Mel Karmazin Wants To Be A CEO Again
January 16, 2013 at 4:05 AM (PT)
Former SIRIUS XM RADIO CEO MEL KARMAZIN made his first public appearance since leaving the satcaster and said he's looking for a new job. He told CNBC's DAVID FABER that he's in his "second retirement," and discussed with his wife that he wants to retire one more time.
BLOOMBERG notes, "KARMAZIN would like to be in a role with control similar to TIME WARNER INC. CEO JEFF BEWKES or WALT DISNEY CO. CEO BOB IGER, although at a smaller company with more 'turnaround' opportunities."
KARMAZIN joined SIRIUS as CEO in 2004, and made big moves including hiring HOWARD STERN and merging with XM SATELLITE RADIO in 2008.
It was in 2008, that, on the brink of bankruptcy, SIRIUS first got into business with LIBERTY MEDIA, which took controlling interest in 2012. LIBERTY provided SIRIUS with a $530 million loan, and received a 40% stake in the company.
KARMAZIN told FABER that he may contact NEW JERSEY Governor CHRIS CHRISTIE to offer help in the rebuilding of the JERSEY SHORE from Hurricane SANDYs damage if he can’t find another media job.
Watch the full interview here.