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Is The Gig Up For Mel at Sirius XM?

8-7-2012

Mel Karmazin has been with the company for eight years now and his contract is up at the end of this year. The Sirius XM spat with Liberty has lead to questions as to whether Karmazin will stay with Sirius XM. He addressed that issue yesterday on the company earnings call, sort of.

"Prior to the 3rd quarter earnings call, I think the board and I will deal with it." Karmazin also tried to downplay the rift that has developed with Liberty, almost pushing it off as something a reporter took out of context, although Karmazin did add, "I'm the biggest believer in free speech." Karmazin said Sirius XM is engaged with Liberty but they have not decided what they want to do, or at least they have not commented to us about it." We could learn a little bit more about what Liberty wants to do this morning at 10:45 when Liberty reports quarterly earnings to Wall Street.



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