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swanksalotThe affidavits in the Howard Stern and Sirius case portray the Sirius CEO Mel Karmazin as the villain and most vocal opposition of Stern at Sirius.
Howard Stern's production company is suing Sirius XM for $75 million in unpaid bonuses. These bonuses were supposed to be stock based incentives to be awarded to Stern based on his performance.
In the affidavit filed by Howard Stern and his agent Don Buchwald it is clearly mentioned that Karmazin was not happy with the deal offered to Stern by Sirius XM and felt that Stern was being grossly overpaid. Howard Stern's initial contract had been valued at $500 million in cash and stock. The main issue of contention is that of the 10 million XM subscribers who came with the merger with Sirius. According to Stern they should be counted in his performance count since they subscribed to the station because of him.
In contention, Sirius rejected Howard Stern's claims and said that only half of the 10 million count. The company was apparently let down to hear of the legal action by Stern.
May 29 2011 by
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Jordanhill School D&T DeptHearing are being held on the proposed merger of digital satellite radio providers Sirius and XM, and the audiocast of these hearings will be made available online, as a live audio feed, beginning Monday, March 7. the Canadian Radio-Television and Telecommunications Commission (CRTC) will hold hearings in Gatineau, Quebec where they will review the merger application from Sirius and XM that will change their effective control as part of the merger transaction.
A corresponding merger took place between the US operations over two years ago. The audio feed will be available on the CRTC website. The merger has already been approved by shareholders of both companies via shareholder vote, and the companies' goal with the merger is to create a leading Canadian media company and nationwide audio entertainment provider that will enhance the long-term success of satellite radio in Canada.
April 2 2011 by
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dpstyles™The Wall Street Journal is launching a new daily talk radio program hosted by Michael Castner. The program will be a live evening show called "The Daily Wrap from The Wall Street Journal with Michael Castner", and it is scheduled to debut in spring 2011.
It will be a news, talk, and opinion based broadcast live from the Journal's headquarters in New York City each weekday evening. Mr. Castner will break down the major news and developments of the day on a range of topics that are relevant to the investing world, including world news, politics, entertainment, health, technology, sports and more. Other Wall Street Journal reporters and editors will also be featured on the program to give insight and analysis. Mr. Castner has stated that his goal for the show is to quickly and informally capture the essence of the day's top issues, and to debate topics with other experts in a conversational rather then confrontational style.