Topic: Mel Karmazin

Sirius XM CEO says holiday sales on target

NEW YORK (Reuters) - Holiday sales of Sirius XM Radio's satellite radio players are so far matching expectations, helped in part by an advertising blitz featuring footage of Elvis Presley and Michael Jordan. Sirius XM Chief Executive Mel Karmazin told Reuters that early retail store checks indicated that sales "were ...
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Sirius XM 3Q loss narrows as revenue rises

Sirius XM 3Q loss narrows on smaller charges and higher revenueSirius 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. Sirius has been battered ...
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Sirius XM CEO gets pay hike

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 31, 2012, and raised his salary. In a filing with the Securities and Exchange Commission, Sirius XM said it amended the ...
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Sirius XM Radio posts $236M loss for 1Q

Sirius XM Radio posts $236M loss for 1st-qtr, says revenue roseThe 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. But the satellite radio company, whose ...
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