Mel Karmazin, the satellite radio company’s colorful CEO, is on a victory lap of sorts with his stock up more than 29% so far in 2012. He told CNBC’s Jim Cramer last night that he’s glad to see shock jock Howard Stern become a judge on NBC’s talent show America’s Got Talent: Calling Stern the “greatest radio performer of all time”, he adds that “the bigger Howard gets … the better it is for us.” (Cramer didn’t ask about Stern’s suit claiming Sirius XM owes him money for helping to boost subs.) Karmazin adds that he feels “very good about subscriber growth” despite the 11.9% price hike in January to $14.49 a month.
By DAVID LIEBERMAN, Financial Editor | Friday March 9, 2012 @ 12:07pm ESTTags: Howard Stern, Mel Karmazin, Sirius XM Radio
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