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Friday, May 11, 2012

Karmazin Feeling Hit on Many Sides Of Sirius

Mel Karmazin, CEO of Sirius, has been feeling quite a bit of heat lately.  With Howard Stern suing him for breach of contract to his former white knight, Liberty Media, trying to wrestle control from him, Mel has been having some bad days.  Of course the first round of the lawsuit went to Sirius, but Howard is pushing back on appeal.  And initially Liberty was told they couldn't take control but have now gone and bought more shares to increase their ownership stake.  The heat has been turned up and it appears that Liberty Media will shortly get their asset and Mel may find himself looking for the next big thing.

1 comment:

  1. I don't know why, if I see wrestling, I felt all are drama.

    ReplyDelete