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Stern Not Likely To Jump Ship Immediately
Was Howard Stern’s pledge to listeners last week that he would leave the company if former president/COO Mel Karmazin resigned a lot of hot air? He’s already floated the idea of jumping to satellite radio if the FCC’s push to eradicate indecency from the airwaves forces him to tone down his shock jock act, and last week went so far as to name two executives who would join him if he left Infinity.
Karmazin, however, is urging Stern and Viacom to make peace with each other. “Howard is a very important profit contributor to Viacom,” Karmazin reportedly told the Wall Street Journal. “Hopefully, Viacom will continue to support him, because he is clearly not broadcasting indecency."
"Howard made Mel rich, and Mel made Howard rich, and there is a loyalty there, and Mel has been a very staunch defender of Howard," Jon Mandel, co-chief executive of Grey Global Group Inc.'s MediaCom, told the Journal. "I hope Howard sticks around. It would be bad for the industry, it would be bad for radio and it would be bad for the fight against censorship if Howard decided to just throw a howling hissy fit."
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From the Publisher
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