Radio shock jock Howard Stern is going off free air and has signed a five-year deal with Sirius Satellite Radio beginning Jan. 1, 2006. The agreement leaves Viacom’s Infinity Broadcasting without one of its most successful and lucrative personalities, worth about $175 million in annual advertising revenue and about $25-30 million in profits. Stern, who has 15 months left on his Infinity contract, is syndicated on 46 radio stations nationwide. Sirius has 600,000 subscribers, compared with its rival, XM Satellite Radio (2.1 million subscribers).
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