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Tuesday, November 17, 2009

“There is no chance I would ever take another job outside of Sirius XM”, says Karmazin

The CEO has a wide-ranging 12-minute sitdown with Neil Cavuto on Fox Business and talks about the satellite radio business model (healthy, now that the rivals are merged). About politics (he thinks Obama is “a great leader” but wishes he’d focus on jobs). And his own future. There’s speculation about Mel Karmazin leaving satellite radio to run a merged NBC Universal under Comcast, but he says although “I would be perfect” to run it, “there is no chance” he would leave Sirius XM. He says “what I don’t want to do is run another large media company”, as he did at Viacom under Sumner Redstone. Cavuto asks about the large paychecks for Sirius XM talent such as Howard Stern, and Karmazin says that’s how you manage the big personalities – “by paying them a lot of money.”

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