Sirius CEO: Regular Radio "Sucks"

Sirius CEO Mel Karmazin told analysts Tuesday that regular radio “sucks” as an investment while the company he heads deserves more respect because of its growth prospects, according to the Hollywood Reporter.

“The reason that radio sucks today, and the reason that most of you don’t want to invest in it, is principally because the growth stopped,” he said at a Merrill Lynch conference. He pointed out that Clear Channel Communications is the “only radio company in the country generating more revenue than Sirius XM,” and hastened to add that they’re not growing, unlike Sirius.

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