Mel Karmazin Net Worth is20.2 $Million
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Melvin Alan "Mel" Karmazin (born August 24, 1943) is an American executive. He co-founded and was the president of Infinity Broadcasting and eventually became the president and chief executive officer of CBS. As of 2008, he is the CEO of Sirius XM Radio. Karmazin plans to step down February 1, 2013, as John C. Malone moves ahead with a plan to take over SiriusXM.
Born in Manhattan, New York, Karmazin was selling radio ads at the age of 17. He graduated from Pace University with a bachelor's degree in business administration and worked his way up from the bottom rungs of the radio ladder in New York City.
Karmazin presided over New York's WNEW-AM (now WBBR) and WNEW (now WNEW-FM) for Metromedia when he was approached to run Infinity Broadcasting in 1981. Soon after he would add fellow New York stations WKTU-FM 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".
Karmazin ran Infinity for 15 years, then sold the company to Westinghouse, then parent of CBS. For most of his career he has been known as a "Wall Street darling" for his ability to drive up the price of his various companies' stock. "The joke about him was that he was so pushy that advertisers used to buy airtime from Mel just to get him out of their office," according to a Fortune magazine article.
When Infinity merged with CBS Corporation in January 1997, Karmazin would first head CBS Radio as chairman and CEO. By May of the same year he would become Chairman and Chief Executive Officer of the CBS Station Group, overseeing the network's radio and television properties. He served as President and Chief Operating Officer of CBS Corporation from April 1998 until January 1999. Viacom, a media conglomerate that includes CBS, UPN, MTV, 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

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Mel Karmazin Latest News

CBS CEO Moonves to seek autonomy following any deal with Viacom: sources

He received over $70 million under the agreement. Similarly, when CBS merged with Viacom in 2000, the company's bylaws gave Mel Karmazin, who was president and chief operating officer of the combined company reporting to Redstone, full operating control.
Posted: October 10, 2016, 2:42 am

SiriusXM: Why Mel Karmazin Stands In The Way Of A Liberty Media Buyout

Financial airwaves are buzzing over speculation that Liberty Media Corporation (NASDAQ:LMCA) may increase its 40% stake in satellite radio company SiriusXM (NASDAQ:SIRI). Fueled by the recent decision to change Liberty Media’s tracking stock structure by ...
Posted: December 2, 2011, 1:51 am

Rutgers Announces Initiative to Launch Center to Support Adults with Autism

executive director of the Mel Karmazin Foundation, in partnership with the Rutgers University Foundation. Dina Karmazin’s son, Hunter, was diagnosed with autism at age 2, and the Karmazin Foundation has been active in autism causes. Photo: Courtesy of ...
Posted: November 4, 2015, 6:11 am
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