Howard Stern staying with Sirius/XM, agrees to 5-year deal
By Sean O’Connell
Hollywoodnews.com: Apparently all of that public bitching and moaning over the airwaves of his XM/Sirius satellite radio program were part of the negotiations.
Howard Stern signed a five-year deal to remain on the satellite-radio provider. He announced the deal on his program this morning, according to the Hollywood Reporter.
“I have come to the conclusion that the real innovators, the real geniuses are the people here at Sirius,” he said. “I have signed a five-year contract to stay at Sirius.”
That’s not what he had been preaching in the days and weeks leading up to the previously final day of his current contract. Stern was complaining about the way his bosses had been treating him, and delivered a very public tongue-lashing to management – namely company CFO David Frear — about his refusal to take a pay cut from his $500 million salary. (!!)
Stern did not say how much his new deal would be worth, but said it was “very fair.”
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