When will Howard leave Sirius since Mel is leaving 2/1/13?

Discussion in 'The Howard Stern Show' started by The Cocksman, Oct 25, 2012.

  1. The Cocksman

    The Cocksman Well-Known Member

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    Sirius XM Radio Inc. (SIRI) Chief Executive Officer Mel Karmazin said he will leave on Feb. 1 after clashing with John Malone, the billionaire who plans to take control of the satellite-radio operator.
    Karmazin, 69, will also leave the board, according to a statement yesterday. Malone’s Liberty Media Corp., which owns almost 50 percent of New York-based Sirius, is awaiting U.S. Federal Communications Commission approval to take control.
    The two sides have dueled verbally over Karmazin’s future, with Liberty Media CEO Greg Maffei saying last month the former CBS and Viacom executive was replaceable. Karmazin, who clashed with Viacom Chairman Sumner Redstone earlier in his career, has said he was probably too expensive for Liberty.
    “You have two really big media moguls,†David Bank, an analyst with RBC Capital Markets, said in a Bloomberg Television interview. “Mel didn’t have a fantastic experience working forSumner Redstone. Our sense was probably that he didn’t want to work for another big media mogul. He wanted to be the decision-maker himself, and the future of the company is going to be driven by Malone.â€
    A company spokesman said Karmazin declined to participate in an interview. He announced his impending resignation to Sirius employees in an e-mail last night, touting the company’s accomplishments in his eight years as CEO.
    Sirius rose 0.7 percent to $2.89 at the close in New York. The shares have increased 59 percent this year.
    [h=2]Decision Maker[/h]Malone, 71, helped Sirius avoid bankruptcy in 2009, lending the company $530 million. That deal earned Liberty billions, gave it a 40 percent stake in Sirius and put Malone on a path to control.
    Malone said in July he plans to spin off Sirius after gaining control. Liberty, based in Englewood, Colorado, plans to eventually execute a Reverse Morris Trust and distribute the shares to its investors while avoiding paying taxes on the separation.
    Differences with Karmazin emerged in March, when Liberty sought FCC approval to exercise control of Sirius without majority ownership of the stock. The executive opposed that move, and it was denied. Liberty reapplied in August, saying it intended to raise its stake to more than 50 percent. It has been adding shares since and is awaiting the end of the public-comment period.
     
  2. The Cocksman

    The Cocksman Well-Known Member

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    Now that Mel is gone and Howardison AGT he's gonna buy his contract out.
     
  3. The Cocksman

    The Cocksman Well-Known Member

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    Doesn't anybody care about Howard anymore?
     
  4. isabella

    isabella VIP Extreme Gold

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    the great thing about all this is that john malone will cut out alot of dead wood (like ross zapin and howard).
    this is probably what howard was referring to when he said "this is devastating".
     
  5. The Cocksman

    The Cocksman Well-Known Member

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    What's devastating for Howard is that the man, Mel, that's had his back for 30 years is gone.Malone is not a stupid man and knows if Howard leaves Sirius will go belly up.
     
  6. Quietus

    Quietus New Member

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    Right after Chimney Manor gets swept into the ocean!
     
  7. R.P. McMurphy

    R.P. McMurphy Well-Known Member

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    ...sirius can use their digital technology to stream video content, theres way more money in it the question is will they use howard stern kind of money to secure a client to get hbos content. thats the reason netflix is just ok no hbo. i really think sirius can do much more than radio.
     
  8. The Cocksman

    The Cocksman Well-Known Member

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    Good question.
     
  9. AGT Blows

    AGT Blows Well-Known Member

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    After Mel left CBS, they fucked with Howard non-stop. Malone seems like he'll unleash a shit storm on the overpriced pelican.
     
  10. The Cocksman

    The Cocksman Well-Known Member

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    This is when the fun starts.
     
  11. Herc

    Herc New Member

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    Malone Will Unleash Hell On Wiggy . . .

    [video=youtube;8IPzpaD4UOE]https://www.youtube.com/watch?v=8IPzpaD4UOE[/video]
     
  12. Dump Button

    Dump Button Former Mall Security Guard

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    Uh huh huh he's 69
     
  13. baby booie

    baby booie Active Member

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    Howard will definitely leave before his 5 year contract is up, and who knows if it really is a 5 year contract by the way with all of Howard's lies.

    Those flunkies on the show better start looking for future employment
     
  14. username

    username Well-Known Member VIP

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    Not much will happen. Howard have 2 more years in his contract. Malone may try to pay Howard to leave, but that would be a waste of money. Just let grandpa sit his contract out.
     
  15. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    i figure howard will leave either when they stop paying him, or when he can get out of his contract' non-compete clause.
     
  16. IlluminatiJones

    IlluminatiJones New Member

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    not fixed, as it wasn't broken, but enhanced
     
  17. FlatTimmy

    FlatTimmy Well-Known Member

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    Exactly. The company is just turning itself around. Why rock the boat? Liberty will honor most of the SiriusXM contracts.
     
  18. FlatTimmy

    FlatTimmy Well-Known Member

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    Sirius is already fucking with him because of the law suit. There are bad feelings on both sides at this point. Maybe once the appeal is settled and the new people arrive, he may actually have a better relationship with company. But I don't think we will see much of a difference as listeners. The show will go on as it has for the last few years, supplimented by recycled tapes and novelty shows. I wonder what they're going to do in nights once Ferrall leaves.
     
  19. Howard Stork

    Howard Stork "Big Nosed and Jewish"

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    Hopefully, Howchie will leave Sirius before this coming Monday.
     
  20. Gena

    Gena Member

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    half the idiots on that show would be lucky if a burger joint offered them a job. i see lots of unemployment and / or wellfare checks, bankrupcies and divorces for some of the staff when the show ends. at least nut jobs like ass napkin and wendy will fade into obscurity in their half way houses and stop polluting the airwaves.