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Howard Stern. (Reuters/Shannon Stapleton)
The production company and long-time agent for radio “shock jock” Howard Stern has sued Sirius XM Radio Inc. in the New York Supreme Court, alleging Stern was promised performance-based stock awards the satellite radio company refused to pay.
Attempts to reach a spokesman for Sirius XM Radio to respond to the suit were not immediately successful. Get the full story »
Howard Stern announced on his subscription satellite program Thursday that he has signed a new five-year deal with Sirius XM Radio, putting to end months of speculation and discussion that had grown increasingly heated of late. Get the full story>>
Howard Stern waits to ring the opening bell at Nasdaq in 2006 to mark the launch of his show on Sirius (Bloomberg)
Shock jock Howard Stern brought more than just his oversized personality to satellite radio when he joined Sirius — he also carted along an estimated 1.2 million new subscribers.
Now, five years later, Stern’s $500 million contract with Sirius XM Radio Inc. is nearly up, giving rise to concerns about how well the company would fare without one of its biggest stars. At the moment, its stock is trading around $1 a share and is down 5 percent in the last month, underperforming the Standard & Poor’s 500 stock index. Get the full story »
