Mel Karmazin news stories on Newser

Sirius Creditors Ready to Go After CEO

Sarah Quinn — Mon, 16 Feb 2009 10:54:05 CST

Sirius XM Radio's creditors want the company to make a deal with an investor rather than file for bankruptcy, and they're prepared to go after CEO Mel Karmazin's job if things don't go their way, the Wall Street Journal reports. "The board of directors should carefully consider the ramifications" of...

Under Pressure, Sirius XM Tries to Look Ahead

Jim O'Neill — Mon, 15 Sep 2008 11:45:01 CDT

Satellite radio’s fortunes—thought to be peaking after Sirius and XM merged in July—are falling as the united company’s stock continues to tumble and management scrambles to refinance debt, reports the Wall Street Journal. Still, CEO Mel Karmazin says, the company is “heading toward making a bunch of money...

Sirius, XM Union May Have Listeners Singing the Blues

Wesley Oliver — Sat, 10 Nov 2007 13:32:52 CST

For anyone doubting that a merger between Sirius and XM would harm the satellite radio industry by forcing listeners to go through a single provider, the Washington Post’s Marc Fisher has two words: cable TV. Fisher argues that for all of the advantages any union may produce, ultimately it would...

Satellite Sisters

NewsDude — Sun, 18 Mar 2007 20:44:02 CDT

Jim Surowiecki describes how the “Chicago School” of economists revolutionized anti-trust thinking in the 1970s. By arguing that it is not the number of competitors but rather their strength that mattered, these economists posited that some mergers stimulate competition.