Mel Karmazin

"SaveSirius" shareholder group issues demands from Sirius XM

SaveSirius, a group of shareholders that is accusing Sirius XM Radio Inc. of unjustly enriching themselves, served formal letters of demand to the company's Board of Directors recently.The group demands that the...

Sirius trouble: Big losses, cloudy future

Just 4 months after the merger of XM and Sirius, the combined company is struggling to remain aloft. Mel Karmazin sounds an upbeat tone for a chief executive whose company, Sirius XM Radio , just announced a loss of almost $5...

Is Sirius XM doing enough to save its business?

Quite a bit has happened to satellite radio over the past year. Since then, the new Sirius XM has tried to find its footing in a world where terrestrial radio still reigns supreme and advertising dollars aren't floating around...

6 Pieces of Good News! Finally! (at Motley Fool)

If you're up to your nose hairs in negative news this week, take my hand as we go over some of the more uplifting headlines of the week. You go, Rick I'll let you come up with your own stimulus package punch-line as we get into...

Just Another Opinion Piece

I’m beginning to wonder if my vacation was a good thing or bad. Having taken a sabbatical from all things Sirius, I feel like I’ve come back to absolute confusion among our readers and colleagues. Everything I’ve read regarding...

General Motors Ain't No Midas

"We think the environment sucks. It is not like we're doing something wrong. It is that, unfortunately, we do not have a whole lot of control over what cars are getting sold. We do our best." That's Sirius XM CEO Mel Karmazin...

Sirius, GM, AIG: Where Is the Leadership in American Boardrooms? (at Seeking Alpha)

by: Ashkan Karbasfrooshan November 11, 2008 | about stocks: nearly $5B in the third quarter (not spent, or in the year, we’re talking losses in three months) is akin to finding out that the pizza parlor next to our office spent...

Sirius Reverse Split Only "to Satisfy Listing Requirements" (at Seeking Alpha)

by: Tyler Savery November 11, 2008 | about stocks: ) CEO Mel Karmazin made a crystal clear statement relating to the issue of a Reverse Split. Karmazin stated that the reverse split, if needed, is “to satisfy listing...

UPDATE 2-Sirius XM takes $4.8 bln charge due to share plunge

Shares mostly flat in after-hours trading (Adds write-down, outlook details, byline; updates stock price) By Franklin Paul NEW YORK, Nov 10 (Reuters) - Sirius XM Radio Inc (SIRI.O: ) posted a $4.8 billion write-down of goodwill...

SIRIUS XM Radio Reports Third Quarter 2008 Results

NEW YORK, Nov. 10 /PRNewswire-FirstCall/ -- SIRIUS XM Radio today announced third quarter 2008 results, including pro forma revenue of $613 million (up 16% over the year ago quarter), total subscribers of more than 18.9 million...

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