Wall Street Watch this Week: A Showdown for Satellite Radio
Filed under: JP Morgan Chase, Safeway, Costco, Wells Fargo & Co, Stocks in the News, Market News
When Liberty Media (LMCA) hosts its annual shareholder meeting on Wednesday, investors may do a double-take when they see Sirius XM Radio’s (SIRI) Mel Karmazin (pictured) take the stage.
Didn’t Liberty Media’s CEO call Sirius XM’s helmsman replaceable? Didn’t Karmazin himself suggest that he may be too expensive for Liberty Media to keep around after his contract ends in December?
Those things may be true, but Liberty Media and Sirius XM realize that they need each other right now. Liberty…
Wall Street Watch this Week: A Showdown for Satellite Radio originally appeared on DailyFinance.com on 2012-10-08T06:00:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/10/08/wall-street-watch-this-week-a-showdown-for-satellite-radio/