Mel Karmazin
Mel Karmazin's Portfolio
| Ticker | # of Shares | Price | Value | |
|---|---|---|---|---|
| SIRI | 8,533,820 | $2.15 | $18,347,713 | |
| View Additional Portfolio Information » | ||||
Mel Karmazin is the CEO of Sirius XM Radio (Nasdaq: SIRI), the merged entity of Sirius Satellite Radio and XM Satellite Radio.
The merger of the two satellite radio companies was announced in early 2007, but not competed until July 2008 due to U.S. antitrust reviews.
Previously, Karmazin was President and COO of Viacom from May 2000 until June 2004.
Sirius XM Radio (NASDAQ: SIRI) shares are trading down 5 percent in pre-market hours Thursday following the release of fourth-quarter results earlier.
Revenue rose 7 percent from the $736 million in the fourth quarter of 2010 to $784 million, but was slightly below the Street’s consensus of $785.53. The company had a total of 542,966 net subscriber additions, representing a 65 percent increase year over year.
Total operating expenses fell 5.3 percent from the same quarter last year to $629.3 million as programming and ...
102 total articles have been posted to this entity.
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