Sirius XM CEO Mel Karmazin Dismisses Rumors of Job Offer

By Brandon Matthews

In a Fox News exclusive, Sirius XM Radio (SIRI) CEO Mel Karmazin sat down with Neil Cavuto to discuss the current Satellite Radio environment. Karmazin reiterated his position that Sirius XM is now a cash flow growth story as opposed to a subscriber growth story, as he described the newly merged Sirius XM Radio’s generation of positive free cash flow. He indicated that free cash flow is what will enable the company to pay down debt, buy back shares of its stock and make acquisitions.

Seemingly frustrated with misconceptions of those critical of “overpriced” talent, Karmazin explained that he has been witness to such misnomers throughout his career, and that the company is prepared to pay what is necessary to attract and retain such talent as Howard Stern.

Karmazin dismissed any rumors that he might consider another job offer stating that he would not accept a job as number two to Warren Buffett and that no amount of money could convince him to leave Sirius XM Radio. Karmazin explained that he has no desire to run another large media company.

In taking on the competitive landscape, Karmazin likened the competition to an era where 8-track tapes were supposed to have been the end of terrestrial radio. Stating that Sirius XM realized trailing earnings of $2.5B a year, Karmazin goes on to explain that this interview, for example, was being listened to all over the country as it occurred on Sirius XM Radio, and that the content available on Sirius XM Radio is much more than just music.

Position: Long SIRI

Comments

[dead elvis:]

I have nice legs but hardly wear shorts. Dont know how u get that i am a leverage guy
Nope -its all about marketing not automobiles

'This ridiculous attitude you and "Bonita Bob" have of "if we build it- they will come"

Is a really really bad business model-And only good if the entire world economy stays stable for the interim

For with all the debt sirius has interest rates will be and you can quote me- 8 percent by yr end 2010-Whadda think that will do for their bottom line?

When was the last time gold was inflationary without interest rates-Somethings gotta give

Aint enough time for your model to work without advertising .
Sirius doesnt have time that u think they do.

You had better get rid of any loans floating on interest rates by Feb -Dont worry about me

And that aint no fish story.


On Nov 18 02:37 PM between the hedges_ wrote:

> I knew that I'd needle Dead Elvis with that one. Dead Elvis, don't
> forget, the auto companies continue and continue and continue and
> continue to FACTORY INSTALL these radios and pay for the service.
> MORE AND MORE people are continuing and continuing and continuing
> to re-up. With BANKRUPCY OFF THE TABLE, the stock will continue to
> rise as Tuna Amobi, your beloved friend, predicted with periods of
> small drawback profit taking consolidation. You must be one of the
> dumb retail shorts left behind by the big guys that continue to Cover
> Cover Cover with knowledge of the upside potential. Suck it up whiner.

Nov 19 03:18 PM

[Pell:]

Anybody else care to admit it. SatWaves care to answer the question posed earlier?

The readers have a right to know. And hey I'm jealous where do I apply for a job to be a paid blogger?

Nov 19 03:19 PM

[Pell:]

Dead Elvis most of SIRIXM debt have interest rates higher than 8%, so bad point.

And you must be too young to remember TV without cable, because the selling point with cable wasn't advertisement it was seeing it and deciding it beat the heck out of free TV.

SIRIXM and the automobile business along with the free 3 to 6 month sub gives people the opportunity to hear it, and just as it was with cable once you hear it it beats the heck out of free radio. And at $12 a month its a bargain. As I said before a haircut cost more. So here goes another referrence to something that may be before your time. Do you use the FLOBEE for a haircut? LOL anyone remember that part vacuum cleaner part hedge clipper combination and those silly commercials?

Nov 19 03:35 PM

[Pell:]

So far I'm guessing RAF and SatWaves are paid. Just a guess not an accusation. Anybody else have thoughts on others?

Nov 19 03:37 PM

[1more4me:]

RAF, I can't take it--- I got too..Ignorance is Bliss and he's jakin my Bliss up...

Pell, Read the challenge a above. First- you are either an amateur newbie or at best someone in dire need of a stockbroker... Your post reek of a complete lack of understanding the basic fundamentals of Reverse Splits, SIRI Management, or anything else about the stock markets in general, and basically just babble that gets read for the comic relief more than anything... Your challenge: Here are 4 companies in the last 3 months that R/S'd- two on strength- two for salvation- NONE are in a better spot now. Just for fun, I ran a screen that looked for R/S in the past year and overall about 85% that R/S'd are dead or dying- 15% are above the neckline and of those, I looked at 3-- AIG- was 78% owned by the Government now- and the other two in the process of being acquired- and that was the reason they are up...

VRNM- R/S 1 for 12. Was 7.40, R/S Sept 10th---is now 4.05- might live...
TECZ- R/S 1 for 100. Was 2.30, R/S Sept 29th---is now .57- dying...
HCKI- R/S 1 for 50. Was .40, R/S Oct 27th ----is now .02 -dead...
FMGM- R/S 1 for 10. Was .10, R/S'd to $1 Nov 4th ----is now .10 again...

I know this won't convince you R/S is a bad thing- you far too dull to comprehend an opposing point of view no matter how laced it is with FACT and near 3 decades of hand's on trading experience- in fact, since you read the word acquired above and is sounded cool- you'll probably tell us all about how that will happen now based on some unfounded rumor going around... And-I'll bet you'll spend just enough time looking at the facts above to come up with the first possible discountable reason to babble on about why these don't apply and tell us again why you think R/S is a great idea... It's not- you are wrong. I win- you lose- suck it!
AND- No affiliation to no one- Don't own a single SIRI product and probably never will. Just the stock- Short- Long - or up your bung hole- as long as the trade is Green!
RED Trades to you loser---GREEN TRADES to everyone else...

Nov 19 03:38 PM

[R A F:]

Right on! This amateur is worth reading for comic relief only.


On Nov 19 03:38 PM 1more4me wrote:

> RAF, I can't take it--- I got too..Ignorance is Bliss and he's jakin
> my Bliss up...
>
> Pell, Read the challenge a above. First- you are either an amateur
> newbie or at best someone in dire need of a stockbroker... Your post
> reek of a complete lack of understanding the basic fundamentals of
> Reverse Splits, SIRI Management, or anything else about the stock
> markets in general, and basically just babble that gets read for
> the comic relief more than anything... Your challenge: Here are 4
> companies in the last 3 months that R/S'd- two on strength- two for
> salvation- NONE are in a better spot now. Just for fun, I ran a screen
> that looked for R/S in the past year and overall about 85% that R/S'd
> are dead or dying- 15% are above the neckline and of those, I looked
> at 3-- AIG- was 78% owned by the Government now- and the other two
> in the process of being acquired- and that was the reason they are
> up...
>
> VRNM- R/S 1 for 12. Was 7.40, R/S Sept 10th---is now 4.05- might
> live...
> TECZ- R/S 1 for 100. Was 2.30, R/S Sept 29th---is now .57- dying...
>
> HCKI- R/S 1 for 50. Was .40, R/S Oct 27th ----is now .02 -dead...
>
> FMGM- R/S 1 for 10. Was .10, R/S'd to $1 Nov 4th ----is now .10 again...
>
>
> I know this won't convince you R/S is a bad thing- you far too dull
> to comprehend an opposing point of view no matter how laced it is
> with FACT and near 3 decades of hand's on trading experience- in
> fact, since you read the word acquired above and is sounded cool-
> you'll probably tell us all about how that will happen now based
> on some unfounded rumor going around... And-I'll bet you'll spend
> just enough time looking at the facts above to come up with the first
> possible discountable reason to babble on about why these don't apply
> and tell us again why you think R/S is a great idea... It's not-
> you are wrong. I win- you lose- suck it!
> AND- No affiliation to no one- Don't own a single SIRI product and
> probably never will. Just the stock- Short- Long - or up your bung
> hole- as long as the trade is Green!
> RED Trades to you loser---GREEN TRADES to everyone else...

Nov 19 03:49 PM

[dead elvis:]

Donno What their interest rates are based on- if not fixed they are variable with any fluctuation of other interest rates-the company will be in trouble-No Marketing is key and it starts will them marketing themselves on a product already delivered on directv called xm

Or they need to nix xm on directv and makes us pay 5 bucks a month to have it-Id pay it-so would you-How many people have directv that get some xm for free-20 plus million

You do the math-since u are so opinionated

Got that info on the rates?


On Nov 19 03:35 PM Pell wrote:

> Dead Elvis most of SIRIXM debt have interest rates higher than 8%,
> so bad point.
>
> And you must be too young to remember TV without cable, because the
> selling point with cable wasn't advertisement it was seeing it and
> deciding it beat the heck out of free TV.
>
> SIRIXM and the automobile business along with the free 3 to 6 month
> sub gives people the opportunity to hear it, and just as it was with
> cable once you hear it it beats the heck out of free radio. And at
> $12 a month its a bargain. As I said before a haircut cost more.
> So here goes another referrence to something that may be before your
> time. Do you use the FLOBEE for a haircut? LOL anyone remember that
> part vacuum cleaner part hedge clipper combination and those silly
> commercials?

Nov 19 03:56 PM

[Pell:]

Ahh another person who does half the research.

VRNM after R/S in Sept which was done because their time clock went off raised $12.3MM on another public stock offering. Wonder why it went down. Furthermore all earnings estimates are negative and they never beat estimates. And a negative net worth to boot.

TECZ is a pink slip stock with $2MM in revenues. Definitely a penny stock manipulation. Who analyst don't even recognize.

HCKI another pink slip money stock that there is no information nor does anyone care.

FMGM.PK has changed its symbol to NAGP.PK another pink slip penny stock. With absolutely no information.

Tested again and rest my case. RAF backing another losing horse. Now that is trend you should follow RAF.

1more4 me it appears you also visit pennystock.com, huh.

I thought intelligent people would understand including penny pink slip stocks with no interest or information would be a given.

RAF you better disassociate yourself with that fellow. UGH!


On Nov 19 03:38 PM 1more4me wrote:

> RAF, I can't take it--- I got too..Ignorance is Bliss and he's jakin
> my Bliss up...
>
> Pell, Read the challenge a above. First- you are either an amateur
> newbie or at best someone in dire need of a stockbroker... Your post
> reek of a complete lack of understanding the basic fundamentals of
> Reverse Splits, SIRI Management, or anything else about the stock
> markets in general, and basically just babble that gets read for
> the comic relief more than anything... Your challenge: Here are 4
> companies in the last 3 months that R/S'd- two on strength- two for
> salvation- NONE are in a better spot now. Just for fun, I ran a screen
> that looked for R/S in the past year and overall about 85% that R/S'd
> are dead or dying- 15% are above the neckline and of those, I looked
> at 3-- AIG- was 78% owned by the Government now- and the other two
> in the process of being acquired- and that was the reason they are
> up...
>
> VRNM- R/S 1 for 12. Was 7.40, R/S Sept 10th---is now 4.05- might
> live...
> TECZ- R/S 1 for 100. Was 2.30, R/S Sept 29th---is now .57- dying...
>
> HCKI- R/S 1 for 50. Was .40, R/S Oct 27th ----is now .02 -dead...
>
> FMGM- R/S 1 for 10. Was .10, R/S'd to $1 Nov 4th ----is now .10 again...
>
>
> I know this won't convince you R/S is a bad thing- you far too dull
> to comprehend an opposing point of view no matter how laced it is
> with FACT and near 3 decades of hand's on trading experience- in
> fact, since you read the word acquired above and is sounded cool-
> you'll probably tell us all about how that will happen now based
> on some unfounded rumor going around... And-I'll bet you'll spend
> just enough time looking at the facts above to come up with the first
> possible discountable reason to babble on about why these don't apply
> and tell us again why you think R/S is a great idea... It's not-
> you are wrong. I win- you lose- suck it!
> AND- No affiliation to no one- Don't own a single SIRI product and
> probably never will. Just the stock- Short- Long - or up your bung
> hole- as long as the trade is Green!
> RED Trades to you loser---GREEN TRADES to everyone else...

Nov 19 04:06 PM

[Pell:]

Its an insult you even put SIRIXM in that company.

Nov 19 04:07 PM

[1more4me:]

Wrong...
I Win- You lose!
Your Challenge was answered exactly- and you did exactly as I said you would... I get two WINS- You look like twice the retard!
Inexperienced jerkwad with ZERO Credibility.
NEXT!


On Nov 19 04:07 PM Pell wrote:

> Its an insult you even put SIRIXM in that company.

Nov 19 04:15 PM

[Pell:]

Now 1more4me check out the difference between the rest of the 85% losers you mentioned and the 15% winners. I'll guess SIRIXM has more in common with the 15% and the 85% is made of penny stock boiler room specials. Probably none of them ever hit more than a $100MM in revenues.

C'mon stop treatin people like fools in here it is insulting.

Nov 19 04:16 PM

[Pell:]

I rest my case! See below.


On Nov 19 04:15 PM 1more4me wrote:

> Wrong...
> I Win- You lose!
> Your Challenge was answered exactly- and you did exactly as I said
> you would... I get two WINS- You look like twice the retard!
> Inexperienced jerkwad with ZERO Credibility.
> NEXT!

Nov 19 04:20 PM

[Jerrold Wil...:]

LOL.....RAF.went and got back up from 1more4me, and Pell destroyed both of them....This is so entertaining. Finally, someone to challenge these paid bloggers!!! It should be clear now who is the amateur and who in the room speaks reality!
As the self appointed judge of truth: 1more4me YOU LOSE! Go back into your hole and wait for RAF to need your help again. You took a bad loss here..Embarrassing...stay off this blog for a while.

Nov 19 05:03 PM

[JMaddox:]

I know you do.

How much do you charge for your cheapest cup of coffe and how much for your most expensive? Humor me.


On Nov 19 02:21 PM Mr. Stupid wrote:

> Curiousity is something I don't dwell into. No, I do not drink Starbucks
> Coffee. I have a local family owned coffee shop that I manage and
> flourish with exceptional customer service and product.
>
> There is a Starbucks down the street and they don't do half the business
> we do. In fact they have started malicious advertising bashing our
> store.
>
> Starbucks is just like McDonalds and Wal-mart. As soon as they get
> big they loose touch of what made them successful from the start.
>
>
> yadda yadda,
>
> Mr. Stupid

Nov 19 05:12 PM

[connorport:]

Never argue with an idiot. They can only bring you down to there level and beat you with experience. You being a coffeehouse operator in odds with a local starbucks should make you understand what SIRI long investors are experience here, being bashed by big money media outlets while providing the far superior product that poses a threat to their business. I myself invite competition to the table and outperform their quality of work. If noone has anything to compare to, how do they know when they have something better?


On Nov 19 02:25 PM Mr. Stupid wrote:

> I can't agree more Scooter, many pretentious posts that state specifics
> and dilusional thoughts. Too bad many can't see through the BS.
>
>
> Mr. Stupid

Nov 19 05:19 PM

[dead elvis:]

5dollar surcharge for xm on directv-or its gone

About 20million subscribers on Directv =100million in new revenue

15bucks a month for xm in car/100M-is the equivilant of 6.7 million new subs dollar wise-

instantly-

You dont have to wait for automobiles oh hum to put hardware in etc etc

Anyone familiar with that contract of xm and directv?

Nov 19 05:42 PM

[Mr. Stupid:]

Saying that's what the board wants isn't relevant and is just generalization.

Very unsophisticated way of thinking and non-specific.

Mr. Stupid


On Nov 19 02:44 PM Pell wrote:

> Still waiting for Mr. Stupid's technical analysis. And read my comment
> on what all Boards want. Thats fact not speculation and extremely
> specific.
>
> Of course they all want the stock to fly to the moon the next day,
> now that is were dillusional thoughts come into play.

Nov 19 06:05 PM

[Mr. Stupid:]

But you're only one laughing.....I bet you walk around by yourself and laugh at your own jokes too, right?

Mr. Stupid


On Nov 19 05:03 PM Jerrold Williams wrote:

> LOL.....RAF.went and got back up from 1more4me, and Pell destroyed
> both of them....This is so entertaining. Finally, someone to challenge
> these paid bloggers!!! It should be clear now who is the amateur
> and who in the room speaks reality!
> As the self appointed judge of truth: 1more4me YOU LOSE! Go back
> into your hole and wait for RAF to need your help again. You took
> a bad loss here..Embarrassing...stay off this blog for a while.

Nov 19 07:15 PM

[Jerrold Wil...:]

I learned a long time ago, not to talk to stupid people. Much less people that are proud to be Mr. Stupid. No comment to you is needed. Your name says it all.

On Nov 19 07:15 PM Mr. Stupid wrote:

> But you're only one laughing.....I bet you walk around by yourself
> and laugh at your own jokes too, right?
>
> Mr. Stupid

Nov 19 07:26 PM

[JMaddox:]

Mr. Siri-Dumb Stupid, since you will not answer me I will tell you what I was getting at. Lets say your mediocre semi-stupid cup of joe costs $1.50 and your Super Stupid cup costs $3.50. If you rely on repeat customers to keep your "local family owned coffee shop that I (you) manage and flourish with exceptional customer service and product" you will do everything you can to keep the business running. But that fact is this people want variety and a lot of it. Your little family owned coffee shop is terrestrial radio while Starbucks is SiriusXM. Starbucks offers a wide array of products and a variety of flavors for only $0.50 to $1.50 more than they would at your shop. If you have loyal repeat customers that come to your shop everyday and buy your semi-stupid cup of joe, lets assume Monday through Friday, that would add up to $30.00 in a month. Is your coffee more satisfying than listening to "THE" best programming you can get on radio? I would rather wait until I get to work and drink free coffee so I can enjoy listening to commercial free radio. By the way I have been to your shop and your coffee and service suck.

Nov 19 10:43 PM