Sirius XM CEO “Perfect” to Run Comcast-NBCU–Not That Sirius XM CEO Would Want To
Good thing Comcast (CMCSA) and General Electric (GE) plan to name NBC Universal Chief Executive Jeff Zucker as head of their proposed joint venture, because Sirius XM (SIRI) CEO Mel Karmazin doesn’t want the job. Not that he wouldn’t be a good candidate to run a merged Comcast-NBCU. Because as Karmazin himself told Fox Business Network’s Neil Cavuto, he’d be an excellent choice.
“There would be no question that I would be perfect to run it,” Karmazin said. “But there is no chance that I will ever take another job outside of Sirius XM. I just renewed my contract. It’s exactly what I want.”
Exactly what he wants, except maybe for that perennially-under-a-dollar share price–though according to Karmazin, that’s going to change. “I think today, you’ll start to see quarter after quarter of growth,” he said. “You’ll see us making free cash flow. You’ll see us with…over $2.5 billion of revenue. We’ll start to make money, and we’ll start to keep investing in content. And I think our future will be great.”
Unassuming guy, that Karmazin…