Tag Archive | "Mel Karmazin"
Howard calls Sirius XM his “greatest chapter” – “mission accomplished”
Howard proclaimed victory today, saying, “mission accomplished!” His tenure with Sirius XM is a success. Sirius XM had 600,000 subscribers when Howard signed, and after four years and a merger with XM, Howard read that Sirius XM now has 19 million subscribers. Howard stated, “Everywhere we went we delivered!” Preach on, brother Howard! When Howard decided to make his [...]
Continue reading...Howard’s next move – maybe less money, less work
Sunday, February 21, 2010
You, me, every single fan wants to know what happens in a year. Will Howard stay with Sirius XM? Go somewhere else? Or retire altogether? It’s hard to say. Nobody’s talking. Not even Howard. Mum is the mother fucking word. But John Jurgensen of The Wall Street Journal has some ideas; stuff we already know. Howard re-ups with [...]
Continue reading...Sirius XM’s stock price nearing one dollar – could mean no reverse stock split
Wednesday, February 17, 2010
If a stock price stays below $1 for too long, it risks being de-listed from the NASDAQ. So to avoid this companies often perform a reverse stock split. That means cutting the number of total shares, which raises the value of each individual share. Since Sirius XM’s stock is usually in the toilet and well below $1. [...]
Continue reading...Mel is “optimistic” Howard will stay with Sirius XM
Thursday, February 4, 2010
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Speaking at a radio roundtable yesterday at The Paley Center for Media, Sirius XM CEO Mel Karmazin sounds determined to keep Howard around. “Howard Stern is great content. Howard would be sought after by anyone. He’s a great talent. Having said that we would like him to stay with us and we are optimistic that he [...]
Continue reading...Perez Hilton says Sirius XM will fire Artie – but Tim Sabean calls bullshit
Thursday, January 7, 2010
Perez Hilton posted a rumor that Sirius XM is getting ready to pink slip Artie. He claims Mel already told Howard and the company is waiting until Artie is in stable condition to axe him. Steve Langford was all over the rumor in a Howard 100 News break, with Tim Sabean shooting it down. “It is absolutely false,” [...]
Continue reading...Mel Karmazin says Howard negotiations haven’t started yet
Friday, January 1, 2010
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Fuck! Keep waiting. Last night, Mel told Charlie Rose that contract talks with Howard have not begun. Howard has only one year left on the five year deal he signed with Sirius in 2004. So fans, and Sirius XM execs, haven’t stopped shitting their pants. Big daddy Mel called Howard a “great partner” and said he is [...]
Continue reading...Sirius XM might go global – get ready Asia and Africa
Thursday, December 10, 2009
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Sirius XM CEO Mel Karmazin has said the company could join forces with Liberty Media Corp. to broaden Sirius XM’s services globally. Liberty Media is the same company that loaned Sirius XM $520 million to avoid bankruptcy in February. Liberty Media seeks to partner with Worldspace, Inc., which is the Sirius XM equivalent for Africa, Asia, the [...]
Continue reading...Howard explodes about re-signing – “Its time to leave!”
Wednesday, December 9, 2009
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Reporters are running wild about Howard re-signing with Sirius XM. He hasn’t yet, and his contract expires in a year, so speculation is everywhere. “I don’t even know if I’m going to re-sign here, I’ve been reading weird shit,” Howard said, “I need to get out of this whole thing, this whole thing is a mess.” Most [...]
Continue reading...Sirius XM holiday sales on target – new commercial helping a lot
Sunday, December 6, 2009
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Sirius XM CEO Mel Karmazin says the early numbers from retail stores show the company’s holiday sales are “very much on target.” Thanks in part to the new TV commercial featuring Howard, Elvis, Michael Jordan, and Richard Pryor the Sirius XM began running a few weeks ago. But who knows if they’ll recoup a total return on [...]
Continue reading...Mel ready to meet with Howard – time to renegotiate
Thursday, December 3, 2009
On Monday, at the Reuters Media Summit, Sirius XM CEO Mel Karmazin told reporters he’s ready to begin contract talks with Howard. We all know Howard’s $500 million deal with Sirius he signed in 2004, expires next year. Mel explained how the talks might go. “I could tell you, it will start with Howard feeling that he is [...]
Continue reading...Howard’s wild night at the autism benefit – he hates going out
Wednesday, November 18, 2009
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Last night, Howard went to an autism benefit at Carnegie Hall. Mel asked him to go, so he did. But he was a miserable mess. For starters, Howard doesn’t understand autism, and can’t tell when someone has it. He met an autistic kid at the event, but to him, the kid looked normal. “You seem way more together [...]
Continue reading...Howard doesn’t know who owns the company
Wednesday, November 18, 2009
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Howard admitted today he has no idea who owns Sirius XM. He thinks Mel Karmazin does. “It’s really weird, because I’ve been working here for 4 years, and I don’t know who I’m working for,” he said. Howard remembers being hired by two guys, but doesn’t know what happened to them. All he knows is he is [...]
Continue reading...Mel Karmazin on Neil Cavuto – who cares about “HD Radio?”
Tuesday, November 17, 2009
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Check out Sirius XM CEO Mel Karmazin being interviewed by Neil Cavuto on Fox “News” the other day. During the segment, Neil keeps bringing up “HD Radio” as “competition” to satellite. But who is even talking about HD Radio? What is it? Nobody knows, nobody cares!
Continue reading...Sirius XM Chairman resigns – no cause for panic
Sunday, November 15, 2009
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Gary Parsons, Chairman of Sirius XM, and original Chairman of XM prior to the merger, called it quits on Thursday. But this isn’t rats off a sinking ship. Sirius XM is Mel Karmazin’s company, so Parsons retiring is just trimming the fat. Rick Aristotle Munarriz of The Motley Fool says Parsons picked a good time to leave [...]
Continue reading...No Sirius XM reverse stock split in the plans
Thursday, October 22, 2009
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Mel Karmazin, Sirius XM big dog, said during an investor conference that there are “no plans right now” to initiate a reverse stock split. A reverse stock split cuts the number of shares out there, but increases the value of each share. Since Sirius XM’s stock price is in the toilet, a reverse stock split would help [...]
Continue reading...Sirius XM Radio has a 9% chance of going bankrupt
Tuesday, September 22, 2009
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You can flip that. Sirius XM has a 91% chance of NOT filing for bankruptcy. It sounds better. A review of liquidity, debt levels, profitability, market price, governance and fraud risk, predicts Sirius XM has a 9% of going bankrupt. Audit Integrity, which provides risk analysis for public companies, points to heavy debt for why Sirius XM, [...]
Continue reading...Will Howard move to podcasts and internet radio? No way! — UPDATE –
Friday, August 28, 2009
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In fifteen months, Howard Stern fans will be throwing a party, hopefully a “Howard is back” party and not a going away party. Howard’s contract with Sirius XM expires in 15 months and everyone is wondering what he’ll do next. I say Howard is going no place. He loves Sirius XM, feels the show is better than [...]
Continue reading...Sirius XM posts higher profits. Rebounding car industry to help more.
Monday, August 10, 2009
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Revenue rose 1% to $607.8 million this quarter and Sirius XM raised its 2009 adjusted income from operations to $400 million, driven by accelerated costing cutting. Whatever that means, I’m not much for economics and finance. My brain hurts. Sirius XM head honcho Mel Karmazin is optimistic moving forward, saying, “Growing our revenue in the face of [...]
Continue reading...Mel Karmazin re-ups through 2012. Could Howard be next?
Monday, July 6, 2009
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In 2004, Howard inked his deal with Sirius, which was promptly followed by Mel Karmazin, Howard’s former boss, joining the company as chief executive officer. Since then, Howard and Mel have catapulted the number of Sirius subscribers from 600,000 to well over 18.5 million. And Mel was the driving forced behind the Sirius-XM merger. So to keep [...]
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- Dave Salazar: Can't wait...
- John Foe: Sure is this Robin, she would follow Dr Drew. ...
- BrianS: I dig Asian chicks, especially Korean girls. JD sh...
- HStern: JD is the man. That prostitute would be lucky to g...
Monday, March 8, 2010
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