Mel Karmazin

Mel Karmazin
Mel Karmazin
	Karmazin at the 2004 Peabody Awards
Born	August 24, 1943 (age 81); Long Island City, New York, U.S.
Nationality	American
Alma mater	Pace University
Spouse(s)	Sharon Matlofsky (divorced); Terry Malia (2001–present)
Children	Dina Leslie Karmazin Elkins; Craig Karmazin

Melvin Alan "Mel" Karmazin (born August 24, 1943)

XM merged with Sirius in 2008). In October 2012, Karmazin announced that he would be stepping down on February 1, 2013. Upon his departure, John C. Malone took over Karmazin's role at SiriusXM.^[3]

Early life and education

Karmazin was born to a Jewish family in Long Island City, Queens in New York City.^[4] His father was a taxi driver and his mother a factory worker.^[4] He first worked as a typist for an advertising firm in high school^[4] and then started selling radio ads at the age of 17.^[5] He graduated from Pace University with a bachelor's degree in business administration.^[2]

Career

After school, he worked for Columbia Broadcasting System selling ads for their radio division.

Infinity Broadcasting in 1981. Soon after he would add fellow New York stations WKTU and WFAN into Infinity's stable. WFAN morning talent Don Imus often referred to Karmazin on the air, never by name, but by the nickname "The Zen Master".^[6]

Karmazin ran Infinity for 15 years, then sold the company to

BET, Comedy Central, Paramount Pictures and Showtime

, absorbed CBS Corporation as of 2000.

As an executive of an even bigger conglomerate, Karmazin and Viacom chief Sumner Redstone had many differences, leading to Karmazin's resignation in May 2004.^[7] Karmazin later said he didn't get along with Redstone and found it difficult to be "No. 2" at a company, but particularly under Redstone. The two executives continued to snipe at each other through the media even a year after Karmazin left Viacom.^[5]

Karmazin became the CEO of Sirius in November 2004. He was a strong supporter of radio personality Howard Stern at Viacom,^[7] and Karmazin joined Sirius Radio shortly after the company signed Stern. In his first year at Sirius, Fortune magazine reported in November 2005, Karmazin reached deals with Ford and BMW to include the company's radios in their new cars and helped launch Sirius's first portable music player (both initiatives were in the wake of Sirius's rival, XM Radio, pioneering those moves). He also recruited Martha Stewart to Sirius, acquired the programming rights to NASCAR, and raised $500 million in debt financing.^[5]

Karmazin was inducted into the Broadcasting Hall of Fame, the

National Radio Hall of Fame

, a recipient of the National Association of Broadcasters National Radio Award, and the IRTS Gold Medal.

Karmazin's reported 2012 pay and severance from Sirius XM amounted to over $255 million.^[8]

Personal life

In 1994, Karmazin divorced his wife Sharon Karmazin with whom he has two children: a daughter Dina Leslie Karmazin Elkins (born 1971) and a son Craig (born 1975). Sharon is the retired director of the East Brunswick Library and established the Karma Foundation dedicated to the development and enrichment of Jewish life.

Good Karma Broadcasting, which owns eleven radio stations in four states, including eight sports radio stations. Dina graduated from the University of Miami and married in 1993.^[10] Karmazin is a resident of Greenwich, Connecticut

.