Howard Stern has signed a new 5-year contract with SiriusXM radio.
The contract renewal comes a few weeks before Stern’s deal was set to expire. Stern has been with SiriusXM for 15 years. According to Stern, the deal will keep him exclusively on SiriusXm for 5 more years and give the company rights to his audio and video library for an additional 7 years.
“I’ve been proven right about satellite radio over and over again,” Stern said in a statement. “With this contract renewal, I can’t wait to see what else I’ll be right about.”
“Certainly, I have a lot more to say about Metamucil crackers and stepmom porn,” the provocative broadcaster continued. “Plus, now that I can work from home, I simply don’t have an excuse to quit.”
While Sirius did not reveal the financial terms of the agreement, it has been reported that they were prepared to offer Stern $120 million a year. Sterns previous agreement was rumored to be $80-100 million a year.
While negotiations between Stern and Sirius stagnated, word had gotten out that Spotify has made an offer to Stern.
“Howard’s home has been SiriusXM and it will remain that way, but we’ve expanded SiriusXM in recent years too, and we are excited about finding the right ways that select content from Howard can find audiences on additional platforms,” said Sirius CEO Jim Meyer, who’s slated to retire at the end of the year.