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224:, then the 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
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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
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had many differences, leading to
Karmazin's resignation in May 2004. Karmazin later said he didn't get along with Redstone and found it difficult to be "No. 2" at a company, but particularly under Redstone. The two executives continued to snipe at each other through the media even a year after
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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
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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). He also recruited
177:. His father was a taxi driver and his mother a factory worker. He first worked as a typist for an advertising firm in high school and then started selling radio ads at the age of 17. He graduated from
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510:"KING OF ALL RADIO RADIO MOGUL MEL KARMAZIN MADE MILLIONS FOR DON IMUS, HOWARD STERN, AND HIS BACKERS ON WALL STREET. NOW WATCH HIM MAKE WAVES AT CBS. - April 14, 1997"
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After school, he worked for
Columbia Broadcasting System selling ads for their radio division. In the late 1960s, Karmazin left to work for the broadcasting company
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merged with Sirius in 2008). In
October 2012, Karmazin announced that he would be stepping down on February 1, 2013. Upon his departure,
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at Viacom, and
Karmazin joined Sirius Radio shortly after the company signed Stern. In his first year at Sirius,
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enrichment of Jewish life. In June 2001, Karmazin married his longtime executive assistant, Terry Malia.
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served as president and chief operating officer of CBS Corporation from April 1998 until
January 1999.
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often referred to
Karmazin on the air, never by name, but by the nickname "The Zen Master".
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Karmazin's reported 2012 pay and severance from Sirius XM amounted to over $ 255 million.
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New Jersey Jewish News: "NJ producer brings Potok book to the stage" by Debra Rubin
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followed in his father's footsteps, when he began an internship at
Infinity-owned
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Karmazin's political contributions, as tracked and updated by Newsmeat.com
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As an executive of an even bigger conglomerate, Karmazin and Viacom chief
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Biographical information on Karmazin at Sirius Satellite Radio Web site
562:"GMI Ratings' 2013 CEO Pay Survey Reveals CEO Pay is Still on the Rise"
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in November 2004. He was a strong supporter of radio personality
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538:"Learn About Syndication and How It Is the Cornerstone of Media"
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in Philadelphia in 1997. He is currently the principal owner of
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Karmazin was inducted into the Broadcasting Hall of Fame, the
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Karmazin ran Infinity for 15 years, then sold the company to
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in 1981. Soon after he would add fellow New York stations
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with a bachelor's degree in business administration.
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117:(born August 24, 1943) is an American
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383:"Mel Karmazin's Signal Achievement"
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498:. Fortune.
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343:References
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165:family in
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119:executive
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101:Children
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185:Career
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257:and
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44:Born
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