[09-14-12] Liberty Media <\/b>Chairman John Malone is planning to replace Sirius XM<\/b> CEO Mel Karmazin in an attempt to gain control of the satellite-radio company, according to a Sept. 14 report published in the New York Post<\/i>.<\/p>\n
Liberty Media is Sirius XM\u2019s largest shareholder with a little less than 50 percent of its stock. According to a source named in the report, Liberty Media will kick off a CEO search as soon as Karmazin\u2019s contract runs out at the end of this year.
\n Liberty Media informed the U.S. Federal Communications Commission that it plans to increase its stake above 50 percent and has asked the agency for approval to proceed. Karmazin has been fighting off Liberty Media\u2019s attempts and predicted he would replaced if Liberty gained control of the company during a Sept. 13 Bank of America media conference.
\n \u201cMy instincts today are that Liberty does not need me at the company,\u201d Karmazin said. \u201cI have historically been expensive.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
[09-14-12] Liberty Media Chairman John Malone is planning to replace Sirius XM CEO Mel Karmazin in an attempt to gain control of the satellite-radio company, according to a Sept. 14 report published in the New York Post. Liberty Media is Sirius XM\u2019s largest shareholder with a little less than 50 percent of its stock. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-82470","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/82470"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=82470"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/82470\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=82470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=82470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=82470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}