‘We’re going to be bigger than Clear Channel’

Sirius XM chief Mel Karmazin is bullish on the satellite radio company’s prospects. “We’re going to be the most successful company in radio,” Karmazin said. “We’re going to be bigger than Clear Channel because we’re growing and they’re going the other way.” Sirius XM’s stock has lost 20 percent of its value since the merger’s closing, and the company has yet to turn a profit. His growth strategy? “We think that as we roll out more subscribers in [cars], they are going to want to have a second radio and they are going to want to have it in other places like their home, on their boat, perhaps a wearable product,” he said.