Mel Says Technology a Challenge For Old Media.
In an 8 minute interview on CNBC, his first since leaving SiriusXM, Mel Karmazin told David Faber technology puts business models such as radio at a disadvantage. "I think the technology that has come around has been very disadvantageous for terrestrial radio, newspaper and billboard companies. I was offered all of those kinds of companies to acquire when I was with SiriusXM. There was nothing I was interested in acquiring." Karmazin also says, despite the fact that consumers love their mobile phones and want their content everywhere at any time, the revenue isn't showing up yet.
"As more and more eyeballs go to mobile, the ability to monetize that it becomes even more challenging. I'm not sure the big dollars are going to be there. I don't know if you are going to be able to monetize it to the same degree as your old business." Karmazin said it's a great time to be a consumer because consumers have more ways to get their content. And he praised the NFL for being able to push its content out on so many different platforms, such as DirecTV, on cable the NFL Red Zone, on Sirius XM and on its digital platforms.
Admitting he can never be a the number two at any company, Karmazin also told Faber that although leaving Sirius XM was his second retirement, there will be another, indicating he's looking for one more job before he calls it quits. "I have to work for a public company with an independent board. So far, I truly can't come up with one."
You can watch the entire Faber interview HERE
(1/16/2013 12:30:11 PM) |
I believe Mel used to be on the Board at iBiquity - maybe, he could share some thoughts about Struble's scam.
(1/16/2013 11:48:13 AM) |
Would love to see Mel return to Radio...
(1/16/2013 11:30:56 AM) |
Maybe Mel could look around the radio business. A visionary could do well.
|- Ronald T. Robinson|
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