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Howard Stern is close to a contract extension with SiriusXM. According to Bloomberg, the renewal will raise his salary to a ground-breaking $120 million per year.
Stern’s current contract, which pays him between $80 and 100 million a year, runs through December.
Howard Stern’s new contract with SiriusXM will reportedly pay him $120 million a year. https://t.co/e3TflTL1A1
In July, SiriusXM CEO Jim Meyer spoke about the threat of a podcast player luring Stern away:
“I think the issue in the renewal with Howard is what does Howard want to do going forward now that he’s seen, you know, what is going on in podcasting.”
Meyer was referring to Joe Rogan, who cashed in for $100 million with Spotify. Stern’s deal is almost certain to top that, though it’s still unclear how many years Rogan signed for.
Stern fits with SiriusXM better than Rogan does with Spotify. Rogan’s licensing deal is off to a rough start. Spotify employees are trying to censor Rogan’s show and threatening to strike if they don’t get their way.
Howard Stern isn’t the “crazy person” he once was, he says. But he remains the best radio host in the country.
After Tom Brady signed with the Bucs, Stern landed the first sit-down Zoom interview, even though he’s not a sportscaster.
Stern is so dominant, SiriusXM’s shares rose 7% once reports came out that the parties were close to a deal.
Fans of the Howard Stern Show now await the question: what will Howard’s new schedule be?