I agree. I think he's probably surprised that no one has offered him a job since he left SiriusXM. But Mel has stated that he can't work under anyone else...he needs to be the boss and frankly there are only so many of those positions available. As far as the part where he discussed Howard Stern's options the part that I found most interesting is the fact that Mel said Howard owned the rights to his library of shows. That's huge and sheds some more light on why SiriusXM needs to pay up to keep Howard. I had previously assumed the company owned the rights and if H.S. left it would be no big deal because they could/would just play re-runs of his past shows. That's obviously not the case.
I also found interesting his comments on the market in general and media stocks in particular. His "TINA" comments, particularly with regard to fundamentals and multiples looking good only because of stock buybacks and that insiders of these company's are not, themselves, buying stock...they only do it with other people's money, so they must not really believe in the "value"....not saying I agree or disagree with him on this...just food for thought. Remember, this is a guy that said "EPS is NOT the way to value a company like SiriusXM....FCF is the metric you need to focus on"....and here he is talking about EPS, and not a word about FCF.