Howard Stern has played a pivotal role in the expansion and growth of SiriusXM since he joined the satellite broadcaster. But a new report says that his days with the company are winding down.
A report from British tabloid The Sun claims that Howard Stern and SiriusXM are not likely to agree to a contract extension before his current deal concludes later this year, leading to his exit from the company.
“Sirius and Stern are never going to meet on the money he is going to want. It’s no longer worth the investment,” a source told The Sun about the contract negotiations between the two.
Howard Stern joined the company in 2006 after a 20-year run at WXRK in New York, where his show was nationally syndicated with more than 60 affiliates. His star has only risen since joining the satellite broadcaster, leading to his appearance as a judge on the NBC reality show America’s Got Talent for three seasons, in addition to authoring several books.
Stern’s contract is slated to expire later this fall. The current five-year deal pays him a reported $100 million per year. Sources at The Sun claim that while the satellite radio brand is planning to offer him a new deal, it does not expect Stern to accept the offered terms.
Barrett Media has reached out to SiriusXM for comment on the matter. As of this publication, the company has not responded to those requests.
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