Howard Stern is staying put at Sirius XM. The shock jock revealed on his radio show Thursday that he had signed a contract that will keep him live and uncensored on the satellite airwaves for another five years.
Stern’s current five-year contract, for which he was paid $500 million, expires Dec. 31. Although Stern did not say how much he is to be paid under this new agreement, he recently ranted — on-air no less — about his intention to refuse a cut in his $100 million-a-year salary. The deal, which runs through the end of 2015, allows Sirius XM to transmit Stern’s show — which airs from 6 AM – 10 AM EST Mon. – Thurs. –to mobile devices. No other terms will be disclosed, the company said.
“On my first day in satellite radio Sirius had approximately 600,000 subscribers. Today, the two companies have 20 million, and, in my view, we have just scratched the surface of how many people will get on board,” says Stern, 56, who ditched the confines of terrestrial radio in 2005, after hosting a wildly popular show syndicated by a division of CBS Corp.
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