Howard Stern extends the long-standing SiriusXM radio contract for one more 5 years
Howard Stern stages Bon Jovi during the 33rd Annual Rock & Roll Hall of Fame Induction Ceremony at the Public Auditorium on April 14, 2018 in Cleveland, Ohio.
Jeff Kravitz | FilmMagic, Inc | Getty Images
The “king of all media” Howard Stern has extended his long-term contract with SiriusXM and extended his contract for a further five years to produce and present “The Howard Stern Show” exclusively for satellite radio.
The deal announced on Tuesday also includes an archive of audio and video data from Stern for another seven years. Financial details were not disclosed.
The 66-year-old star is currently working on a five-year contract valued at $ 100 million a year.
“Fifteen years ago I joined SiriusXM, a young group of broadcasters,” Stern said during a portion of his show on Tuesday. “I had a toxic relationship with terrestrial radio. And no matter how well I handled the medium, no matter how successful I made it, they abused me. Going to SiriusXM set me free.”
SiriusXM reported a profit for the third quarter in late October. Revenue increased 1% to $ 2 billion. Advertising revenues, mainly from the music streaming platform Pandora, fell.
SiriusXM’s shares rose roughly 1% on the Monday leading up to trading. Since January, the company’s stock has fallen nearly 9%.