Siri Stock Thread Feb 2012
Quote:
Originally Posted by
Chicago Gary
Didn't see this posted anywhere. Mel just renewed the leases:
SiriusXM tunes in 2 renewals
Posted: 11:31 PM, January 31, 2012
Talkative SiriusXM radio has zipped lips when it comes to its business plans, but we discovered the Mel Karmazin-led company has renewed leases at two city hot spots.
The deals encompass about 130,000 square feet at 1221 Ave. of the Americas and 85,923 square feet at 5 Penn Plaza.
At 1221, the station takes up floors 19, 36 and 37 while the Penn deal encompasses floors 11 and 22. Both buildings carry rooftop antennas to bounce the programs into space.
Read more:
http://www.nypost.com/p/news/busines...#ixzz1lEV4FJvZ
Chicago Gary, it is good to see you back posting again. I missed that story but I remember when Mel was first hired commenting about how lavish that space is and that they would look for cheaper space in the future. I guess the cost of relocating the offices outweighed the benefits of lower rent somewhere else.
p.s. i found that quote proving once again that i am right more than 99% of the time:
If Karmazin had his way, he would have already moved out of Sirius’s fancy digs in Midtown Manhattan – two floors of fully outfitted glass and steel radio studios for its roster of stars like Martha Stewart and Eminem in the tony McGraw-Hill building, including a specially built wing for Stern. When Karmazin first got the job at Sirius, he walked into the offices and said: "Oh, my God. We have a lease here? Do we know we’re losing money and this is radio?"
The lease lasts for at least several more years, he says, "so I have no Jewish guilt." When it is over, he suggested jokingly, they may have to move the company to Queens or New Jersey.
http://www.redorbit.com/news/enterta...an_just_nerve/