• by Fern Siegel , April 30, 2013

James E. Meyer has been appointed CEO of SiriusXM Radio, replacing Mel Karmazin. Meyer has served as the interim CEO since December.

Meyer served as SiriusXM's president of sales and operations from May 2004 until his promotion to CEO. Before joining the satcaster, Meyer was president of Aegis Ventures, a general management consulting company, and provided consultant support for SiriusXM. 

Before Aegis, he held a number of management positions in consumer electronics, including senior executive vice president of digital media solutions for Thomson.

Gregory B. Maffei, chairman of SiriusXM, cited Meyer's "leadership, strategic vision and operating focus" as key assest for the company moving forward. Meyer touted Sirius' "world-class programming" and "talented management team" as reasons for the company's value. 

Sirius is controlled by Liberty Media. It claims 452,890 net new subscribers in the first quarter of 2013. In the year-ago period, it added 404,596 subscribers. Sirius ended March with a total subscriber base of 24.4 million.

Sirius XM also reported a quarterly profit of $124 million, compared with $108 million in the year-ago period. Revenue rose to $897 million from $805 million. The company, available in vehicles from major car companies in the U.S., offers ad-free music, sports, comedy, talk and live events.

Separately, The Hollywood Reporter says shock jock Howard Stern can't revive his $300 million lawsuit against SiriusXM, charging he was cheated out of promised stock bonuses. A New York appeals court refused to overrule a New York judge's ruling in April 2012 that Stern deserved added compensation.