DaveNJ
No Fear
join:1999-09-01
New Jersey
 ·Comcast
·Patriot Media
| reply to Dogfather
Re: no more satellite radio competition, why not tv?
wait read this ! dang
»www.fmqb.com/article.asp?id=827268&spid=1314
Would Mel Sell Sirius XM Radio?
August 6, 2008
In a new interview with the New York Times, Sirius XM CEO Mel Karmazin floats the idea that once the merged satcaster turns a profit, he could flip the company and sell it off. Karmazin says that his goal is to turn Sirius XM into a profitable company, which could happen in just a year or two, "then we can argue about what the company is worth."
Karmazin suggests that he could then sell off the satcaster once it is profitable. "I’m not a visionary; I’m an operator,” he told the Times. "And I’ve been a seller. The bankers all want the next transaction."
Discussing the upcoming cost cutting at the merged satcaster, Karmazin said he aims to cut approximately $400 million in annual costs and half-jokes that "When I became the CEO of CBS, the first thing I did was sell the artwork."
Karmazin also discussed the recently completed merger, saying that the outcry from terrestrial radio and the NAB against it was "the best thing that happened," because it proved his argument that satellite radio was indeed their competition.
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“Say no to fear. Don’t let anxiety crush your life. Live life free and unfettered.”
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