Mel works fast, and is a man of his word. He announced on Fox that he intended to buy stock in Sirius XM Radio with his own funds, and now he has done just that.
According to SEC filings, Mel Karmazin bought 2,000,000 shares of Sirius XM Radio at an average price of $1.37 per share.
Upon the news, Sirius XM Radio shares have gone up 5% in after hours trading.
[ SEC Filing ]