Sirius XM Radio promotes Meyer to interim CEO (Update)

Dec 19, 2012

(AP)—Satellite radio company Sirius XM Radio has named one of its executives, James Meyer, as its interim CEO while it looks for a replacement for Mel Karmazin.

The New York company said Wednesday that its search committee is looking at candidates from within the company, including Meyer, as well as outside the company to fill the CEO post on a permanent basis.

Karmazin had been CEO since 2004, overseeing the 2008 merger between Sirius and its rival, XM Satellite Radio and then leading the combined company. Sirius had said in October that he planned to step down in early 2013. There had long been speculation he would leave because of an expected takeover by Liberty Media Corp.

Meyer, president of sales and operations, will also become a board member.

Explore further: New iPhones deliver big profits for Apple (Update)

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Liberty to boost stake in Sirius XM to 45 pct

May 08, 2012

(AP) -- Billionaire John Malone's Liberty Media Corp. said Tuesday that it will spend $650 million to increase its effective control of satellite radio company Sirius XM Radio Inc. to 45.2 percent.

Sirius XM earns small profit in 4Q

Feb 25, 2010

(AP) -- Sirius XM Radio Inc. on Thursday posted a small profit for the fourth quarter as it added subscribers and cut costs.

Recommended for you

Yahoo profit surges on Alibaba divestment, mobile

6 minutes ago

Yahoo said Tuesday its quarterly profit surged with its sale of shares in Chinese Internet powerhouse Alibaba, and also saw improving results from its mobile Internet initiatives.

Turner channels removed from Dish amid pact spat

5 hours ago

Channels such as Cartoon Network and CNN are no longer part of Dish's programming lineup as a deadline has passed for the satellite TV provider and Turner Broadcasting to renew their distribution agreement.

Verizon reports higher 3Q net income, revenue

6 hours ago

Verizon Communications Inc. on Tuesday reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its high-speed FiOS Internet services.

Amazon, Simon & Schuster sign book retail deal

14 hours ago

Amazon has reached a deal with American book publisher Simon & Schuster, the companies said, though the e-commerce giant remains at loggerheads with France's Hachette over e-book pricing.

User comments : 0