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In other words, Karmazin earned more than 96.8% of executives. [6], In 1997, Karmazin interned at Infinity-owned WIP in Philadelphia. I have a grandchild that’s on the spectrum. Karmazin received $24.1M in option awards, accounting for 86% of the total pay in 2008. He served as President and Chief Operating Officer of CBS Corporation from April 1998 until January 1999. A short time later, he purchased WKNR. He also recruited Martha Stewart to Sirius, acquired the programming rights to NASCAR, and raised $500 million in debt financing.[5]. [3], In 2006, he entered the Cleveland market simultaneously purchasing the gospel music station WABQ 1540 and the rights to the ESPN brand from sports talk station 850 WKNR, reformatting WABQ as a sports station. Mel Karmazin. In October 2012, Karmazin announced that he would be stepping down on February 1, 2013. 1971) Son: Craig (b. Mel Karmazin Why Is Everyone So F-ing Proud To Have “Cut The Cord”? While Mel Karmazin plots strategies to expand a media empire that already includes CBS and Viacom, his only son, Craig Karmazin, concentrates on the … Dina graduated from the University of Miami and married in 1993. [9] Born: 24-Aug-1943 Birthplace: New York City. Craig Karmazin. Mel Karmazin made Infinity Broadcasting one of the most profitable media companies in the United States in the 1990s. Founder and Chief Executive Officer of Good Karma Brands (GKB), and the son of Mel Karmazin, former CEO of Sirius Satellite Radio and former CEO of Viacom. Why is… And Malone’s 42-year-old son, Evan, sits on Liberty ’s board and lately has worked in engineering and real estate in Philadelphia where he also runs a wine bar. Mel Karmazin Wikipedia 2020. [5] He graduated from Emory University with a B.B.A. sharon karmazin … [5] He graduated from Pace University with a bachelor's degree in business administration. He was a strong supporter of radio personality Howard Stern at Viacom,[7] and Karmazin joined Sirius Radio shortly after the company signed Stern. And, his father, Mel Karmazin, CEO of Sirius XM Radio, is a big hitter in the broadcast industry. Craig Karmazin (born July 11, 1975) is the founder and Chief Executive Officer of Good Karma Brands (GKB), and the son of Mel Karmazin, former CEO of Sirius Satellite Radio and former CEO of Viacom. Jan 10, 2021 Craig Karmazin salary income and net worth data provided by People Ai in northern New Jersey,[2][3] the son of Sharon and Mel Karmazin. Array "SiriusXM Chief Mel Karmazin to Step Down in February", "Sirius Fun: Mel Karmazin finds new media is a lot like what he used to love", "KING OF ALL RADIO RADIO MOGUL MEL KARMAZIN MADE MILLIONS FOR DON IMUS, HOWARD STERN, AND HIS BACKERS ON WALL STREET. Soon after he would add fellow New York stations WKTU-FM and WFAN into Infinity's stable. Mel Karmazin Photo: Courtesy of Dina Karmazin [3] Karmazin liked the area due to its proximity to the University of Wisconsin campus as well as being in the heart of Green Bay Packer territory. He co-founded and was the president of Infinity Broadcasting and eventually became the president and CEO of CBS. Topic. I talked to so many people over the Holidays in Gstaad – all telling me they “no longer have television. There were difficult times like a much longer than anticipated merger process, challenging times, like the near bankruptcy of the company, and great times, like emerging from a bankruptcy scare and delivering the company to a very profitable status. 2" at a company, but particularly under Redstone. [1], Karmazin was born in northern New Jersey,[2][3] the son of Sharon and Mel Karmazin. Share. By June 2004, Karmazin was … Mel Karmazin's Compensation vs. Media Medians. In 1994, Karmazin divorced his wife Sharon Karmazin with whom he has two children: a daughter Dina Leslie Karmazin Elkins (born 1971) and a son Craig (born 1975). Sharon is the retired director of the East Brunswick Library and established the Karma Foundation dedicated to the development and enrichment of Jewish life. Mel Karmazin : biography August 24, 1943 – Melvin Alan "Mel" Karmazin (born August 24, 1943) is an American executive. The deal brought Redstone together with CBS chief Mel Karmazin, another tough-talking executive from humble origins. Dina Karmazin’s son, Hunter, was diagnosed with autism at age 2, and the Karmazin Foundation has been active in autism causes. Gender: Male Religion: Jewish Race or Ethnicity: White Sexual orientation: Straight Occupation. Karmazin was inducted into the Broadcasting Hall of Fame, the National Radio Hall of Fame, a recipient of the National Association of Broadcasters National Radio Award, and the IRTS Gold Medal. Watch the newest ads on TV from Walmart, 23andMe, Starbucks and more. Sharon is the retired director of the East Brunswick Library and established the Karma Foundation dedicated to the development and enrichment of Jewish life. Classification Viacom, a media conglomerate that includes CBS, UPN, MTV, BET, Comedy Central, Paramount Pictures and Showtime, absorbed CBS Corporation as of 2000. WHAT IS WRONG WITH YOU IDIOTS?!! Rankings. In the world of radio, when they talk about a guy named Mel, there is little doubt about who they mean.Mel Karmazin, the most feared visionary in the … He was CEO of Infinity Broadcasting and was formerly president and CEO of CBS Corp. As an executive of an even bigger conglomerate, Karmazin and Viacom chief Sumner Redstone had many differences, leading to Karmazin's resignation in May 2004. Mel Karmazin, the former CEO of Sirius XM Radio, was a key leader in fundraising for the project along with his daughter Dina Karmazin Elkins, executive director of the Mel Karmazin Foundation. He is currently the principal owner of Good Karma Broadcasting, which owns eleven radio stations in four states, including eight sports radio stations. mel karmazin net worth 2018. Rankings. 1994, one daughter, one son) Daughter: Dina (b. Karmazin ran Infinity for 15 years, then sold the company to Westinghouse, then the parent of CBS. Wife: Sharon Karmazin (div. Dina Karmazin’s son, Hunter, was diagnosed with autism at age 2, and the Karmazin Foundation has been active in autism causes. [2], After school, he worked for Columbia Broadcasting System selling ads for their radio division. Karmazin also received $1.3M in salary, $2.8M in stock awards and $6.9K in other compensation. 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. The two executives continued to snipe at each other through the media even a year after Karmazin left Viacom. People similar to or like Craig Karmazin. [3] In 1997, he secured a $3.5 million loan from a New York City bank and purchased three radio stations in the Madison area[3] and then went on to purchase more stations in small towns: two in Wisconsin and one in Rockford, Illinois. Mel Karmazin Net Worth 2019 #171 Mel Karmazin - Forbes.com. [5] When Infinity merged with CBS Corporation in January 1997, Karmazin would first head CBS Radio as chairman and CEO. Yesterday. [4] At Metromedia, Karmazin presided over New York's WNEW-AM (now WBBR) and WNEW-FM when he was approached to run Infinity Broadcasting in 1981. From 2004–2012, he was the CEO of Sirius Radio (re-branded Sirius XM Radio after XM merged with Sirius in 2008). [3] As of 2012, Good Karma Broadcasting owns twelve radio stations in four states including eight ESPN-affiliated, sports radio stations. ... Mel Karmazin * Age: 56. He bought son Brent’s stake in National Amusements to settle a lawsuit in 2007. Mel Karmazin is similar to these people: Les Moonves, Howard Stern, David Nevins (television producer) and more. sharon karmazin net worth Jan 10, 2021 Eddie Daniels Accomplishments , The net cost for both stations was $9.5 million. His first job was selling bikes at The Sports Authority. [1] Craig Karmazin followed in his father's footsteps, when he began an internship at Infinity-owned WIP (AM) in Philadelphia in 1997. Craig Karmazin (born July 11, 1975) is the founder and Chief Executive Officer of Good Karma Brands (GKB), and the son of Mel Karmazin, former CEO of Sirius Satellite Radio and former CEO of Viacom. In 1994, Karmazin divorced his wife Sharon . [2] In 1998, Karmazin founded Good Karma Broadcasting, a sports radio firm in Beaver Dam, Wisconsin, 40 miles northeast of Madison, Wisconsin. Mel Karmazin (s.24. [4] In the late 1960s, Karmazin left to work for the broadcasting company Metromedia. 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. [5][7] In 2012, Good Karma expanded its operations opening three remodeled houses near Lambeau Field in Green Bay to entertain clients and fans as well as a Verizon Wireless store in Beaver Dam.[7]. Karmazin also received $1.5M in salary and $7.4K in other compensation. [10] Karmazin is a resident of Greenwich, Connecticut. Aside from that news, the proxy offers the usual info about executive compensation — including the 2012 package for former CEO Mel Karmazin… Overall he has done a good job. Highest Paid CEOs: #4 Mel Karmazin | The Motley Fool. Melvin Alan "Mel" Karmazin (born August 24, 1943) is an American executive. The deal brought Redstone together with CBS chief Mel Karmazin, another tough-talking executive from humble origins. Karmazin's reported 2012 pay and severance from Sirius XM amounted to over $255 Million. Upon his departure, John C. Malone took over Karmazin's role at SiriusXM. [7] Karmazin later said he didn't get along with Redstone and found it difficult to be "No. On July 16, 2014, it was reported that Karmazin purchased a minority stake in the Milwaukee Bucks of the National Basketball Association (NBA). He then entered larger markets purchasing a station West Palm Beach, Florida and two in Milwaukee, Wisconsin (WAUK, and formerly, WRRD),[7] and affiliated those stations with ESPN Radio. Melvin Alan "Mel" Karmazin (born August 24, 1943)[2] is an American executive. In 1994, Karmazin divorced his wife Sharon Karmazin with whom he has two children: a daughter Dina Leslie Karmazin Elkins (born 1971) and a son Craig (born 1975). We finally cut the cord!” And they all seem so f-ing happy and proud of themselves. In 2008, Mel Karmazin's compensation ranked 35th out of 9,135 executives tracked by ExecPay. NOW WATCH HIM MAKE WAVES AT CBS. It is for the benefit of his five grandchildren. From 2008-2012, he was the CEO of Sirius XM Radio. [4] His father was a taxi driver and his mother a factory worker. Mel Karmazin is a businessperson who has been at the head of 9 different companies and presently holds the position of President & Chief Executive Officer for XM Satellite Radio, Inc. Mr. Karmazin is also on the board of Autism Speaks, Inc., The Paley Center for Media, NYU Langone Hospitals and NYU Elaine A. Craig Karmazin (born July 11, 1975) is the founder and Chief Executive Officer of Good Karma Brands (GKB), and the son of Mel Karmazin, CEO of Sirius Satellite Radio and former CEO of Viacom. [8] Karmazin purchased the flagship station of the Packers and Brewers, WTMJ Radio, along with WKTI in the fall of 2018 from the E. W. Scripps Company, converting WKTI to a local sports station affiliated with ESPN Radio, with WAUK moving to a national schedule (WTMJ's schedule has remained as-is). Caroline De Maigret, His first job was selling bikes at The Sports Authority. Mel Karmazin, CEO of SiriusXM Radio (NASDAQ:SIRI) has been at the helm of the company for years now. The son of Eastern European immigrants--his father drove a taxi, his mother worked in a curtain-rod factory--Karmazin grew up in a housing project in Long Island City, New York, in … AKA Melvin Alan Karmazin. [3], Karmazin was born to a Jewish family in Long Island City, Queens in New York City. [4] [2] His parents divorced in 1994. [4] He first worked as a typist for an advertising firm in high school[4] and then started selling radio ads at the age of 17. He co-founded and was the president of Infinity Broadcasting and eventually became the president and CEO of CBS. Craig Karmazin (born July 11, 1975) is the founder and Chief Executive Officer of Good Karma Brands (GKB), and the son of Mel Karmazin, former CEO of Sirius Satellite Radio and former CEO of Viacom. In 1994, Karmazin divorced his wife Sharon Karmazin with whom he has two children: a daughter Dina Leslie Karmazin Elkins (born 1971) and a son Craig (born 1975). The son of former Sirius XM Radio chief Mel Karmazin, Craig owns WAUK-AM 540 (ESPN's Milwaukee's ESPN Radio owner Craig Karmazin Feb 01, 2021 Good Karma Broadcasting founder Craig Karmazin is … In his first year at Sirius, Fortune magazine reported in November 2005, Karmazin reached deals with Ford and BMW to include the company's radios in their new cars and helped launch Sirius's first portable music player (both initiatives were in the wake of Sirius's rival, XM Radio, pioneering those moves). The $37-billion deal brings together Redstone, a Harvard-educated Bostonian, and Karmazin, the son of a Queens, N.Y., cabdriver. Karmazin's reported 2012 pay and severance from Sirius XM amounted to over $255 Million.[8]. His father is the former chief operating officer of Sirius Satellite Radio and former president and chief operating officer of Viacom. Known for his ruthless cost-cutting measures and talent for closing a deal, Karmazin was a key player in the historic shake up of the radio industry during that decade. & Kenneth G. Langone Medical Center. "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. From 2004-2012, he was the CEO of Sirius Radio (re-branded Sirius XM Radio after XM merged with Sirius in 2008). MEL KARMAZIN: The pin I’m wearing is a logo for Autism Speaks. In 2010, Mel Karmazin's compensation ranked 337th out of 10,438 executives tracked by ExecPay. The net cost for both stations was $9.5 million. WFAN morning talent Don Imus often referred to Karmazin on the air, never by name, but by the nickname "The Zen Master".[6]. Karmazin planned to step down February 1, […] elokuuta 1943 New York, New York) on yhdysvaltalainen yritysjohtaja ja liikemies, ja nykyinen Sirius XM:n toimitusjohtaja.. Karmazin toimi Infinity Broadcasting Corporationin (vuodesta 2005 alkaen CBS Radio) toimitusjohtajana vuodesta 1981 vuoteen 1996, jolloin CBS Corporation hankki sen omistukseensa. - April 14, 1997", "Learn About Syndication and How It Is the Cornerstone of Media", "GMI Ratings' 2013 CEO Pay Survey Reveals CEO Pay is Still on the Rise", New Jersey Jewish News: "NJ producer brings Potok book to the stage" by Debra Rubin, Biographical information on Karmazin at Sirius Satellite Radio Web site, "Corporate Overview" Web page at Sirius Satellite Radio Web site, Karmazin's political contributions, as tracked and updated by Newsmeat.com, https://en.wikipedia.org/w/index.php?title=Mel_Karmazin&oldid=995072878, Businesspeople from Greenwich, Connecticut, American chief executives in the media industry, Creative Commons Attribution-ShareAlike License, This page was last edited on 19 December 2020, at 02:08. Karmazin received $8.4M in bonus, accounting for 85% of the total pay in 2010. Personal life[edit]. Last edited on 16 December 2020, at 01:53, South Florida Business Journal: "Boyhood friends grow radio group" by Alexis Muellner, New Jersey Jewish News: "NJ producer brings Potok book to the stage" by Debra Rubin, Sports Business Daily: "Forty Under 40 – Craig Karmazin", New York Times: "WEDDINGS; Dina Karmazin, Andrew Elkins", Milwaukee Journal Sentinel: "Son of Sirius CEO creates own radio mini-empire based in Beaver Dam" By Bill Glauber, Karmazin buys stake in Bucks – Fox 6 Now.com, https://en.wikipedia.org/w/index.php?title=Craig_Karmazin&oldid=994505460, Creative Commons Attribution-ShareAlike License, This page was last edited on 16 December 2020, at 01:53. Craig Karmazin (born July 11, 1975) is the founder and Chief Executive Officer of Good Karma Brands (GKB), and the son of Mel Karmazin, former CEO of Sirius Satellite Radio and former CEO of Viacom. [5] He has one sister, Dina Leslie Karmazin Elkins (born 1971), and one daughter Harper Karmazin (born 2010). He co-founded and was the president of Infinity Broadcasting (formally known as CBS Radio now Entercom) and eventually became the president and CEO of CBS television . Martin 1 Scott Martin BUAD 455.01 September 22 nd, 2010 “Biography of Mel Karmazin” CEO of Sirius XM Radio INC” The purpose of this paper is to outline the life and career path of Mr. Mel Karmazin, the CEO of the SIRIUS XM Radio INC. Craig Karmazin (born July 11, 1975) is the founder and Chief Executive Officer of Good Karma Brands (GKB), and the son of Mel Karmazin, former CEO of Sirius Satellite Radio and former CEO of Viacom.. Best Loose Leaf Tea Flavors, However, Celebworth estimates her fortune at $50 million. [9] In June, 2001, Karmazin married his longtime executive assistant, Terry Malia. Founder and CEO of Good Karma Brands is Craig Karmazin, the son of Mel Karmazin, former CEO of Sirius Satellite Radio and former CEO of Viacom. I chose to dig deep into this individual because I am a customer of SIRIUS Satellite Radio and am interested in the merger between SIRIUS and XM. MBL @1116 (100.0%) on 12-sep-2018 [ Promotion of ceo:mel_karmazin ceoof company:cbs_evening_news ] using concept:ceo:mel_karmazin NELL has only weak evidence for items listed in grey professor [5], Karmazin became the CEO of Sirius in November 2004. Craig Karmazin is similar to these people: Mel Karmazin, Peter Hancock (businessman), Benny Higgins and more. His mother is the retired director of the East Brunswick Library and established the Karma Foundation in 1996 to provide grants in support of organizations engaged in activities and programs in the areas of Arts & Culture, Autism, Education & Literacy, Health & Human Services and Development & Enrichment of Jewish Life.

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