SIRIUS HIRES MEL KARMAZIN... ANOTHER WEBVAN?
Sirius Satellite Radio has stepped up the stakes in hiring Mel Karmazin, former Viacom President, as its new CEO. This comes after it's recent deal with Howard Stern. This is not great news for XM Satellite Radio, the leader in the industry, but not horrible since it helps to add validity to the satellite radio industry.
I can't help think about George Shaheen's, former CEO of Andersen Consulting (now Accenture), joining of Webvan and all the hype and validation the online grocery industry received. It's a calmer period in technology, but I wonder how this story is going to end up especially if satellite radio takes a very slow road to growth.