mel karmazin

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.

Things are looking up at Sirius-XM. 'Shock Jock' Howard Stern is expected to stay with the satellite radio giant, where he reportedly earns 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 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.

MySpace founders have been pushed aside and there is speculation layoffs are coming. As Facebook and Twitter watch what's happening at MySpace, they should be worried and heed the warning of potential problems to come. Social-networking sites grow like weeds and, well, die like weeds...

In a classic case of "buy the rumor, sell the news," Sirius XM Radio (SIRI) has seen its stock fall 95 percent since Howard Stern's first satellite radio show. Stern, who reportedly received $500 million over 5 years to join Sirius in late 2005, helped boost subscribers when he joined. His presence...

Mel Karmazin, the CEO of Sirius XM (SIRI) is like a fireman rushing from house to house within his satellite radio company. Is the firm going bankrupt? Will someone take the company over and throw him out? Will car sales, which provide many of the new Sirius customer, drop so low that the firm will...

Sirius (SIRI) creditors may force out the company's CEO, Mel Karmazin. That threat may be leverage to keep management from taking the company into bankruptcy. The creditors know that they could be nearly wiped out if Sirius goes into Chapter 11. But firing Mel Karmazin after the company seeks court...