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Howard Stern Will Spend Final Years Of Radio With Sirius XM

Posted by on December 9, 2010 at 1:27 PM EST

howard stern contractHoward Stern will spend is final years on the radio with Sirius XM.

Shock jock Howard Stern, whose contract with Sirius XM Radio was set to expire next month is not planning on going anywhere in the next five years. The controversial DJ announced on air Thursday that he has signed another five year contract with the satellite station. As of now, Stern has not yet disclosed his agreed salary, but he had previously stated that he would not take a pay cut to his $100 million/year contract.

Howerd Stern explains his decision saying, “On my first day in satellite radio Sirius had approximately 600,000 subscribers. Today, the two companies have 20 million, and, in my view, we have just scratched the surface of how many people will get on board.” Stern had expressed a lot of discontent before leaving to work at Sirius about being censored left and right by the FCC. Stern’s shenanigans are much more welcome at Sirius than on public broadcast radio.

Wall Street brokers have already remarked that Howard Stern is unlikely to receive the stock compensation that he had once received with cash payment in his deal, and that the new contract is probably worth $400 million, and not $500 million like before.

Still, hundreds of millions of dollars in exchange for getting to say and do anything that you want on air seems like a pretty sweet deal. But Howard Stern has revealed to TMZ that he may not return to radio after his new contract is over, saying, “I can say with almost certainty that this is my final five years on radio.” The 56 year old has had an enormous impact on radio. Should he retire, Stern wouldn’t have left without having influenced a lot of people, and the medium of radio as a whole.



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