Howard Stern inks new five-year deal with Sirius XM
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Shock jock Howard Stern will host his popular radio show on Sirius XM for another five years under a new contract deal the broadcaster announced Tuesday.
The agreement — announced just weeks before Stern’s current contract was set to run out — will extend the 66-year-old host’s role as a flagship personality for the satellite radio network he joined 15 years ago.
Stern broke the news on Tuesday morning’s edition of “The Howard Stern Show,” which will stay exclusively on Sirius for the next five years. The network said it will also maintain its exclusive rights to Stern’s audio and video archive for an additional seven years.
Sirius shares rose about 1.8 percent on the news in premarket trading to $6.64 as of 8:24 a.m.
“I’ve been proven right about satellite radio over and over again,” Stern said in a statement. “With this contract renewal, I can’t wait to see what else I’ll be right about.”
“Certainly, I have a lot more to say about Metamucil crackers and stepmom porn,” the provocative broadcaster continued. “Plus, now that I can work from home, I simply don’t have an excuse to quit.”
Sirius declined to reveal any financial terms of the deal despite headline-grabbing speculation about the price tag in recent months.
Bloomberg News reported in October that Sirius was prepared to pay Stern about $120 million a year to keep him around. But Stern threw cold water on the rumor, saying on his show that he and his agent were “kind of baffled by it.” His previous five-year contracts have reportedly paid him between $80 million and $100 million a year.
Industry sources have told The Post that it’s mutually beneficial for Stern to stay with Sirius because his show has become an important part of the network’s brand and he essentially gets free reign over his program there.
“Howard’s home has been SiriusXM and it will remain that way, but we’ve expanded SiriusXM in recent years too, and we are excited about finding the right ways that select content from Howard can find audiences on additional platforms,” said Sirius CEO Jim Meyer, who’s slated to retire at the end of the year.
Meyer added that he considers Stern “a close friend and look[s] forward to listening to him for years to come.”
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