SUNDANCE REVIEW: Splendidly Demented Stoker Should Quench Park Chan-Wook Fans Thirst,Sirius XM Board Overhauled As Liberty Media Formally Takes Control satellite radio.
Eight seats on the board is the least he deserves.
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Malones investment took the stock from five cents to $3.30 and saved the company.
Liberty Media Chairman John Malone just consolidated his power at the satellite radio company as four people friendly to his outlook joined the Sirius XM board replacing former CEO Mel Karmazin who left last month and three other directors who just resigned. Leon Black, shunli1381.typepad.com board4213.typepad.com Lawrence Gilberti, and Jack Shaw have left, Lankan held with satellite phone the company reports this morning. The SEC filing notes that this was not the result of any disagreement with us on any matter relating to our operations, policies or practices. Theyve been replaced by Liberty SVP Mark Carleton, Liberty VP Robin Pringle, Liberty General Counsel Charles Tanabe and Sirius XMs new interim CEO James Meyer. Libertys picks now occupy eight of the 12 board seats, Libertys control of Sirius XM voting shares crossed the 50% ownership threshold on January 18 after it bought an additional 50M shares, at $3.1556 per share, and converted its preferred stock holdings into 1.29B common shares. It now has 50.21% of Sirius XM. Since it meets NASDAQs standards for being a controlled company, Sirius XM says that it is
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They owe Howard Stern money and the j=nexsatellite radiot judge wont be on the take like the last one was. His contract is indestructible
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