Yes someone like a Mel Karmazin CEO Sirius. When
Post# of 96879
Posted On: 05/10/2016 9:25:23 AM
Re: Waspatriot #58959
Yes someone like a Mel Karmazin CEO Sirius.
When Mel first took on the position as CEO in 2004 he knew the challenges ahead of him. He knew that the only way Sirius and XM could survive against terrestrial radio was to merge them together. It took to time to put the agreement together and it took over 18 months for the FCC to finally approve it July 26, 2008. It's amazing how long it took for approval with the opposition from terrestrial radio. It only took Mobil and Exxon only 6 months for approval.
Mel was now faced with even greater challenges trying to restructure the combine companies in a banking financial meltdown in 2008 / 2009. Mel knew he didn't have much time knowing that a note back by bonds which were secured by the assets of the satellites were coming due January 2009.
Mr Egan owner of Dish Satellite approached Mel with a offer as Egan was buying up the bonds to get control of the satellites which were backed by the bonds hoping the new SIRIUS XM would have to file bankruptcy.
With only one day left in January 2009, Mel pulled a rabbit out of his hat and stuck a deal with John Malone Libert Media that owned DirectTV avoiding bankruptcy and saving Sirius XM where the pps January 2009 was .05
Even the best of the best like a Mel Ksrmazin that's been with Infinity Broadcasting & CBS knows when the right time to strike a deal.
I feel NTEK is at that point now. Dave Foley with his vision in technology and the amazing team he has put together has brought UltraFlix to where we are today.
We need a seasoned CEO with experience and clout to move us forward to the next level and beyond with Dave Foley right there by his side. They can be a force that would be unstoppable.
GLTA
When Mel first took on the position as CEO in 2004 he knew the challenges ahead of him. He knew that the only way Sirius and XM could survive against terrestrial radio was to merge them together. It took to time to put the agreement together and it took over 18 months for the FCC to finally approve it July 26, 2008. It's amazing how long it took for approval with the opposition from terrestrial radio. It only took Mobil and Exxon only 6 months for approval.
Mel was now faced with even greater challenges trying to restructure the combine companies in a banking financial meltdown in 2008 / 2009. Mel knew he didn't have much time knowing that a note back by bonds which were secured by the assets of the satellites were coming due January 2009.
Mr Egan owner of Dish Satellite approached Mel with a offer as Egan was buying up the bonds to get control of the satellites which were backed by the bonds hoping the new SIRIUS XM would have to file bankruptcy.
With only one day left in January 2009, Mel pulled a rabbit out of his hat and stuck a deal with John Malone Libert Media that owned DirectTV avoiding bankruptcy and saving Sirius XM where the pps January 2009 was .05
Even the best of the best like a Mel Ksrmazin that's been with Infinity Broadcasting & CBS knows when the right time to strike a deal.
I feel NTEK is at that point now. Dave Foley with his vision in technology and the amazing team he has put together has brought UltraFlix to where we are today.
We need a seasoned CEO with experience and clout to move us forward to the next level and beyond with Dave Foley right there by his side. They can be a force that would be unstoppable.
GLTA
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