And then again, Mr. Karmazin hinted he may try to sell Sirius-XM, like he has the ventures he has run before. "I'm not a visionary; I'm an operator," he said. "And I've been a seller. The bankers all want the next transaction."
The quote comes toward the end of a larger interview & look at the Sirius XM CEO. You can read the whole article (assuming you have a strong enough stomach for what Karmazin is feeding you) at this link here.
Back when Mel Karmazin was hired by Sirius and quickly took over the company, many people predicted that he would bulldoze a merger through, gut the company and then sell it. So far those predictions have or are coming true.
So who would be interested in buying the only satellite radio company in the US? Let's just say, Mel's been getting very chummy with the folks over at Clear Channel this year. If that should happen, one corporation with control the vast majority of all media communications in America. Way to go DOJ & FCC. Thanks for your short-sightedness, there. Way to go Mel also, for once again, laughing your way to both the bank & hell.
One more thing to thank Uncle Mel for: Now that a legal precedent has been set and DOJ & FCC are now allowing monopolies, despite past proven harm to consumers, my little prediction is quickly coming true: DirecTV & Dish Network are talking merger. The only two satellite TV services want to become one. You can read about it at the link here.
Oh, that Krazy Mel Karmazin. He's just like PT Barnum, but with no social conscience, no soul, seemingly billions of dollars at his disposal to play with, and no free balloons for the kiddies.