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Topic: Mel Karmazin

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Sirius Satellite Radio

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	Mel Karmazin 1943— - SUCCESS IN RADIO, EXPANDED EXPERTISE
		Karmazin's skill as an ad salesman earned him a reported $70,000 per year in commissions, which incurred him the jealousy of older supervisors and consequently limited his possibilities of advancement.
		Karmazin understood that the contract held greater significance than its face value: professional football was among the most effective broadcasting tools with which to reach males under the age of 35, an important demo-graphic target for advertisers as well as for the promotion of prime-time programs.
		Karmazin was known to value his privacy—so much so that he had written into the contracts of on-air personalities who worked for him that they were not to mention his name.
	www.referenceforbusiness.com /biography/F-L/Karmazin-Mel-1943.html (992 words)

	Radio Hall of Fame - Mel Karmazin, Executive
		Karmazin, born in 1943, presided over New York's WNEW-AM-FM when he was approached to run Infinity Broadcasting in 1981.
		A graduate of Pace University, Karmazin has been inducted into the broadcasting Hall of Fame, a recipient of the National Association of Broadcasters National Radio Award, and the IRTS Gold Medal.
		Mel Karmazin was inducted into the Radio Hall of Fame in 2003.
	www.radiohof.org /executive/melkarmazin.html (212 words)

	SIRIUS Satellite Radio - Mel Karmazin
		Mel Karmazin is Chief Executive Officer of SIRIUS Satellite Radio.
		Karmazin served on the Viacom board of directors and was responsible for overseeing all of Viacom’s operations.
		Karmazin also served on the board of directors of Westwood One, Blockbuster, and the New York Stock Exchange, and is vice chairman of the board of trustees of The Museum of Television & Radio.
	www.sirius.com /servlet/ContentServer?pagename=Sirius/CachedPage&c=BioAsset&cid=1100707192159 (326 words)

	Karmazin out at Viacom; Redstone plans departure - Jun. 1, 2004
		Karmazin, who signed a three-year contract extension as president and chief operating officer a year ago, ended a sometimes stormy tenure at the company he joined during the 2000 merger of Viacom and CBS Corp.
		Karmazin's departure helped send Viacom (VIA.B: down $0.39 to $36.50, Research, Estimates) Class B shares down about 3 percent in early trading, but the stock soon rebounded.
		Karmazin received $27.9 million in pay, bonus and deferred compensation in 2003, and his departure package is likely less than twice that amount.
	money.cnn.com /2004/06/01/news/fortune500/karmazin/index.htm?cnn=yes (1020 words)

	CBS: Can Mel Karmazin Reinvent Network TV?
		Karmazin admits CBS is still ''at the 20-yard line with 80 yards to go.'' His lofty target: double-digit sales growth and 20%-plus growth in cash flow to chase acquisitions and buy back stock.
		Karmazin and his salesmen constantly press their case that the older age group has more purchasing power and that, age aside, reaching the most households counts for something in a fragmented world.
		Mel Karmazin was probably the last person on Michael Jordan's mind in November, 1995, when Westinghouse Electric Corp. bought CBS from Larry Tisch for $5.4 billion.
	www.businessweek.com /1999/99_14/b3623001.htm (3397 words)

	Viacom's Acquisition of Mel Karmazin - James Surowiecki - Slate Magazine
		Karmazin's relentless focus on shareholder value and his essential frugality as an executive have long distinguished him from the media moguls--like Redstone--who spent much of the '80s and early '90s borrowing huge sums of money to make questionable acquisitions and engage in hostile takeover battles.
		Karmazin came to CBS from radio chain Infinity Broadcasting (which CBS still owns), and brought to CBS a measure of economic rigor that for a long time was hard to find in the media business.
		When you listen to Karmazin, you get the feeling you're listening to someone who thinks that media companies should be judged by the same economic and business standards as other companies, as opposed to someone who thinks that media companies should be valued by the grandiosity of their dreams.
	www.slate.com /id/1003563 (1251 words)

	Mel Karmazin - Wikipedia, the free encyclopedia
		Born in Manhattan, Karmazin was selling radio ads at the age of 17.
		Karmazin presided over New York's WNEW-AM and WNEW for Metromedia when he was approached to run Infinity Broadcasting in 1981.
		Karmazin has been inducted into the Broadcasting Hall of Fame, the Radio Hall of Fame, a recipient of the National Association of Broadcasters National Radio Award, and the IRTS Gold Medal.
	en.wikipedia.org /wiki/Mel_Karmazin (651 words)

	General Sessions - Summit 02
		Mel Karmazin became President and Chief Operating Officer of Viacom Inc. in May 2000, upon the merger of Viacom and CBS.
		Karmazin is helping to create greater opportunities for minority ownership of media outlets, and he has directed CBS’s efforts to ensure minority participation in all areas of broadcasting—both in front of and behind the cameras, and at the executive level as well.
		Karmazin serves on the Board of Directors of Westwood One, Blockbuster, and the New York Stock Exchange, and is Vice Chairman of the Museum of Television and Radio.
	www.ctam.com /conferences/summit/2002/gensessions-karmazin.htm (388 words)

	USNews.com: Media giant Viacom's Mel Karmazin calls it quits
		Mel Karmazin, Viacom president and chief operating officer, abruptly extinguished his own torch last week, after a year of fighting a weakening stock price and nearly half a decade of spar-ring with Viacom's notoriously controlling chairman, Sumner Redstone.
		Karmazin's resignation touched off a frenzy of speculation about his next move--Would it be to Disney, where its CEO is under fire?--as well as the succession plan for Viacom, where Redstone, age 81, controls 71 percent of the stock and has been in no hurry to step aside as CEO.
		Yet, with Karmazin on the loose, more high-level departures possible at Viacom, Paramount looking for a new chief (Chairman Jonathan Dolgen also resigned last week), and the fragile situation at Disney, executive brinkmanship could be the spectator sport of the summer.
	www.usnews.com /usnews/biztech/articles/040614/14mel.htm (598 words)

	Sirius Hires Ex-Infinity Broadcasting Boss Mel Karmazin
		Karmazin worked his way up from being a station manager to running Infinity, which became a major radio company that was eventually purchased by CBS, which was in turn bought by Viacom.
		The hiring of Karmazin is the latest escalation in an increasingly heated competition between Sirius and its larger rival, XM Satellite Radio Holdings Inc., which has more than 2.5 million subscribers versus some 700,000 for Sirius.
		Karmazin was considered a highly effective, straight-shooting media executive who was well-liked by investors.
	www.theautochannel.com /news/2004/11/20/285762.html (662 words)

	Mel Karmazin out of Viacom; Redstone sets forth succession plan - Indiantelevision.com's Breaking News
		Karmazin's departure follows years of tension between him and chairman and CEO Sumner Redstone, two very strong-willed individuals, who, however, managed to keep their personal differences at bay while driving the company forward.
		It was in 1997 that Karmazin took charge of CBS by merging his company Infinity Radio into CBS.
		Karmazin's exit from Viacom is the culmination of a series of well calibrated moves that Redstone has made in the last two months that give more than a hint that there is a clear succession plan already in place.
	www.indiantelevision.com /headlines/y2k4/june/june14.htm (747 words)

	The Neil Rogers Show - News - No satellite radio for iPod? - Mel Karmazin quotes Steve Jobs as saying there's no plan ...
		Mel Karmazin, the new CEO of Sirius Satellite Radio, said he's talked recently with Apple Computer about adding satellite radio to its popular iPod music player.
		Karmazin pledged Wednesday that music programming will remain ad-free and said the company will continue to be "very sensitive" to the commercial loads.
		Karmazin, whose ties to Stern go back to the 1980s, reiterated that Sirius would welcome the chance to bring Stern on board before January, but said the desire to see that happen diminish as his start date approaches.
	news.neilrogers.com /news/articles/2005021020.html (677 words)

	Krazy Mel Karmazin - .NET Ron and Fez & ** and ***** Unofficial Messageboard
		Karmazin, answering questions during a session at the annual Citigroup Media, Entertainment and Telecommunications Conference in Phoenix, said Sirius is moving beyond the local advertisers who were the predominant buyers of ad time on Stern's Infinity Broadcasting program.
		Karmazin said the company is likely to exceed its goal of seeing advertising comprise 10% of overall revenue, but stopped short of officially forecasting such an outlook.
		As to Mel's comments, XM has also increased its ad revenue, XM had over 20 Million from advertising in 2005, and this figure is going to increase.
	www.opieanthony.net /showthread.php?t=8743 (828 words)

	Viacom's Mel Karmazin
		Mel Karmazin, the company’s president and COO, is convinced of it.
		Karmazin and his team are preparing for the Upfront season, when advertisers book, in advance, commercial time in the TV season that will premiere in the fall.
		KARMAZIN: You can quote me! I think it’s early, but we feel very good about where CBS is. Right now, the network that gets the most money is NBC, and NBC is a great network, but they are going to lose Friends and Frasier, and ER is [getting old].
	www.worldscreen.com /print.php?filename=0404karmazin (3664 words)

	An Interview with Mel Karmazin - SIRIUS Backstage Forum (Site not responding. Last check: 2007-10-22)
		Karmazin, 62, cut per-subscriber marketing and acquisition costs, boosted advertising and increased the subscriber base to over four million from less than one million when he took the job.
		Karmazin: In 2007 we will have $1 billion in revenue, and when we have $1 billion dollars of revenue, we will be free-cash flow positive.
		Karmazin: There was an awful lot of press on Howard leaving [regular radio], and that certainly aided our awareness, and it helps satellite radio a great deal, but this isn't about the fact that we need to come up with a buzz each year.
	www.siriusbackstage.com /forum/showthread.php?t=80467 (2396 words)

	Viacom's Mel Karmazin resigns - U.S. Business - MSNBC.com
		June 1: CNBC's David Faber reports on Mel Karmazin's resignation from Viacom and what it means for the radio veteran, the media conglomerate and the rest of the industry.
		Karmazin's resignation sent ripples through the media industry, and prompted Walt Disney Co. Chairman George Mitchell to express his confidence in Michael Eisner and the rest of Disney's management.
		Karmazin headed CBS Corp. until it was bought by Viacom in 2000, and has long been respected on Wall Street as a skilled operator.
	www.msnbc.msn.com /id/5110878 (1064 words)

	SternFanNetwork Archive - Mel Karmazin Resigned ! OHHHHHH SHIIIIIT !
		Karmazin was CEO of CBS at the time of the merger.
		Karmazin reportedly had an exit clause that allowed him to leave the company if any of his decisions are overruled.
		Karmazin leaves Viacom at the same time there is mounting shareholder pressure on competitor Walt Disney Co. to replace CEO Michael Eisner, who was stripped of his chairman title at the company's March annual shareholder meeting.
	www.sternfannetwork.com /forum/showthread/t-31662.html (2449 words)

	The Willy Loman of media moguls. - By Daniel Gross - Slate Magazine
		Mel Karmazin resigned as Viacom's president and chief operating officer this week, ejecting himself from the catbird seat overseeing CBS, MTV, Paramount, Simon and Schuster, and Infinity Broadcasting.
		Karmazin parachutes away with a severance agreement worth $30 million and an intact reputation as the ultimate antimogul.
		Karmazin kept a close eye on expenses, a discipline anathema to entertainment moguls.
	www.slate.com /id/2101684 (1338 words)

	Tech Confidential Blog: Mel Karmazin opens Convergence 2.0
		The Deal's Richard Morgan led Sirius CEO Mel Karmazin on a walk through his history, from his time at CBS up through his current role with Sirius Satellite Radio and had him peer into the company's future to kick off the Convergence 2.0 conference this morning.
		Karmazin was very clear about one thing regarding mergers, "If we do another deal, I'm gone." He talked about the behind-the-scenes struggles he had with Sumner Redstone over the deal he brokered between CBS and Viacom, and the direction of the company once the two were combined.
		Mel Karmazin was interviewed during the morning session of the Convergence 2.0 conference this morning.
	techconfidential.thedealblogs.com /2006/06/mel_karmazin_opens_convergence.php (533 words)

	Mel Karmazin, Viacom
		Viacom Inc. (VIA.B) President and Chief Operating Officer Mel Karmazin quips that his biggest role in last summer's CBS hit Survivor was to fly to the South China Sea island ahead of filming and chow down on a couple of rats.
		Rat stew notwithstanding, it was a dazzling year for Karmazin and Viacom.
		Viacom closed on its $90 billion acquisition of CBS Corp., where Karmazin was once a radio ad salesman.
	www.businessweek.com /2001/01_02/b3714049.htm (206 words)

	Adrants » Mel Karmazin Stays With Viacom
		Tensions between Karmazin and Sumner Redstone, Viacom's chairman, chief executive and controlling shareholder, had raised the prospect that Karmazin might leave the company, whose holdings include MTV, CBS and Paramount Studios.
		While Redstone said he wanted Karmazin to say, he also indicated he wanted to retake some of the daily operating controls Karmazin had as part of his last contract, hammered out when Viacom and CBS merged in 2000.
		Karmazin, lauded by Wall Street for his focus on profits, had indicated he did not want to give up that control.
	www.adrants.com /2003/03/mel-karmazin-stays-with-viacom.php (328 words)

	'Mel Watch' Afflicts Viacom Stock - 1/27/2003 - Multichannel News (Site not responding. Last check: 2007-10-22)
		Karmazin, who became president and COO of Viacom after its merger with CBS Corp. in 2000, has a three-year employment deal set to expire Dec. 31.
		One of Karmazin's biggest cheerleaders — Merrill Lynch and Co. media analyst Jessica Reif Cohen — is now saying his exit would "only" depress the stock by 15 percent to 20 percent, a loss that could be recovered in less than a year.
		If Karmazin doesn't renew, he could be in limbo for the rest of the year, because Redstone has said privately he would hold him to the current contract.
	www.multichannel.com /article/CA272472.html?display=Finance (646 words)

	Q&A: Sirius Radio's Mel Karmazin - Newsweek: International Editions - MSNBC.com
		Radio shock jock Howard Stern is famous for lambasting his bosses on the air, but the marriage between Stern and Mel Karmazin, chief of New York-based Sirius, has been both civilized and successful.
		Karmazin, once the president of CBS and Viacom, spoke to NEWSWEEK's Brad Stone about his goals at Sirius and the monumental challenges the Internet poses to the media business.
		Karmazin: The company is far ahead of where most people thought it would be.
	www.msnbc.msn.com /id/13774649/site/newsweek (770 words)

	Entertainment Weekly - The Power List 1999 - Sumner Redstone, Mel Karmazin - 10-29-99
		But in August, something extraordinary happened: This media Methuselah looked up from his spreadsheets to find the soul mate of his dreams--CBS CEO Mel Karmazin.
		"Mel seduced me," Redstone dreamily told reporters and investors after the merger was announced, sounding for all the world like a blushing bride.
		So far, Karmazin sounds like he's in the throes of passion.
	www.ew.com /ew/features/991029/power/1.html (508 words)

	Techdirt: Does Mel Karmazin Realize That XM Isn't The Only Competition?
		At a recent conference, Sirius CEO Mel Karmazin threw out the idea that if the price were right, his company would consider a merger with its fierce competitor XM.
		I don't think Mel was really trying to define a market or anything like that, he was imagining a scenario where his company could actually become profitable.
		So if, as Mel suggested, XM and Sirius merged, they would be the only viable radio option for the car and, therefore, might actually turn a profit someday.
	www.techdirt.com /articles/20060628/0959226.shtml (3973 words)

	Mel Karmazin is Sirius - 92Y Blog - 92nd Street Y - New York, NY
		In another life, Mel Karmazin was President/COO of Viacom.
		Now, Karmazin is the CEO of Sirius Satellite Radio.
		Mel Karmazin will be discussing his legendary career and future plans on Thursday, September 22 with Stephen Adler of BusinessWeek.
	blog.92y.org /index.php/item/mel_karmazin (296 words)

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