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Sirius XM CEO Mel Karmazin expects to leave after Liberty takeover

Sirius XM CEO Mel Karmazin expects to leave after Liberty Media takes over. (Associated Press)

Sirius XM Radio Inc. Chief Executive Mel Karmazin said he would likely leave the company when Liberty Media takes control of the satellite radio broadcaster.

Liberty, the largest shareholder in SiriusXM, currently holds just under 50% of the stock and has already told the Federal Communications Commission that it plans to acquire more than that and would like the regulatory agency to approve it as the outright owner when that happens.

Speaking at the Merrill Lynch Media, Communications and Entertainment Conference in Beverly Hills on Wednesday, Karmazin said he is willing to talk about staying but added, "If I were Liberty I would say, 'I'm not sure we need Mel.'"

Karmazin's contract with SiriusXM is up at the end of the year. He said he has had no negotiations with Liberty about a new deal in part because he thought doing so might suggest that he was not acting in the best interests of SiriusXM's other shareholders. SiriusXM has tried to fight the takeover in part because Karmazin feels Liberty is getting it without paying a premium.

While Karmazin said he is "open to having a conversation" about staying after the likely takeover, "my instincts today are Liberty does not need me at the company."

Asked what Liberty's ultimate plans for SiriusXM are, Karmazin said, "we really don't know what exactly their interest is ... they are not talking to us." Speculation is that Liberty will spin off SiriusXM to Liberty shareholders.

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Liberty Media clears path to control of Sirius XM

SiriusXM fights Liberty takeover move

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Sirius XM CEO Mel Karmazin expects to leave after Liberty takeover

Mel Karmazin Speculates His Reign as Sirius XM Radio CEO Will End Soon

Scott Wintrow/Getty Images

Liberty Media could announce as early as Wednesday that it has acquired a controlling stake in Sirius XM Radio, the satellite services CEO Mel Karmazin said. He also indicated that Liberty might not want him around much longer.

My instincts today are that Liberty does not need me, Karmazin said at the Bank of America Merrill Lynch Media, Communications & Entertainment Conference in Los Angeles.

I have historically been expensive, and, you know, its very clear to me that if I were Liberty, I would sit there and say, Im not sure we need Mel. And thats OK with Mel, he said, referring to himself in the third person.

STORY: John Malone's Liberty Media Boosts Sirius XM Stake to 49.7 Percent

Karmazins contract as CEO of Sirius XM runs through the end of the year. Liberty has been purchasing shares on the open market, driving the stock higher in recent months. Between the recently acquired shares and the preferred stock it already had, Liberty owns slightly less than 50 percent of the company, according to a recent filing.

Karmazin said he has had little contact with Libertys John Malone or its CEO, Greg Maffei, since Liberty began its quest in May to control Sirius XM -- not when Liberty tried unsuccessfully to get de facto control and not since it began purchasing large chunks of stock.

Liberty and we have not been having any conversations at all about what they are going to do, Karmazin said. He speculated, though, that Liberty would install a new board of directors and retain the company's current auditors.

STORY: Mel Karmazin Paid $10.7 Million in 2011

Karmazin said he plans to stick around while control for the company remains in flux, but he will not negotiate a new contract during these uncertain times for the company because he wants to avoid the appearance of conspiring against minority shareholders.

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Mel Karmazin Speculates His Reign as Sirius XM Radio CEO Will End Soon

Today in History for September 13th – Video

12-09-2012 23:21 Highlights of this day in history: Israel and the Palestinians sign a major accord; President George W. Bush takes responsibility for the federal response to Hurricane Katrina; Attica prison uprising ends; Rapper Tupac Shakur dies. (Sept. 13)

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Today in History for September 13th - Video

Social Media Marketing Agency, fishbat, Inc., Releases Statement Following Zuckerberg's Post-IPO Public Interview

Bohemia, NY (PRWEB) September 12, 2012

On September 12, 2012, social media marketing agency, fishbat, Inc., released a statement following Mark Zuckerbergs post-IPO public interview with Tech Crunchs Michael Arrington.

According to Scott Darrohn, COO of fishbat, Inc., during the course of Zuckerbergs interview with TechCrunch, Facebooks stock went up by over 4%. Darrohn continued to explain that the interview was focused on addressing concerns investors have regarding mobile applications and ad placement. fishbat, Inc. released their video press release series, fishbat Splash to address how the newest changes to Facebook will effect its stock and the face of social media marketing.

We want to make more money to build better services, stated Zuckerberg, the 28-year-old Facebook founder. A focus on iOs and Android platform integration will be a driving force in sales for the social media giant, as well as the growth of recently acquired photo-sharing platform, Instagram. Facebook users can also expect to see a change to Facebooks search capabilities, which will become more commercially driven, and Facebook gaming due to the 235 million gamers on the network.

IIn response to some of these changes, Darrohn states, There will be some money coming into Facebook, Im sure their next quarter earnings are going to be significantly higher. Darrohns full insights on the future of Facebook, social media, and digital marketing, are available through fishbats video press release, fishbat Splash.

fishbat, Inc. is a full service online marketing firm. Through social media management, search engine optimization (SEO), web design, and public relations, fishbat strives as a marketing firm to raise awareness about your brand and strengthen your corporate image. #######

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Social Media Marketing Agency, fishbat, Inc., Releases Statement Following Zuckerberg's Post-IPO Public Interview

Mapping the social networking of birds

The social networking of wild birds has been mapped in unprecedented detail, using cutting-edge technology.

(Phys.org)A team, led by researchers at the Universities of St Andrews and Washington, used novel radio-transmitters to study the social networks of New Caledonian crows, a species renowned for using sophisticated foraging tools.

Data downloaded from the miniature tracking devices, which were attached to the birds as back-packs, enabled the researchers to infer their birds' social relationships, revealing a surprising amount of contacts.

Unlike conventional wildlife radio-tags, these new devices can both transmit and receive radio-signals.

Crucially, at the analysis stage, this allows the researchers to infer from the data how close two birds were to each other, based on the basic premise that close tags should exchange stronger radio-signals than tags that are farther apart.

The study is a crucial step towards understanding how tool-related information may diffuse in wild crow populations. A report of the research is published this week in Current Biology.

New Caledonian crows are the most prolic avian tool users. In the wild, they use at least three distinct tool types to extract invertebrate prey from deadwood and vegetation, with some of their tools requiring complex manufacture, modication and/or deployment.

Some scientists have suggested that certain aspects of these crows' sophisticated tool-use behaviour may be the outcome of social transmission processes, where birds observe, and learn from, other individuals.

The study, which was funded by the UK's Biotechnology and Biological Sciences Research Council (BBSRC), examined whether such 'tool cultures' could exist in wild crow societies.

Dr Christian Rutz, a world-leading expert in the use of miniature electronic devices for studying the behaviour of wild animals (known as biologging) led the project.

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Mapping the social networking of birds