Craig Karmazin

Craig Karmazin
Born (1975-07-11) July 11, 1975
Residence Fox Point, WI
Nationality United States
Alma mater B.B.A. Emory University
Occupation GKB Founder/CEO
Known for founder of Good Karma Brands (GKB)
Spouse(s) Kelli Gabel
Children one
Parent(s) Sharon Karmazin
Mel Karmazin

Craig Karmazin (born July 11, 1975) is the founder and Chief Executive Officer of Good Karma Brands (GKB), and the son of Mel Karmazin, CEO of Sirius Satellite Radio and former CEO of Viacom. [1]

Early life and education

Karmazin was born to a Jewish family in northern New Jersey,[2][3] the son of Sharon and Mel Karmazin. His father is the former chief operating officer of Sirius Satellite Radio and former president and chief operating officer of Viacom. His mother is the retired director of the East Brunswick Library and established the Karma Foundation dedicated to the development and enrichment of Jewish life.[4] He attended Hebrew school.[2] His parents divorced in 1994. His first job was selling bikes at The Sports Authority.[5] He graduated from Emory University with a B.B.A.[5] He has one sister, Dina Leslie Karmazin Elkins (born 1971).[6]

Career

In 1997, Karmazin interned at Infinity-owned WIP in Philadelphia.[2] In 1998, Karmazin founded Good Karma Broadcasting, a sports radio firm in Beaver Dam, Wisconsin, 40 miles northeast of Madison, Wisconsin.[3] Karmazin liked the area due to its proximity to the University of Wisconsin campus as well as being in the heart of Green Bay Packer territory.[3] In 1997, he secured a $3.5 million loan from a New York City bank and purchased three radio stations in the Madison area[3] and then went on to purchase more stations in small towns: two in Wisconsin and one in Rockford, Illinois. He then entered larger markets purchasing a station West Palm Beach, Florida and two in Milwaukee, Wisconsin (WAUK-AM and WSSP-AM)[7] where he also purchased the rights to ESPN syndicated programming.[3]

In 2006, he entered the Cleveland market simultaneously purchasing the gospel music station WABQ 1540 and the rights to the ESPN brand from sports talk station 850 WKNR, reformatting WABQ as a sports station. A short time later, he purchased WKNR. The net cost for both stations was $9.5 million.[3] As of 2012, Good Karma Broadcasting owns twelve radio stations in four states including eight ESPN-affiliated, sports radio stations.[5][7] In 2012, Good Karma expanded its operations opening three remodeled houses near Lambeau Field in Green Bay to entertain clients and fans as well as a Verizon Wireless store in Beaver Dam.[7]

On July 16, 2014, it was reported that Karmazin and GKB purchased a minority stake in the Milwaukee Bucks of the National Basketball Association (NBA).[8]

Personal life

Karmazin is married to Kelli Gabel and has one child, Harper Grace.[9]

References

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