The latest in Mel Karmazin

Sirius XM earns small profit in 4Q

2010-02-25T12:30:49Z

<div id="subtitle">Sirius XM earns small profit in 4th quarter, adds subscribers</div><div><p>Sirius XM Radio Inc. on Thursday posted a small profit for the fourth quarter as it added subscribers and cut costs.</p><p>The satellite radio broadcaster was on the brink of bankruptcy just a year ago, hurt by plummeting auto sales, which meant fewer of its radios were installed in new vehicles. ...

Sirius XM 3Q loss narrows as revenue rises

2010-02-24T09:20:52Z

<div id="subtitle">Sirius XM 3Q loss narrows on smaller charges and higher revenue</div><div><p>Sirius XM Radio Inc., the satellite radio provider that was on the brink of bankruptcy nine months ago, on Thursday reported a much improved third quarter as it signed up more subscribers and paid down debt.</p><p>Sirius has been battered by the do...

Sirius XM CEO gets pay hike

2010-02-26T14:25:27Z

<div><p>LOS ANGELES (Reuters) - Sirius XM Satellite Radio Incon Wednesday said it extended the term of Chief Executive Mel Karmazin's employment contract, set to expire in November, through December 3...

Sirius XM Radio posts $236M loss for 1Q

2010-02-27T14:17:08Z

<div id="subtitle">Sirius XM Radio posts $236M loss for 1st-qtr, says revenue rose</div><div><p>The slump in the U.S. auto industry helped send Sirius XM Radio Inc. to a loss of $236.6 million in the first quarter and its first-ever quarterly decline in net subscriber additions.</p><p>...

Sirius XM Radio planning to stream to iPhone, iPod

2010-03-03T16:40:48Z

<div id="subtitle">Sirius XM Radio to stream its service to iPhones in bid to expand customer base</div><div><p>Financially struggling Sirius XM Radio Inc. is planning to stream its subscription radio service to the iPhone and iPod Touch devices from <...

WOBBLY SATELLITE

2010-03-01T14:46:05Z

<div><h1> WOBBLY SATELLITE </h1><p>Will Sirius XM Radio ) fall to earth? Burdened with $2.8 billion in debt after the July merger of rivals Sirius and XM, the satellite radio company run by former CBS CEO Mel Karmazin is near a bankruptcy filing, said Sirius XM Radio Inc. said Friday that it could file for bankruptcy as early as Tuesday if it cannot successfully negotiate with the holders of its debt.</p><p>While the satellite radio company said it has...

Sirius XM Is in a Serious Bind

2010-02-28T13:07:42Z

<div><p> Sirius XM (SIRI) Chief Executive Mel Karmazin had choice words for competing radio companies during a recent conference for investors. "The reason why radio sucks, and the reason that most of you don't want to invest in it, is principally because the growth stopped," Karmazin said during the Sept. 9 event sponsored by Sirius and XM completed their merger Tuesday after winning a lengthy battle with regulators over concerns about market competition.</p><p>The new company formed by Sirius Satellite Radio's buyout of