Howard Stern’s SiriusXM Show at Risk as $500M Contract Nears Expiration
Howard Stern’s Show Uncertainty as Contract Nears Expiration
The future of Howard Stern’s radio program with Sirius XM is currently uncertain, with his lucrative $500 million deal approaching its conclusion this fall.
Sources suggest that Sirius XM plans to extend an offer, though insiders believe Stern is unlikely to accept it. They cite disagreements over salary negotiations, implying Sirius may instead explore options to acquire Stern’s extensive show library.
One insider stated, “Sirius and Stern are never going to agree on the money he is asking for. It’s no longer a worthwhile investment for them,” hinting at possible negotiations over his archived content.
Stern’s show, which relaunched in its second iteration in 2006, has seen its audience diminish from millions daily to around 125,000 in recent years. Much of his recent recording has shifted to a home setup, partly due to concerns over contracting COVID-19.
Potential Outcomes and Political Influence
There is speculation that Stern might sign a short-term, one- or two-year deal if Sirius can meet his financial expectations, aiming to avoid abrupt layoffs and ensure stability for his staff.
Another possibility is that Stern will sell his catalog of past broadcasts for reruns on channels Howard 100 and Howard 101. A source indicated he might also monetize his archives to maintain ongoing revenue streams.
Political Climate Impact
Political factors could influence contract negotiations. Stern, who pivoted to a strong Democratic stance and cut ties with former supporter Donald Trump, might not receive an attractive offer due to the current political environment.
Background and Recent Activities
Stern launched the current version of his show on SiriusXM in 2006. Over the years, his popularity has waned, and he has mostly recorded from home recently.
Stern responded to criticisms of being “woke” by saying, “I take that as a compliment. If supporting transgender rights or vaccines makes me woke, call me that.”
Page Six reached out to Sirius XM and Stern for comment but did not receive an immediate response.