David Margolese
David Margolese | |
|---|---|
 Margolese on the Red Sea in 2012 | |
| Born | October 24, 1957 Vancouver, British Columbia, Canada |
| Nationality | Israeli |
| Alma mater | University of British Columbia (dropped out) |
| Occupation(s) | Co-founder, Chairman & CEO, Sirius XM Co-founder, Rogers Wireless |
| Years active | 1978–2003 |
| Spouse(s) |
Faranak Margolese
(m. 2000; div. 2017)Michal Margolese (m. 2019) |
| Children | 6[4] |
David Margolese (born October 24, 1957) is an Israeli businessman best known as the co-founder and former CEO of Sirius XM,[5][6] the world’s largest radio company.[7] Considered "one of the earliest advocates of pay radio,"[8] he "effectively created the industry."[1]
Early life
[edit]Margolese was born and raised in Vancouver, Canada.[1] He attended the University of British Columbia, dropping out after one year.[1]
Cellular
[edit]Rogers Wireless
[edit]Margolese is also the co-founder of Rogers Wireless, Canada's largest wireless company.[9][10][11] In 1978, at the age of 20, Margolese founded Canadian Telecom, a radio paging company,[12][13][14][15] which in 1980 partnered with Rogers Communications to create Rogers Wireless.[12]
Satellite radio
[edit]Sirius XM
[edit]In 1990, Margolese acquired control of CD Radio, a newly formed venture proposing a satellite radio service,[16][17] becoming its chairman and CEO in 1993.[8]
Margolese built the company with $1.8 billion he raised.[18][19] He obtained the government license to operate the service, renamed the company Sirius Satellite Radio, developed and launched its satellites, developed its receivers, struck installation deals with automakers, and struck content deals with media companies.[20][21][22][23] Margolese designed the company's studios and headquarters, and built them in Rockefeller Center in Manhattan.[12]
In 2001, Margolese stepped down as CEO, remaining chairman for two more years, with Sirius issuing a statement thanking him "for his great vision, leadership and dedication in creating both Sirius and the satellite radio industry."[24][25][26]
Sirius acquired XM in 2008, becoming Sirius XM,[27] the world's largest radio company.[28]
Honors
[edit]Margolese was nominated by Harvard Business School as Entrepreneur of the Year in 1999.[29] He was inducted into NASA's Space Technology Hall of Fame in 2002.[13][30]
Personal life
[edit]In 2002, Margolese moved to Israel,[1] where he lives with his wife Michal and their six children.[4]
References
[edit]- ^ a b c d e Simon Houpt, "Radio Flyer," Report On Business Magazine, September 2001, pp. 14-16.
- ^ "David Margolese, who works with Asa Caesar" Tivo News. May 21, 2018.
- ^ "Gratitude during Coronavirus". The Times of Israel. Retrieved 14 May 2020.
- ^ a b "About Me". timesofisrael.com. Retrieved October 20, 2022.
- ^ Andrea Adelson, "Satellite Radio's Bet on Dissatisfied Listeners," The New York Times, July 30, 2001.
- ^ Michael Wolff, "Cruise Control," New York, September 25, 2000, pp. 30-32.
- ^ Reilly, Patrick. "Howard Stern Extends His Agreement With SiriusXM" (Press release). PR Newswire. Retrieved December 8, 2020.
- ^ a b Paul Farhi, "Music From the Spheres," The Washington Post, May 19, 1997.
- ^ Ian Hardy, "Rogers Q2 2012: Wireless subscriber base reaches 9.351 million, revenue increases 1%," Mobile Syrup, July 24, 2012.
- ^ Hugh Thompson, "Rogers reports year end results," Digital Home, February 18, 2011.
- ^ "Rogers Investors Relations" (PDF). Rogers Investor Relations.
- ^ a b c Bethany McLean, "Satellite Killed The Radio Star," Fortune, January 22, 2001, pp. 94-100.
- ^ a b Caroline Van Hasselt, High Wire Act: Ted Rogers and the Empire That Debt Built, Mississauga, Ontario: John Wiley & Sons, 2008, Chapters 12 and 14.
- ^ Katy Bachman, "Space Invaders: The Next Wave," Mediaweek, April 12, 1999.
- ^ Bary, Andrew (22 December 1997). "Siren Song". The Wall Street Journal.
- ^ Peter Passell, "Coast-to-Coast Radio Without Squawk or Fade," The New York Times, November 27, 1994.
- ^ "Business Unusual" Archived 2012-10-23 at the Wayback Machine (transcript), CNN, August 6, 2000.
- ^ Chris Jordan, "For More And More Music Fans, Satellite Radio Is Heaven Sent," MTV.com, February 5, 2002.
- ^ Nancy Dillon, "CEO Leaves New York Satellite Radio Company," New York Daily News, October 17, 2001.
- ^ Steve Warren, Radio: The Book, 4th Edition, Burlington, MA: Focal Press, 2005, p. 166.
- ^ Charles Graeber, "Radio Star Rising," Wired, February 2001.
- ^ Nancy Dillon, "Beaming Radio Into High-Tech Fast Lane," New York Daily News, June 5, 2000.
- ^ Tim Moran, "The Space Race for Satellite Radio Is Picking Up Speed," The New York Times, September 22, 2000.
- ^ "David Margolese Steps Down as Sirius CEO," PRNewswire, October 16, 2001.
- ^ David Hinckley, "Satellite Entry Grabs Early Lead," New York Daily News, October 20, 2001.
- ^ Kenneth Hein, "Scott Greenstein, Sirius Satellite Radio," Adweek, October 10, 2005.
- ^ Eliot Van Buskirk, "Sirius, XM Complete Merger," Wired, July 29, 2008.
- ^ "SiriusXM Radios Factory Installed In More Than 50 Million Vehicles". siriusxm.com. Retrieved August 22, 2012.
- ^ "Harvard Business School Club Selects David C. McCourt, Chairman/CEO of RCN Corporation, as Top Entrepreneur," CosmoCom press release, February 22, 1999.
- ^ "Satellite Radio Technology". Space Foundation. Retrieved 18 October 2018.