Economy

Howard Stern and SiriusXM Talking $ 120M Annual Contract: Report

Howard Stern You can get a very lucrative deal with him SiriusXM Still.

The 66-year-old on-air host is said to be in talks with satellite radio because his current contract expires at the end of December. Bloomberg.

According to the store, Stern’s previous five-year contracts ranged from $ 80 million to $ 100 million.

He is said to be seeking $ 120 million for his upcoming contract extension.

Key pay with renewed contact: Report

However, on his show on Wednesday, Stern said he was not sure where the talks were going.

“I have not seen any contract and I have not heard anything about this money,” he said. “I’m willing to take that deal if I can get it – it was awesome.”

Howard Stern can inject $ 120 million with Sirius XM (Cartridge)

Commenting on the announced pay rise, the show’s host said, “I’m telling Sirius now, I want whatever I read. I’m taking it right now. I’m a bad negotiator. “

Sirius XM stays for another five years

With Jim Meyer, CEO of Sirius XM, set to retire later this year, talks for a pay rise are likely to fall further.

Speaking at a Goldman Sachs event in September, Mayor 65 said of Stern: “I can tell you that we have a good understanding of content economics like Howard Stern. I can look every investor in the eye and tell them that this is a good investment for Sirius XM. ”

TickerSecurityLastChangeChange%
LaughSirius XM Holdings Inc.5.82+0.26+ 4.59%
LSXMKLiberty Media Corp.35.49+1.15+ 3.33%

Sirius XM, which last year acquired streaming service Pandora and podcasting company Stitcher, made $ 1 billion in revenue last year with $ 7.8 billion in revenue. According to the SEC filing.

Liberty Media owns a majority stake in Sirius XM, run by renowned media mogul John Malone. In the second quarter of 2020, Sirius XM had about 34.29 million subscribers, up from 34.13 million in the same quarter of the previous year.

The 1 Way Howert Stern may now be more valuable to Sirius XM Holding

Radio personality Howard Stern continues to bring steady income to Sirius XM. (REUTERS / Brendan McDermott)

The CEO of Satellite Radio spoke about Stern during a Bank of America event last month.

“I am very optimistic about those conversations. We continue to move forward, ”he said Deadline.

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The mayor added: “We have held Howard for 15 years and I believe our partners have benefited from every penny we paid to Howard. I want Howard Stern to work at Sirius XM as long as he wants to work.”

The representative of SiriusXM had no idea when Fox reached the business. Stern’s representative did not immediately respond to Fox Business’s request for comment.

Thelma Binder

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