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Mel Karmazin sounds like quite a character.  On Monday, he was interviewed by SmartMoney and had quite a bit to say.  He started out the interview blaming XM for the “hiccups” in the industry.  Then later in the interview, he talks of a possible merger with XM.  Mel says that he’s based his entire career on shareholder value - I’d say that forming a monopoly in the satellite radio industry would bring quite a bit of value.  It’s also notable that he no longer thinks government regulations will stop a merger from happening (to which I’m going to disagree, but he would know better than me).  He notes the following:

If there’s an iPod with terrestrial radio, it’s hard to believe government is worried about two satellite radio companies combining.

Read [SmartMoney]