SIRIUS XM CEO Touts Cash Flow, Defends High-Priced Talent

Yesterday, SIRIUS XM Radio CEO Mel Karmazin spent some time speaking to Neil Cavuto from Fox News. According to a recap by Bandon Matthews at seekingalpha.com, "Karmazin reiterated his position that Sirius XM is now a cash flow growth story as opposed to a subscriber growth story...[and]...will enable the company to pay down debt, buy back shares of its stock and make acquisitions." (Howard Stern, Photo: SIRIUS XM Radio)

During the interview, Karamzin said he was not interested in any other job offers now and also defended highly-paid content like Howard Stern, denying Stern was "overpriced". Stern originally went to SIRIUS Satellite Radio for $500 million dollars over 5 years prior to the SIRIUS XM merger.

Recent SIRIUS XM News: SIRIUS XM Satellite Radio to Offer Hotline, Programming, Free Cookbook

SIRIUS XM CEO Touts Cash Flow, Defends High-Priced Talent originally appeared on About.com Radio on Tuesday, November 17th, 2009 at 04:46:15.

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Posted on November 17, 2009
Filed Under Radio Resources News

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