His mother is the retired director of the East Brunswick Library and established the Karma Foundation in 1996 to provide grants in support of organizations engaged in activities and programs in the areas of Arts & Culture, Autism, Education & Literacy, Health & Human Services and Development & Enrichment of Jewish Life.
[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.
[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 purchased a minority stake in the Milwaukee Bucks of the National Basketball Association (NBA).
[8] Karmazin purchased the flagship station of the Packers and Brewers, WTMJ Radio, along with WKTI in the fall of 2018 from the E. W. Scripps Company, converting WKTI to a local sports station affiliated with ESPN Radio, with WAUK moving to a national schedule (WTMJ's schedule has remained as-is).