Home Music Industry News Sirius XM â„¢s Fate at Stake in a Radio Cliffhanger – NYTimes.com

Sirius XM â„¢s Fate at Stake in a Radio Cliffhanger – NYTimes.com

Mel Karmazin, the irrepressible chief executive of , worked phone all last week from corner office on the 37th floor of the McGraw-Hill building, just above Howard Sternâ„¢s studio. Å“Get John Malone on the line,  he shouted to assistant. Ten minutes later, he was calling Å“Charlie  “ as in Charles W. Ergen of EchoStar Communications, the owner of Dish Network.

John Malone, who was at the Allen & Company media conference last July in Idaho, has had talks about a deal.

Å“We gotta find a way to make this ,  he would say to just about who would listen to him.

Mr. Karmazin, a born salesman, wasnâ„¢t just jabbering “ he was battling to prevent at Sirius XM, the giant he had fought to create by merging Sirius and less than a ago.

Mr. Ergen, his longtime nemesis, had cleverly bought up $175 million of Sirius XMâ„¢s debt, knowing full well that Mr. Karmazin couldnâ„¢t afford the payments, so he could turn around and try to take control of the company.

DealBook Column – Sirius XMâ„¢s Fate at Stake in a Radio Cliffhanger – NYTimes.com.