Karmazin: I’d have sold Viacom but for Sumner

November 29, 2011

Photo (Reuters): Mel Karmazin, CEO Sirius XM

Sirius XM Satellite Radio chief Mel Karmazin on Tuesday stopped by the annual Reuters Global Media Summit to talk about his company, its future and to occasionally go down memory lane on a range of what if’s.

Sirius XM: no Howard Stern news today

November 18, 2010

Howard Stern

Fans of Howard Stern hoping to hear whether the shock jock will stay at Sirius XM might be disappointed if they tune into his channels, Howard 100 and Howard 101 Thursday afternoon. The Internet was atwitter after a web report said Stern was set to announce where he was taking his talents once his $500 million contract expires this year.

Microsoft-Yahoo provide a closer look at ad deal

August 5, 2009

By most accounts, the 88 percent revenue share Yahoo will collect from its advertising partnership with Microsoft is a pretty darn good number. Obviously, 90 percent is even better. And that’s exactly the share of revenue that Microsoft will pay Yahoo in the second half of their 10-year deal, according to a regulatory filing.******The filing casts more light on the details of the partnership. It also seemed to give a lift to Yahoo, whose stock rose slightly in early trade.******Here are five other key points from the filing …*** *** At least 400 Yahoo staffers will join Microsoft. The two companies will select an extra 150 employees to help with Yahoo’s transition to Microsoft’s search technology.

*** A definitive agreement is due to be signed by October 27, or they head for an arbitration panel.

*** Microsoft is paying Yahoo about $50 million a year during the first three years of the deal to help with transition costs.

*** The deal is limited to web sites, applications and “other online digital properties designed for use and consumption on personal computers.” But Yahoo can receive Microsoft mapping and mobile search if it wants.

*** Yahoo can kill the deal if the Yahoo and Microsoft’s share of the U.S. query market falls below a certain level. Either party can terminate the deal due to repeated material breaches of the agreement.

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***If you want more information on these provisions, or others, have a look here.******Keep an eye on:***

    *** What’s the Wall Street Journal’s policy when it comes to story embargoes? PaidContent has the latest rundown (paidContent.org)

    ***

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    *** Google is doing a little wheeling and dealing. It is buying On2 Technologies, and has sold its Google Radio Automation business (Reuters)

    ***

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    *** Sirius XM Radio’s stock has been on a run this week. Seems that investors are looking past what will likely be quarterly loss and focussing instead on new initiatives like “cash for clunkers” (Reuters)

    *** Looking for a less expensive digital book reader? Sony’s hoping to please (Reuters)

    ***

***(Photo: Reuters)

Liberty: Stern is safe — for now

February 17, 2009

So after two weeks of following all the twists and turns of Sirius XM’s attempts to avoid bankruptcy, CEO Mel Karmazin decided on John Malone, founder of Liberty Media, to come in as Sirius XM’s white knight with a $530 million loan . The loan will cover the satellite radio provider’s looming debt and help it avoid bankruptcy. As part of the deal Liberty will eventually take a 40 percent stake in Sirius’ equity.

For better or worse, here comes Ticketmaster/Live Nation

February 10, 2009

Will it survive? That’s the main question looming over today’s official news that Live Nation will indeed buy Tickemaster Entertainment, a deal that has been much in the news this week.

Redstone’s last picture show

December 4, 2008

Media mogul Sumner Redstone appears to be sticking with his decision to not sell more shares in Viacom and CBS. Here’s the Financial Times:

Mel says lost Sirius/XM channels worth every penny – to bottom line

December 3, 2008

If you’re an old Sirius or former XM subscriber who lost one or more of your favorite channels after the two satellite radio companies merged earlier this year, CEO Mel Karmazin has a message for you: Tough luck, it’s for the greater good.

Sirius XM on the iPhone

August 14, 2008

starplayr2.jpgWe’re not entirely sure if the current round of leaks will lift Sirius XM out of its $1.40 per share doldrums, but screenshots of a new iPhone application in development that will let users stream Sirius XM radio stations could put a new shine on the company.

Time to talk Time Warner

August 6, 2008

time-warner-center.jpg

Time Warner’s earnings may be better-than-expected, but the most arresting news out of its quarterly report isn’t really about the media company’s profit, revenue or forecasts. It’s about strategy.

Sirius XM: Are you ready for some radio?

July 29, 2008

New Sirius Logo

The marathon satellite merger for Sirius and XM is finally complete. (Check out the new “Sirius XM Radio” logo, above, provided by Sirius.)