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Karmazin Joins Sirius Satellite Radio

Nov 18, 2004  •  Post A Comment

Mel Karmazin has surfaced. More than six months after he was ousted as the president and chief operating officer of Viacom, Mr. Karmazin on Thursday was tapped to become the CEO of Sirius Satellite Radio, joining radio personality Howard Stern at the company.

Mr. Karmazin replaces Joseph Clayton, who will remain chairman of the board.

Mr. Clayton described Mr. Karmazin’s hire as “the final piece in the turnaround of Sirius,” and said that Mr. Karmazin’s departure from Viacom represented “a unique opportunity” for Sirius.

It also marks a reuniting of sorts for Mr. Stern and Mr. Karmazin.

The hiring of Mr. Karmazin is the latest in a string of news coming from the New York-based company. In October Sirius struck a five-year $500 million deal with Mr. Stern to bring his popular radio show to Sirius after he announced he would not renew his contract with Viacom’s Infinity Broadcasting. The company also has a deal with the National Football League to be the exclusive satellite radio partner of the league.