Karmazin: No choice, rejoice

In the face of the full-court press by Liberty Media to wrest control of his company, SiriusXM CEO Mel Karmazin now insists that he is willing to work with Liberty Media if it does take majority control. Karmazin says, “I can assure you that the board and I are interested in accomplishing whatever Liberty wants to do, as long as it’s in the best interests of all shareholders.” Liberty’s John Malone was Mel’s BFF a couple of years ago when Malone fed in some much-needed capital to meet payments, but since Liberty has increased its stake in the satellite company to roughly 46% and is asking the FCC to acknowledge its de facto control, Mel and his company have disputed the claim.

Leave a Reply

Your email address will not be published. Required fields are marked *