Economy

Howard Stern and Sirius XM Talk About $ 120M Annual Deal: Report

Howard Stern He may get his most profitable deal SiriusXM distance.

The 66-year-old on-air host is reportedly facing negotiations with the satellite radio company as his current contract expires at the end of December. Bloomberg.

By port, Stern’s previous five-year deals ranged from $ 80 million to $ 100 million.

For his next contract extension, he is reportedly seeking $ 120 million.

How Howard Stern Could Receive Major Payments Through Contract Renewals: A Report

However, on his show on Wednesday, Stern said he did not know where the negotiations were headed.

He said, “I haven’t seen any contract, I haven’t heard anything about this money. I’m ready to take this deal if I can get it – it looked great.”

Howard Stern could get $ 120 million with Sirius XM (GT)

Among the reported pay increase, the show host commented, “I’m telling Sirius now, whatever I’ve read, I want it. I’ll take it now. I’m a bad negotiator. I’ll take it, I’m a subscriber, let’s do it.”

How would stern stay at SIRIUS XM another five years

According to Bloomberg, talks about a salary increase may still unravel as Sirius XM CEO Jim Meyer is set to retire at the end of the year.

Mayer 65, speaking at a Goldman Sachs job in September, said of Stern: “I can tell you that we understand the economy very well, for example, for content like Howard Stern. I can look into every investor’s eyes and tell them that this is a good investment for Sirius XM. “.

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SiriSirius XM Holdings, Inc.5.82+0.26+ 4.59%
LSXMKLiberty Media Foundation.35.49+1.15+ 3.33%

Sirius XM, which last year bought the live streaming service Pandora and the podcast company Stitcher, made $ 1 billion in revenue versus $ 7.8 billion in revenue last year According to SEC filings.

Liberty Media holds the largest stake in Sirius XM, which is run by legendary media mogul John Malone. For the second quarter of 2020, Sirius XM had approximately 34.29 million subscribers, up from 34.13 million in the corresponding quarter of the previous year.

1 How SIRIUS XM can be more valuable to the holding company now than ever before

Radio personality Howard Stern continues to make steady income for the Sirius XM. (Reuters / Brendan McDermid)

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

I am very optimistic about those conversations. “We are continuing to make progress,” he said. final date.

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“We’ve had Howard for 15 years and I’m sure every penny we paid Howard benefited our shareholders. And I’ve been really clear, I want Howard Stern to work at SiriusXM as long as Howard Stern wants to work,” added Mayer.

A SiriusXM representative had no comment when FOX Business contacted him. A representative for Stern did not immediately respond to FOX Business’ request for comment.

Thelma Binder

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