Malone controls shares convertible into more than 40% of the satellite radio company stock — but he’s talking like Sirius Xm will soon be his based on news coverage of his comments to reporters at Sun Valley. The Liberty Media Chairman said that he’d “prefer not to lose” Mel Karmazin, but the Sirius Xm CEO “said he won’t work for me so what am I supposed to do?” Malone didn’t mind taking a few jabs at Karmazin, though. He says that the former Viacom No. 2 exec — who had a famous falling out with Chairman Sumner Redstone — “needs to go back in history, transport himself back in time, mend his fences with Sumner and go be a new person. Relax, enjoy his success, bask in the glory, and enjoy his job. He does a great job. We love him.” Malone scoffed, though, at Karmazin’s claim that he’s underpaid.
- 7/12/2012
- by David Lieberman
- Deadline Film + TV
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