{"id":83674,"date":"2020-10-07T14:44:22","date_gmt":"2020-10-07T11:44:22","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sirius-xm-reportedly-close-to-pricey-new-howard-stern-contract\/"},"modified":"2020-10-07T14:44:22","modified_gmt":"2020-10-07T11:44:22","slug":"sirius-xm-reportedly-close-to-pricey-new-howard-stern-contract","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sirius-xm-reportedly-close-to-pricey-new-howard-stern-contract\/","title":{"rendered":"#Sirius XM reportedly close to pricey new Howard Stern contract"},"content":{"rendered":"

“#Sirius XM reportedly close to pricey new Howard Stern contract<\/strong>”
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\n Sirius XM is close to inking a new contract with Howard Stern that would pay the shock jock about $120 million a year, a new report says.<\/p>\n

The deal would give the satellite-radio network\u2019s biggest star a significant raise from his previous five-year deals, which maxed out at around $80 million to $100 million and cover Stern\u2019s staff and production costs, Bloomberg News reported<\/a> Tuesday.<\/p>\n

The talks could still collapse before Stern\u2019s current contract expires at the end of the year, according to the news<\/a> service. But a successful deal would allow New York-based Sirius to keep a marquee host as it faces growing competition from streaming services such as Spotify, which has invested heavily in podcasts in recent years.<\/p>\n

Sirius\u2019s stock price shot up more than 7 percent in premarket trading early Wednesday before paring the gains. The shares were trading up about 2 percent at $5.67 as of 7:26 a.m.<\/p>\n

Stern has reportedly been negotiating a new deal with Sirius for most of this year. His team had preliminary talks with Spotify \u2014 which recently became the exclusive home of Joe Rogan\u2019s popular and sometimes controversial podcast \u2014 but the discussions didn\u2019t get very far, according to Bloomberg.<\/p>\n

Sirius\u2019s talks with Stern come ahead of CEO Jim Meyer\u2019s retirement at the end of the year. Meyer recently underscored the importance of big-name personalities such as Stern to Sirius, which reported net profits of $243 million in the second quarter on revenues of $1.9 billion.<\/p>\n

\u201cI can tell you that we understand the economics very, very well, for instance, of content like Howard Stern, and I can look every investor in the eye and tell them that is a good investment for Sirius XM,\u201d Meyer said at a Goldman Sachs conference last month.<\/p>\n

Sirius also jumped deeper into the podcast market with its July move to acquire\u00a0Stitcher, which hosts popular podcasts such as the true-crime show \u201cMy Favorite Murder\u201d and comedia<\/a>n Marc Maron\u2019s \u201cWTF.\u201d<\/p>\n

Sirius did not immediately respond to a request for comment Wednesday morning.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Sirius XM reportedly close to pricey new Howard Stern contract” Sirius XM is close to inking a new contract with Howard Stern that would pay the shock jock about $120 million a year, a new report says. The deal would give the satellite-radio network\u2019s biggest star a significant raise from his previous five-year deals, which…<\/p>\n","protected":false},"author":1,"featured_media":83675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/howard-stern-93.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74675,70541,74711,70543],"class_list":["post-83674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-7-20","tag-howard-stern","tag-radio","tag-sirius-xm"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/83674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=83674"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/83674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/83675"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=83674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=83674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=83674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}