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Mel's the proud owner of 2 million new shares of Sirius, which he bought for $1.37 a share ($2.7 million). That's couch change for Mel, of course, but it's better than nothing. And it goes at least part way to dollar-cost-averaging the other 6.5+ million shares he's been taking a bath in for lo these many years.

See Also: Sirius Boss Mel Karmazin: Buy My Stock!