March 29, 2001 |
Mel Karmazin, Viacom Inc.'s chief operating officer, took a swipe at Walt Disney Co.'s plans to cut 4,000 jobs at a Hollywood luncheon Wednesday, telling the 750 or so entertainment executives in attendance, "That's not how you should run a business." Karmazin, who is in charge of the nation's second-largest media giant, opened an address at the Hollywood Radio and Television Society's luncheon in Beverly Hills on Wednesday by poking at Disney.
September 8, 1999 |
Viacom Inc. Chairman Sumner Redstone could not keep it bottled up: Just as Mel Karmazin, chief executive of CBS Corp., was describing his strategic vision for the merged CBS and Viacom for a national television audience, Redstone blurted out: "I'm in control! Remember--I'm in control!"
March 30, 2001 |
Viacom Inc. Chief Operating Officer Mel Karmazin's statement Wednesday that supporters of fired "BET Tonight" host Tavis Smiley were playing the "race card" sparked reaction Thursday from the Rev. Jesse Jackson, NAACP Chairman Kweisi Mfume and the Rev. Al Sharpton. Sharpton, who will lead a protest today in Washington outside BET headquarters, took the most aggressive stance. Mfume is expected to detail his position this morning, and Jackson sought reconciliation.
July 17, 2005
"Rivals, and Friends?" (July 10) was an interesting report on the satellite radio competitors Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. One is dismayed, however, to find that one of the competitors has hired as chief executive an executive from vacuous TV whose entire career has been based upon foisting tasteless entertainment upon the masses. Mel Karmazin, formerly of Viacom Inc., gives meaning to the New York media expression, "No one ever got rich by overestimating the taste of the public."
December 19, 2012 |
Sirius XM Radio has tapped James Meyer as its interim chief executive officer while the search for a permanent replacement for Mel Karmazin continues. Meyer, currently president of sales and operations, has been with the satellite radio broadcaster since 2004. He will also take Karmazin's spot on the Sirius XM board of directors. Karmazin, who announced his plans to resign earlier this fall, had said he would stay with Sirius XM until February. However, with the appointment of Meyer, Karmazin's resignation as CEO and board member takes effect immediately.
August 17, 2012 |
Liberty Media informed the Securities and Exchange Commission on Friday that it had acquired more than 48% of Sirius XM Radio's shares and intends to push that amount above 50% in order to take control over the New York satellite radio company. Liberty disclosed the plan several months after it failed to persuade the Federal Communications Commission to grant it control over Sirius based on its ownership of 40% of the company's shares. Sirius' chief executive, Mel Karmazin, rebuffed the takeover attempt at the time, saying Liberty's argument that its 40% stake was sufficient to gain control was akin to proclaiming "Forty is the new 50. " Liberty's chairman, John Malone, might have taken that barb to heart.