Karmazin Plans Exit as Liberty Gets Sirius

Mel Karmazin resigned as chief executive of Sirius XM Radio Inc., throwing in the towel after an extended battle with John Malone’s Liberty Media Corp. over control of the satellite-radio broadcaster.


Liberty to Convert Shares to Gain Control of Sirius

Liberty Media Corp.’s cold war with Sirius XM Radio Inc. Chief Executive Mel Karmazin just turned hot.

Sirius: Don’t Fret About the Subscriber Shortfall

That forecast for 1.6 million net adds still holds.

A Beat for Sirius, But No Stern Deal–Yet

Another strong set of financials for Sirius XM Radio. Posting third-quarter earnings this morning, the company reported a profit of 2 cents a share, besting analyst estimates for a break-even quarter.

Time to Start Taking Sirius Seriously Again

“In 2010, investors will get a real indication of how good our performance can be. I feel really good about our future prospects.” That’s what Sirius XM Satellite Radio CEO Mel Karmazin had to say during the company’s second-quarter earnings call this morning, and he had good reason to say it.

Sirius Tunes In Subscriber Gains

Just about this time a year ago, Sirius XM Radio was up a certain creek with nary a paddle in sight. Its shares were trading at around 35 cents, it was hemorrhaging money, and anemic car sales had just led it to post its first-ever decline in net subscriber additions. Which makes the satellite-radio operator’s announcement of a nice spike in subscribership today all the more sweet.

Sirius Posts a Profit

Sirius XM Radio’s latest quarter turned out to be a decent one for the satellite radio operator. Posting first-quarter earnings this morning, the company reported a profit of $41.6 million, or one cent a share, compared with a year-earlier loss of $52.6 million, or seven cents a share.

Sirius: We’ll Just Put This Delisting Notice in the Circular File

It was inevitable, really. Having given up the gains that pushed its shares past $1 and failed to close over that threshold for 10 straight days by March 15, Sirius XM invited a delisting notice. And Wednesday afternoon Nasdaq gave it one.

Sirius Back Above a Buck

Sirius XM Radio is a penny stock no more. Shares of the satellite radio company rose above $1 this morning, the first time they crossed that threshold since September 2008. As I write this, Sirius shares are trading at $1.07, up 11.46 percent for the day.

Stern Leave Satellite for Internet Radio? Over Sirius CEO’s Dead Body.

With Howard Stern’s five-year Sirius XM satellite radio deal set to expire in January 2011, there’s been a fair bit of speculation that he might return to terrestrial. Given Stern’s obvious affinity for the permissiveness of satellite, it seems unlikely that he’d ever give it up to return to “regular” radio, but would he decamp for Internet radio? Sirius CEO Mel Karmazin doesn’t seem to think so.

Stern Ditching Sirius for Terrestrial?

Not Bad, Sirius. Not Bad.

Sirius Breaks Even

Sirius XM: Cash for Clunker

Heck of a Job, Karmi