copyright Royalty Board issued a “final determination” setting SiriusXM’s statutory sound recording performance royalty rate for 2013 at 9% of “gross revenue.” This rate is too low by several percentage points, depriving artists an ...

  5. Sirius XM Posts Record Revenue, Talks About Upcoming Internet Radio Service

    February 05, 2013 10:29 AM EST Sirius XM Satellite Radio reported record revenue and earnings Tuesday as it opened the door on a new product: Internet radio. The company's 2012 revenue grew 13% to a record $3.4 billion while adjusted earnings before interest, taxes, depr ...

  6. Business Matters: New Sirius XM CEO to Face New Set of Challenges

    December 19, 2012 9:00 PM EST It's a new era for Sirius XM Radio. The company announced Wednesday that James E. Meyer has been named company's interim CEO , effective immediately. Meyer, the president of sales and operations, takes over for Mel Karmazin, who had prev ...

  7. Jim Meyer Appointed Interim CEO of SiriusXM, Mel Karmazin Officially Steps Down

    December 19, 2012 9:48 AM EST SiriusXM Radio today named James E. Meyer Chief Executive Officer, on an interim basis effective immediately following the announced departure of Mel Karmazin. Mr. Meyer, who was SiriusXM's President of Sales and Operations, will also join th ...

  8. SiriusXM CEO Karmazin Calls Internet Radio 'Race to the Bottom' on Earnings Call

    November 01, 2012 10:46 AM EDT Outgoing SiriusXM CEO Mel Karmazin slammed the business model behind personalized Internet radio services during an otherwise upbeat third-quarter earnings call Thursday. While advertising-based Internet radio company Pandora has yet to turn a pro ...

  9. Morning Fix: Taylor Swift's 'Red' Juggernaut; Apple iPad Mini's Maxi Price; Karmazin Out at SiriusXM

    October 24, 2012 8:04 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters TAYLOR SWIFT'S 'RED' TO SELL 1 MILLION IN FIRST WEEK: Taylor Swift is poised to become the first female artist in the Nielsen SoundScan era (1991 to present) ...

  10. Mel Karmazin to Step Down From SiriusXM

    October 23, 2012 4:41 PM EDT SiriusXM Radio today announced that Mel Karmazin told its board of directors that he will be leaving the company on February 1, 2013, according to multiple media outlets . He will also leave the company's board on that date. Karmazin's d ...

  11. John Malone is Quite The Risk Taker

    October 15, 2012 8:27 AM EDT The billionaire might be making more music investments like AEG. John Malone, the billionaire investor most responsible for cable TV's presence in more than 100 million U.S. homes today, is doubling down on his two music-led investments and ...

  12. Business Matters: Sirius XM Raises Forecast for Subscriber Growth

    October 11, 2012 7:33 PM EDT Sirius XM upped its forecast for net subscriber growth for the third time this year. The satellite radio company announced on Wednesday that net additions in the third quarter jumped 34% to 445,921% from 3334,000 in the prior-year period. Sirius e ...

  13. Morning Fix: Spotify on TV; Pandora's Payments Explained; New Rolling Stones Single; Eno's Album App

    October 11, 2012 9:10 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters MACKLEMORE & RYAN LEWIS' HEIST ALBUM HEADING FOR BIG BILLBOARD 200 DEBUT: Seattle rapper Macklemore and producer Ryan Lewis are headed for the biggest debut on the ...

  14. Liberty Media Sees Share Repurchases, Dividends and a Spin Off Once it Controls Sirius XM Radio

    September 12, 2012 9:54 PM EDT Liberty Media CEO Greg Maffei hinted at share repurchases and dividends when his company takes over Sirius XM Radio but didn't give specific clues as to operational changes. "It could become the core of what Liberty Media is," Maffe ...

  15. SiriusXM CEO Mel Karmazin: 'My Instincts Are That Liberty Does Not Need Me'

    September 12, 2012 1:51 PM EDT Liberty Media could announce as early as Wednesday that it has acquired a controlling stake in Sirius XM Radio, the satellite service's CEO Mel Karmazin said. He also indicated that Liberty may not want him around much longer. "My instin ...

  16. Morning Fix: Tupac Hologram Company Goes Broke, More Coachellas? J.Lo's Cable Channel, iPhone 5!

    September 12, 2012 7:30 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters: Breaking News, Touring, Top 40, Country and many more. AEG ATTORNEY FIRES BACK OVER MICHAEL JACKSON EMAILS: 'NOBODY IS TELLING THE STORY PROPERLY': A series of c ...

  17. Liberty Media Raises Stake In SiriusXM Again To 48.8 Percent

    August 29, 2012 12:50 PM EDT John Malone's Liberty Media continues to slowly raise its stake in Sirius XM Radio. The satellite radio firm, led by CEO Mel Karmazin, reported in a regulatory filing late Tuesday that Liberty has bought additional stock to take its ownership ...

  18. Morning Fix: Bertelsmann IPO?: Liberty's Sirius XM Stake; RealNetworks Layoffs; Pinterest's Sales Issue

    August 29, 2012 7:47 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters. MTV, TROJAN TEAM UP FOR FIRST VMA SPONSORSHIP FEATURING LMFAO'S SKYBLU: In a first for the sexual health category , MTV is teaming up with Trojan condoms for a multi- ...

  19. Liberty Media Applies for Control of Sirius XM Radio

    August 17, 2012 9:19 PM EDT Billionaire media-mogul John Malone and his Liberty Media moved a step closer on Friday to taking control Sirius XM Radio. In a filing with the FCC, Liberty asked permission to take "de jure" control over Sirius XM, having already failed ...

  20. Business Matters: SiriusXM Adds On-Demand Music and 600,000 Subscribers

    August 07, 2012 9:13 PM EDT SiriusXM Adds On-Demand Music and 600,000 Subscribers -- SiriusXM is the latest radio company to launch an on-demand service that allows people to listen to what they want, when they want. Well, sort of. Launched Tuesday, SiriusXM On Demand gives ...

  21. Business Matters: Global iTunes Revenue Falls in Successive Quarters

    July 25, 2012 6:35 PM EDT iTunes Expanded, But Revenue Dropped in Fiscal Q3 iTunes started showing its age as its revenue dropped $100 million to $1.8 billion in Apple's fiscal third quarter from $1.9 billion in the fiscal second quarter. The decline occurred even tho ...

  22. Sirius XM Adds More Subscribers Than Expected in Q2

    July 09, 2012 8:55 AM EDT Sirius XM Radio said Monday that it added 622,042 net subscribers in the second quarter, a record since the merger that created the satellite radio firm. The sub growth was better than most on Wall Street had expected and up 38 percent from the 45 ...

  23. Liberty Media Unveils New Plan to Take Control of Sirius XM Radio

    June 01, 2012 6:31 AM EDT John Malone's Liberty Media on Thursday filed details about its new plan to take control of satellite radio firm Sirius XM Radio over time by taking over its board. FCC Rejects Liberty Media's Request to Control Sirius XM Radio The plan ...

  24. FCC Rejects Liberty Media's Request to Control Sirius XM Radio

    May 04, 2012 8:50 PM EDT The FCC has dismissed a request made March 20 by Liberty Media to temporarily control Sirius XM Radio. Liberty, controlled by John Malone, had sought jurisdiction over the satellite radio company despite owning only enough convertible stock to tra ...

  25. Business Matters: Sirius XM to Offer Personalized Radio

    May 01, 2012 5:10 PM EDT Sirius XM To Dive Into Personalized Radio Internet radio is going to become even more competitive. Sirius XM is following Clear Channel and Pandora into the personalized radio business, the company announced Tuesday. CEO Mel Karmazin mentioned the ...

  26. Sirius XM Posts Record 22.3 Million Subscribers, 38 Percent Earnings Boost

    May 01, 2012 12:32 PM EDT Satellite radio company Sirius XM Radio on Tuesday reported improved first-quarter financials and continued subscriber growth. The company added 405,000 subscribers to end March with a user base of 22.3 million. SiriusXM Files Lawsuit Against Soun ...

  27. Sirius XM Radio CEO Mel Karmazin Paid $10.7 Million in 2011

    April 11, 2012 8:14 PM EDT Mel Karmazin, who thinks he's vastly underpaid, earned $10.7 million in 2011 for his services as CEO of Sirius XM Radio, nearly $1 million more than he was paid the prior year but down significantly from the $43.5 million he was paid in 2009, ...

  28. Sirius XM Radio Adds 1.7 Million Subscribers in 2011; CEO Mocks Competition

    January 04, 2012 9:59 PM EST Sirius XM Radio said Wednesday it added 1.7 million subscribers in 2011, then CEO Mel Karmazin gave a backhand compliment to one competitor, online music service Pandora, and insinuated another, Clear Channel Communications, was a bit stodgy. Spea ...

  29. Sirius XM Radio Ends Year As Second Largest Media Subscription Service

    February 16, 2011 6:45 AM EST Sirius XM Radio said Tuesday it ended 2010 with 20.19 million subscribers, a company record, allowing it to finish the year as the second-largest media subscription business behind cable giant Comcast. Netflix, which is on a faster subscriber grow ...

  30. Sirius XM CEO: Talks With Howard Stern Continue

    November 04, 2010 12:00 AM EDT Satellite radio company Sirius XM continues discussions with Howard Stern about a potential extension of his contract, which expires at the end of the year, CEO Mel Karmazin said Thursday (Nov. 4). "We do not have any updates today," he ...

  31. Sirius XM Eyes Stern Renewal

    August 04, 2010 12:00 AM EDT Sirius XM Satellite Radio hopes to have an update on the future of shock jock Howard Stern, whose contract is up at the end of this year, before its next earnings conference call, which is in about three months. "We hope that prior to the thi ...

  32. Sirius XM Radio Posts Profit, But Shares Slide

    May 04, 2010 12:00 AM EDT Sirius XM Radio posted its second consecutive quarterly profit as it increased subscribers to its pay radio service and said its full-year results would be bolstered by improving car sales. Its shares fell nearly 10% in early trading after rallyin ...

  33. Sirius Posts Profit, Sees Big Subscriber Growth

    February 26, 2010 12:00 AM EST Sirius XM Radio Inc posted its first quarterly profit since its merger and said it expects to add 500,000 new subscribers in 2010 as the recovery in the car market boosts demand for satellite radio. The results suggest that the company, run by med ...

  34. Sirius XM Agrees To Liberty Media Deal

    February 17, 2009 12:00 AM EST Satellite Radio firm Sirius XM has avoided a bankruptcy filing, confirming Tuesday morning a deal with John Malone's Liberty Media that will provide it with cash infusions in return for a minority stake in the company. With the agreement, Mal ...

  35. Sirius Creditors Threaten To Oust CEO: Report

    February 16, 2009 12:00 AM EST A group of Sirius XM Radio Inc creditors will seek to remove chief executive Mel Karmazin if the company chooses a bankruptcy filing over a deal with an investor that would let it stay solvent, the Wall Street Journal said. "Creditors will ac ...

  36. Sirius XM in talks with DirecTV, Liberty - Reports

    February 12, 2009 12:00 AM EST Sirius XM Radio Inc's chief executive Mel Karmazin has approached DirecTV Group Inc and Liberty Media in an effort to fend off bankruptcy as well as a bid by EchoStar Corp's Charlie Ergen, media reports said. The reports come as Sirius X ...

  37. Shareholders File Suit Against Sirius

    November 03, 2008 12:00 AM EST Orange County, Calif., realtor and stock investor Michael Hartleib has formed a group of more than 500 Sirius and XM shareholders who bill themselves as "Save Sirius" and say the Sirius XM managers led by Mel Karmazin have unjustly enric ...

  38. Sirius XM Radio Plans To Eliminate Executive Positions

    August 14, 2008 12:00 AM EDT Sirius XM Radio CEO Mel Karmazin told Bloomberg Television today (Aug. 14) that the newly merged company plans to eliminate executive positions in order to cut costs. He said he had already identified jobs that could be cut to create substantial s ...

  39. Satellite Radio In Limbo

    February 27, 2008 12:00 AM EST Mel Karmazin, the charismatic CEO of Sirius Satellite Radio, has more than just a stalled merger on his mind. He's also wondering what it's going to cost to keep his star talker, Howard Stern, on board. "Great content costs money,&q ...

  40. Sirius Grabs Majority Of Retail Satellite Subs In Q1

    May 02, 2007 12:00 AM EDT The majority of new subscribers to satellite radio during the first quarter of 2007 signed on with Sirius, according to that company's CEO, Mel Karmazin. Kamazin, speaking on Sirius' quarterly results teleconference to Wall Street analys ...

  41. Karmazin Reiterates Sirius/XM Merger Benefits

    April 18, 2007 12:00 AM EDT Making another appearance in Washington, D.C., on Tuesday morning (April 17) regarding the proposed merger of his company, Sirius Satellite Radio and competitor XM Satellite Radio, Sirius CEO Mel Karmazin this time appeared before the Senate Commi ...

  42. XM Radio Narrows Loss In Q4

    February 26, 2007 12:00 AM EST XM Satellite Radio Holdings Inc., which last week announced plans to combine with rival Sirius, said Monday a 45% jump in revenue and a tighter leash on marketing costs helped narrow its fourth-quarter loss. The Washington-based company, which has ...

  43. Sirius, XM Agree To Merger

    February 19, 2007 12:00 AM EST More than two years of merger rumors came to fruition Monday (Feb. 19) as Sirius Satellite Radio and XM Satellite Radio announced that the two FCC-licensed companies have entered into a definitive agreement, under which the companies will be combi ...

  44. Sirius Q3 Revs Soar, Subs Up 135%

    November 08, 2006 12:00 AM EST Revenue soared 150% to $167.1 million. Sirius Satellite Radio's total revenue soared 150% to $167.1 million during the third quarter, which ended Sept. 30, compared to the $66.8 million in revenue earned during the same period in 2005. Sirius ...

  45. Sirius Raises Subscriber Forecast

    August 01, 2006 12:00 AM EDT Q2 numbers show jump in subscribers, losses, revenue. Sirius Satellite Radio Tuesday (Aug. 1) raised its year-end subscriber forecast to 6.3 million, from 6.2 million. Early in the year, the radio service forecast it would have 6 million subscribe ...

  46. Sirius: We'll Pay More For Music Exclusives

    April 14, 2006 12:00 AM EDT CEO will pay higher royalties for programming. Sirius Satellite Radio CEO Mel Karmazin said that he would be willing to pay record labels higher royalties—if they are willing to offer the satcaster programming that is not available to terrestrial ...

  47. Sirius Eyes "Humongous" Growth in 2006

    August 03, 2005 12:00 AM EDT Karmazin expects dramatic jumps in ad revenue. Sirius Satellite CEO Mel Karmazin chided analysts this morning (Aug. 2) for underestimating the advertising growth his company will achieve in 2006, as he dubbed the growth "humongous." The ...

  48. Mergers & Acquisitions

    February 01, 2005 12:00 AM EST This Week's Stories: Karmazin quashes Sirius-XM merger rumor; Front Line eyeing Nashville firms; InMotion picks up AltiTunes; Take-2 signs Sega sports developers This Week's Stories: Karmazin Quashes Sirius-XM Merger Rumor By Tony Sander ...

  49. Karmazin Quashes Sirius-XM Merger Rumor

    January 26, 2005 12:00 AM EST Sirius upbeat on 2005. Mel Karmazin characterizes a New York Post report of a potential merger between XM and Sirius Satellite Radio as the “third rumor” he has had to deal with in his first eight weeks as Sirius CEO. The comment came as Sirius is ...

  50. Behind the Deal: Mel Karmazin On Radio

    November 23, 2004 12:00 AM EST <i>Mel Karmazin made his first public appearance since his departure last summer as president/COO of Viacom during the 12th annual National Assn. of Broadcasters' European Radio Show, held Nov. 7-9 in Mel Karmazin made his first public ...

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