New York – Sirius XM stereo (NASD: SIRI) announced on Thursday that vital on-air character Howard Stern has signed a brand determine new five-year contract, which consists of exclusive cellular system rights. “On my first day time in satellite stereo Sirius experienced around 600,000 subscribers. Today, the two companies have twenty million; and, in my view, we have just scratched the surface area of how lots of people nowadays will get on board,” mentioned Stern.
Financial conditions inside the offer — which replaces Stern’s preceding five-year, $500 million contract — have been not disclosed.
Stern experienced publicly grumbled concerning the potential customers of getting a spend cut, and rumors experienced floated that he was contemplating bringing his show to Apple’s iTunes store for distribution.