mel karmazin

This Week's Winners and Losers in Business

From a company that blew away analysts' expectations to a CEO misusing corporate jets, here's a rundown of this week's smartest moves and biggest blunders in the business world.

Sirius Earnings on Target as Subscriber Growth Continues

Sirius XM Radio on Wednesday posted a small profit in its second quarter, but reported better than expected revenue thanks to a jump in subscribers and improvements in its operations. Its net income was $15.3 million compared with a loss of $159.6 million one year ago.

Why Howard Stern Is Staying Put at Sirius

The outlook is looking brighter for Sirius-XM. 'Shock Jock' Howard Stern is expected to stay with the satellite radio giant, where he reportedly makes more than $100 million a year. Plus, revenue is expected to rise nearly 7% in the fourth quarter, although the company will still report a loss.

Howard Stern Leaving Sirius XM? CEO Hopes Not

Howard Stern may be headed back to terrestrial radio before long -- but not if Sirius XM CEO Mel Karmazin has his way. The shock jock's deal with Sirius pays him around $100 million a year, which the company may not be able to sustain.