Latest in Mel Karmazin

Now that he has resigned as CEO of Sirius XM, Mel Karmazin says he’d like a new gig — either running an entrepreneurial company with an independent board, or helping New Jersey Gov. Chris Christie’s efforts to rebuild areas hit by Hurricane Sandy. “I would be the czar…or the pope of the Jersey shore,” Karmazin tells CN…

UPDATE, 6:56 AM: As interim CEO, Jim Meyer will collect a base salary of $1.3M per year, plus annual bonuses to be determined by the board, in a new contract that runs until October 31, 2013, the company says in an SEC filing. He can retire then, if he wants. And if Sirius XM picks someone else to be CEO then he can…

Maybe this shouldn’t be a surprise considering all the will-he/won’t-he stay speculation that’s taken place since Liberty Media‘s John Malone began his takeover effort. Lately it seemed as though Mel Karmazin was warming to the idea of staying, and that Malone would be glad to have the voluble exec — who’s famously a…

Deadline’s Executive Editor David Lieberman talks with host David Bloom in Episode 2 of Deadline Big Media. Lieberman discusses whether Mel Karmazin will stay with satellite broadcaster Sirius XM after Liberty Media completes its acquisition; what impact James Murdoch might have on News Corp’s U.S. TV operations if he…

Liberty Media CEO Greg Maffei wasn’t trying to put down Mel Karmazin.  “Mel has done a great job” at the satellite broadcast company, Maffei told the Goldman Sachs Annual Communicopia Conference this morning. But he added that Sirius XM’s colorful chief also can be replaced once Liberty takes control — which could…

The Sirius XM CEO isn’t sure that John Malone’s Liberty Media will want him to stay after it owns more than 50% of the satellite radio company’s stock — something that could happen as early as today. “My instincts are that Liberty does not need me,” Mel Karmazin said at the Bank of America Merrill Lynch Media…

The satellite radio company CEO didn’t say that directly in a conference call with analysts this morning. But he sure left that impression after he was asked about the effort by Liberty Media Chairman John Malone — Sirius XM‘s biggest shareholder with about 46% of the voting stock — to take control. It’s been widely…

Malone controls shares convertible into more than 40% of the satellite radio company stock — but he’s talking like Sirius XM will soon be his based on news coverage of his comments to reporters at Sun Valley. The Liberty Media Chairman said that he’d “prefer not to lose” Mel Karmazin, but the Sirius XM CEO “said he…

The satellite radio company’s shares are up more than 3.6% in pre-market trading this morning after it beat its own projections, and analysts’, for subscriber growth in Q2. Sirius XM says it added 622,042 net subscribers — a 38% improvement from the same period last year when it picked up 452,147. All told, it has…

Do you believe that Liberty CEO Greg Maffei doesn’t know whether he’ll keep Sirius XM or spin it off if his takeover attempt works? Me neither. But that’s his story and he sticks to it in his interview this morning with CNBC’s David Faber. Maffei adds that he wants to keep Mel Karmazin as the satellite radio company’s…

The discussions, disclosed in a Sirius XM filing today at the SEC, suggest that CEO Mel Karmazin is concerned about Liberty’s renewed effort to control a majority of Sirius’ board seats. There’s no agreement yet, and Sirius XM says in its filing that it does not “expect to disclose developments with respect to these…

Shareholders probably won’t begrudge him the increase in a year when the satellite radio company’s market value appreciated 13%. Karmazin’s package is pretty simple: $1.5M salary, $9.2M bonus, and $7,350 for other compensation. The Sirius XM proxy says that it awarded Karmazin his bonus to recognize, among other…