Howard Stern, a master at negotiating in the press, told his satellite radio audience Thursday (Dec. 9) morning that he had signed a new five-year contract with Sirius XM Radio. His current contract runs out at the end of this year.
As part of the new deal, Sirius XM will have the right to transmit Stern's program to mobile devices. The satellite radio company did not provide any other details of the contract, which runs through Dec. 31, 2015.
"Howard is a great talent, and we are thrilled that he will continue to provoke, engage and entertain on Sirius XM. Our agreement is good news on all fronts—it is good for Sirius XM subscribers and good for Sirius XM stockholders. Howard forever changed radio and was instrumental in putting Sirius on the map, when he first launched on satellite radio. He is one of the few 'one-name' entertainers in the country, and our 20 million subscribers are lucky to have him," said Mel Karmazin, CEO of Sirius XM.
Stern has served as the headline personality for Sirius XM since December 2005, when he signed a five-year contract for $500 million.
Sirius XM recently reported it had surpassed 20 million subscribers.