Mel Karmazin to present at Media and Money conference - Orbitcast

Mel Karmazin to present at Media and Money conference

| 14 Comments
Mel KarmazinSirius XM Radio Inc. chief executive officer Mel Karmazin is scheduled to present at the Media and Money conference, hosted by The Nielsen Company and Dow Jones, according to the conference brochure.

The conference runs October 14 - 15 and will be at the Mariott Marquis in NYC. Mel Karmazin's presentation is scheduled for 9:35am ET.

Karmazin is expected to discuss profitability in the company, and what it will take to make Sirius XM a major media player in the marketplace. He will also give his view of where the radio industry is headed and the media industry as a whole.

[Media and Money Conference]
Thanks William!

14 Comments

Awesome. Now we can see the thirties...

Keep your mouth shut Mel, unless you plan on saying you got a good financing deal.

Would this be a venue where Mel would announce a refinancing deal?

I'm torn, because even a GREAT announcement in this market might now do ANYTHING.

Sirius has the WORST luck in the world.

Just imagine IF the FCC approved the merger when it SHOULD HAVE in the winter of 2007.

MOST OF US would have had the opportunity to get out instead of being stuck now.

SUCKS.

Will he give out shares of SIRI stock as gifts? nah, even Mel doesn't want to look THAT cheap.

UGH

Is he going to be honest about the stock that is shitting the bed, or just more spin?

I guess this is where he declares BK

You should assume that any financial deal announced by Mel would be a huge headline in the news world since the credit market is still clogged. I just hope he refrains from the spinning everything as usual, I don't want to hear about comcast being the only sub co. that has more subs than Siriusxm. To be real honest though I hope Mel does not use this stage to blame the economy for the demise of Siri. I'm not Houdini but I just refuse to believe that anything bad is coming from mel considering he has been hiring more talent and company executives during these shity times.

You must be kidding. This is the best time to be a CEO unless you run a banking company. No matter how badly you do...just blame the credit market. Betcha Mel takes home a whopper bonus for getting the great merger done.

One of the reasons that I invested in this company was because people kept telling me that Mel Karmazin was the "Golden Boy of Radio", and that when people bet against him, he has a way of making naysayers eat their words. Well Mel, an awful lot of people have entrusted their good faith, their loyalty, and their money in the belief that you are the man that can defy the odds and overcome adversity. To me, satellite radio is about entertainment. About excitement. About possibilities. Everytime I turn it on, it transports me to a safe haven, far away from the drudgery and monotony of my daily existence. I really love the service, and I would miss it immensely if it were no longer available. I realize that he (Karmazin) has major obstacles to overcome, and that the economic landscape is a disaster (again, thank you very much, Mr.Bush). But.... with a fabulous product and over 19,000,000 subscribers, many of whom are passionate about the technology and the service, one has to wonder what it is that is keeping satellite radio from having mass appeal. Why is it, evidently, a "niche" product? It amazes me that not only don't people know that Sirius and XM have merged, but I run into people all the time who have never even heard of satellite radio! Maybe it's time to start utilizing this thing called television. You know, that thing that millions of people sit in front of like zombies, entranced for hours each day, insatiable in their appetite for consuming one trash show after another. They believe what they hear on television; TV wouldn't lie to them, or at least they don't think so!

My point is that a really good commercial for Sirius/XM, like the one with the falling I-pods that ran many months ago, just might create some awareness. If someone doesn't even know that satellite radio exists, what are the odds that they will be buying a radio anytime soon? Exactly. Fundamental mistakes are being made all over the place with the way this company is being run, and nothing is being done about it. The pricing plans are ridiculous (and a rip off). They eventually need to have one brand name, because too many people are confused. Just make things SIMPLE, because Joe six pack and soccer mom get frustrated really fast with all the options and choices. The American public can get excited over anything; they go bonkers over any crappy thing that comes along. They just have to be convinced, and it doesn't take much to do it. Think... Sarah Palin. Think.... the movie "Wild Hogs." You get my point. Create some excitment, Mel. If you don't, satellite radio may just wither away. By saying and doing nothing, at the very least it is headed for the endangered species list !!!

The company is in the red. Investors/Wall St. have been clamoring to control/cut cost. Running a national TV advertising campaing is a multi-million dollar endeavor. you can't have it both ways thus the challenge. it's not as easy as you make it appear, steve. Your post is spoken like a true liberal dem. Spending more while cutting costs is an impossible feat.

yeah do what the republicians do just spend spend spend and never pay it back. Oh and destroy the country while your at it. Im with Steve when you need a billion total to see green whats a few mill. Doesnt have to be a major campain just a cheap fast commercial.

Steve, very good points...and "Anonymous" coward, you're reply to him was typical rhetoric as you obviously have nothing to say and nothing to counter with.

To take "Anonymous" coward's one attempt at saying something remotely worth reading...it is all about how you allocate your resources. Where do you direct your resources, and how do you do it in a cost effective manner?

The big mistake both companies have made, in their individuals ways is: they did not push the music, the choices, the diversity in the right way.

The big reason people who love music subscribe to satellite radio is because they're sick and tired of consultantized, 200-song playlists, and 12-18 minutes of commercials every damn hour (among other things).

They like if not love hearing lots of new music from emerging artists, and hearing the new work of established artists who consultants have decided are too old to be played on terrestrial radio (Willie Nelson is a great example of this; he has made some of the better music of his career the past 15 or so, but commercial country stations won't play him because he's too old they think).

Are you listening, Mr. Karmazin?

The push needs to be on the music, and how excellent and wide open it can be. We all know about Howard, O&A, the NFL, baseball, Mad Dog, etc.; now...push the music, let the programmers program it the way it's meant to be done, and it will help the companies flourish.

Mel, are you listening? No more consultants, no more pre-programmed, computerized playlists a la terrestrial radio. The doors are already open, don't close them.

It's one step on a path satellite radio must continue to take, along with other, more careful steps in terms of programming, but also finances.

Back to the original point: take what you have and allocate it right. It will in the long run equal success.

Anonymous - Thank you for the economics lecture. We "liberal dem's" like myself need all the advice we can get. Thank God you came along just in the nick of time to set me straight! This company could take a small fraction of the money they have squandered all over the place and run some commercials. One of their cost cutting measures was to ante up $15,000,000 for Chris Russo. Mel Karmazin made $32,000,000 last year, and is reportedly worth in excess of $8,000,000,000. I never said that it was easy, but it would be a hell of a lot easier if they had a conscience about money and would be a bit more responsible in how they spend it. They spend money like a lottery winner in a whorehouse; tweak those priorities a little and I'm sure they could at least run an ad in the local Pennysaver. It would be a start.

Again, good point Steve. For the life of me, I cannot understand why Sirius-Xm is not attracting the large advertisers, and I mean major advertising dollars by now. With a seamless nationwide platform, fast growth rate, and over ninteen million dedicated regular listeners, there's really no excuse why quality companies are not clammoring for spots by now. I realise the budget is extremely tight right now, but marketing for satellite radio seems almost nonexistant. Is that anyway to run a huge media company that is on the verge of profitability next year?

Black Dog - You made some very good points yourself; it is really so much about common sense AND giving the subscribers what they want! I have to say, I'm glad that you recognize what a BLOWHARD "anonymous" is. To suggest that Sirius/XM can't allocate enough money to run a commercial is absurd.

Your point about the music is right on. I have noticed recently that many channels are starting to sound more and more like terrestrial radio-repeating the same songs much more often, less diversity, etc.- and if they pull that bullshit, satellite radio will lose what makes it appealing and unique to it's hard core listeners. Your Willie Nelson reference is so correct; an icon and a legend, who has paved the way for so many and is still at the top of his game, can't get played on any country stations! Of course, it really isn't country music they are playing, but rather pop music masquerading as country; the emphasis on hot/young "artists" who will appeal to a very narrow demagraphic. It is this sort of crap that made me turn off terrestrial FOREVER. I hope to God that satellite doesn't succumb to diluted playlists and start to resemble a glorified top 40 radio service. I will cancel in a heartbeat if they stop "pushing the music" as you say. The music is the GO TO attraction, MEL, so don't fuck with it. It always has been, and it always will be.

Hey anonymous, on your "Spending more while cutting costs is an impossible feat." Maybe you never heard of the Triple Constraint but it goes like this: Increase scope (a la "spending more" to do more such as TV marketing) while cutting costs (e.g., trimming merged entity, white collar fat and using econometric tools such as finding and implementing efficiencies with existing resources, etc.) may mean more time will be needed to execute on the company's general campaign to achieve profit and FCF. Scope, cost, and time--pick any two. Nothing is impossible for the knowledgeable and determined.