22 Dec
Howard Stern is serious about quitting Sirius and possibly radio? Possibly.
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Shock Jock Howard Stern, according to the Associated Press, “is threatening to leave Sirius XM Radio” because the company would like to reduce his pay in the next contract.
Sirius came close the bankruptcy this year and is looking at major cost cuts, and Stern is part of that equation. In 2006, the company gave him a five-year deal that included cash and strock valued at $500 million.
Stern may not have much bargaining power. Radio stations, free and paid (Sirius is the only one), are struggling. Citadel Broadcasting recently announced that it was filing for bankruptcy protection.
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