New York – Sirius XM Radio (NASD:  SIRI) announced on Thursday that key
on-air personality Howard Stern has signed a new five-year contract, which
includes exclusive mobile device rights. “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,” said Stern.

Financial terms of the deal —
which replaces Stern’s previous five-year, $500 million contract — were not

Stern had publicly grumbled about the prospects of taking a pay cut,
and rumors had floated that he was considering bringing his show to Apple’s
iTunes Store for distribution.



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  1. XM has declined in quality ever since they announced the Sirius merger. Once they were one company, the quality of both the service and the programming was so horrible that I canceled after being a subscriber for 4 years.