Karmazin To Speak At Liberty Media Investor Meeting
In an interesting press release toady it was revealed that SiriusXM CEO Mel Karmazin will be speaking at the Liberty Media 2012 Investor Conference. The reason this is interesting is because Liberty Media is in the midst of a takeover of SiriusXM, and the two companies have seemed to exchange a few “pot shots” over recent months. Make no mistake, there will always be posturing, but Karmazin, Malone, and Maffei are all businessmen that know when to throw a dart or two and when to hold back.
While it seems natural to think that there is some big news that will be announced, it is likely the improper forum to do so. Karmazin is CEO of SiriusXM. Announcing big news at the Liberty event would be a proverbial slap to SiriusXM shareholders. Is it possible some big news pops BEFORE this conference. Now that is an interesting topic. Stay tuned
The Liberty Media 2012 Investor Meeting will be held in New York City, on Wednesday, October 10, 2012 at approximately 1:00 pm ET. If you are invested in Sirius XM or Liberty Media, it may be in your best interest to set aside some time to listen to the webcast. Currently Liberty Media has an application in to the FCC seeking de jure control of SiriusXM. In addition, the Karmazin employment contract expires this year and the status of a possible renewal is up in the air.
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Liberty Media wants to sign a new contract for Mel Karmazin although they will not pay him as much as, they will make him a take it or leave it offer since they truly believe that he is replaceable.
poot shot? ewww, that sounds nasty!
Hopefully he will give us a preview on subscribers and Q3 results.
What would a Liberty Media investor conference be about if it didn’t include Sirius? They are getting rid of Starz. Not much else to talk about of significance other than Sirius. But like you said, not likely a place to make news, unless we hear from the FCC before then.
Very Interesting and i wouldnt have expected this unless somethings changed—News coming…