Tag Archives: karmazin

Liberty Media Almost to the 50% Mark at Sirius XM

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Liberty Media is close to a 50% ownership position o f Sirius XM Satellite Radio after announcing on 9/12/2012 that it now owns 49.7% of the shares outstanding or equivalents. The Wall Street Journal reports that Liberty is likely to replace the Board and not likely to retain Mel Karmazin. Continue reading →

Liberty Media clears path to take control of Sirius XM

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Liberty Media Chairman John Malone, right, has moved to take control of Sirius XM, whose chief executive is Mel Karmazin, left. (SiriusXM, Liberty Media) August 17, 2012, 6:15 p.m. Liberty Media informed the Securities and Exchange Commission on Friday that it had acquired more than 48% of Sirius XM Radio’s shares and intends to push that amount above 50% in order to take control over the New York satellite radio company Continue reading →

Liberty's Malone says he should get premium in Sirius deal

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SUN VALLEY, Idaho (Reuters) – Liberty Media Corp Chairman John Malone has a message for Sirius XM Radio boss Mel Karmazin: “Don't forget about me.” The two men have been locked in a battle for control of Sirius, the satellite radio company that Karmazin runs, but where Liberty ranks as controlling shareholder, with a 46 percent stake. In late May, Liberty told the U.S. Federal Communications … Continue reading →