Howard Stern and SiriusXM have announced a new agreement under which the broadcaster will continue to produce and host The Howard Stern Show for SiriusXM for the next five years, and the Howard Stern archive of audio and video will continue to be licensed to SiriusXM for an additional seven years. Stern revealed the news on today’s broadcast.
Stern, who is 66, has grown on the air from the derogatory term “shock jock” into an influential and enlightened broadcaster who does superb interviews, whether he’s talking to politicians or entertainers, and takes stands on important issues from Covid 19, to Trump policies, racism, homophobia and sexism. I am curious about whether he will take on another issue, and a porn website I’ve heard him mention. That is Pornhub, which like another of his go-to sites, Youporn, is a pornography website. Anyone who read New York Times columnist Nicholas Kristof...
Stern, who is 66, has grown on the air from the derogatory term “shock jock” into an influential and enlightened broadcaster who does superb interviews, whether he’s talking to politicians or entertainers, and takes stands on important issues from Covid 19, to Trump policies, racism, homophobia and sexism. I am curious about whether he will take on another issue, and a porn website I’ve heard him mention. That is Pornhub, which like another of his go-to sites, Youporn, is a pornography website. Anyone who read New York Times columnist Nicholas Kristof...
- 12/8/2020
- by Mike Fleming Jr
- Deadline Film + TV
Howard Stern, whose defection in 2006 from terrestrial radio to satellite defined the new medium, is reportedly on the verge of signing a long-awaited contract renewal with SiriusXM.
Investors are taking Bloomberg’s report of a $120 million extension as gospel, boosting shares in SiriusXM more than 4% on double their average trading volume.
The company has not yet addressed the report, but the company has been under the gun because the marketplace in audio has grown competitive. Spotify in particular showing a willingness to swoop in and grab top talent. The boom in podcasting and mobile streaming have expanded the potential scope for SiriusXM, which for many years was focused on reaching scale through vehicle installations.
Last month, SiriusXM CEO Jim Meyer said at a Wall Street conference that he was “optimistic” about a renewal of Stern. “We have had Howard for 15 years and I am sure that every penny we paid Howard our shareholders have benefited,...
Investors are taking Bloomberg’s report of a $120 million extension as gospel, boosting shares in SiriusXM more than 4% on double their average trading volume.
The company has not yet addressed the report, but the company has been under the gun because the marketplace in audio has grown competitive. Spotify in particular showing a willingness to swoop in and grab top talent. The boom in podcasting and mobile streaming have expanded the potential scope for SiriusXM, which for many years was focused on reaching scale through vehicle installations.
Last month, SiriusXM CEO Jim Meyer said at a Wall Street conference that he was “optimistic” about a renewal of Stern. “We have had Howard for 15 years and I am sure that every penny we paid Howard our shareholders have benefited,...
- 10/7/2020
- by Dade Hayes
- Deadline Film + TV
In a lively morning of executive shuffles, AMC Networks said Sean Sullivan, chief financial officer, will be jumping to SiriusXM in mid-October, as the satellite broadcaster announced that its CEO Jim Meyer and its CFO David Frear are both stepping down.
AMC Networks said it will appoint an interim CFO or successor prior to Sullivan’s departure.
SiriusXM said Meyer will retire on December 31 and Jennifer Witz, president, Sales, Marketing and Operations, will take the reins as chief executive.
One of Meyer’s major tasks in recent months has been negotiating to keep star host Howard Stern in the house as his contract expires at year end. At a conference last week, Meyer said he’s “optimistic” about striking a new deal with Stern, whose renewal has been a focus of Wall Street and the press for months as the deadline approaches.
“I am personally deeply engaged in conversations with Howard’s team.
AMC Networks said it will appoint an interim CFO or successor prior to Sullivan’s departure.
SiriusXM said Meyer will retire on December 31 and Jennifer Witz, president, Sales, Marketing and Operations, will take the reins as chief executive.
One of Meyer’s major tasks in recent months has been negotiating to keep star host Howard Stern in the house as his contract expires at year end. At a conference last week, Meyer said he’s “optimistic” about striking a new deal with Stern, whose renewal has been a focus of Wall Street and the press for months as the deadline approaches.
“I am personally deeply engaged in conversations with Howard’s team.
- 9/15/2020
- by Jill Goldsmith
- Deadline Film + TV
Howard Stern’s contract with Sirius Xm is up at year end and the company’s CEO Jim Meyer said he plans to pick up the pace on renewal talks and “work hard” to keep the outspoken, wildly popular host.
“The relationship between Howard and myself has been great and is great right now… I trust Howard and Howard trusts me,” said Meyer at the Csfb media conference Wednesday. Renewal talks started late last year. Stern hosts The Howard Stern Show and dedicated Sirius Xm channel, Howard 100. The “King of All Media” moved to the satellite radio platform in 2006.
“Howard’s agent and I communicate every week back and forth and I had hoped to be able to sit and do this process in person and get going. I think it is probably going to take too long to wait for a good window for that, that so I don...
“The relationship between Howard and myself has been great and is great right now… I trust Howard and Howard trusts me,” said Meyer at the Csfb media conference Wednesday. Renewal talks started late last year. Stern hosts The Howard Stern Show and dedicated Sirius Xm channel, Howard 100. The “King of All Media” moved to the satellite radio platform in 2006.
“Howard’s agent and I communicate every week back and forth and I had hoped to be able to sit and do this process in person and get going. I think it is probably going to take too long to wait for a good window for that, that so I don...
- 6/17/2020
- by Jill Goldsmith
- Deadline Film + TV
Pandora Media’s effort to find a financial savior has sent it into the arms of John Malone’s Liberty Media with a $480 million investment agreement announced this morning.
Liberty-owned SiriusXM will buy convertible preferred stock equal to 19% of Pandora — with an agreement not to go above 31.5% unless the board approves in 18 months. The price would amount to $10.50 per share.
The investment gives SiriusXM the right to designate three members of Pandora’s nine-member board. One will be Chairman.
In conjunction with the deal, Pandora agreed to sell its Ticketfly ticketing business for $200 million to Eventbrite. The companies now have a commercial agreement that Pandora says will “substantially broaden the scale of its ticketing opportunities.”
The Ticketfly deal is due to close by the end of September.
The news sent Pandora shares up 6.4% to nearly $9.00. SiriusXM is basically flat.
“This strategic investment in Pandora represents a unique opportunity for SiriusXM...
Liberty-owned SiriusXM will buy convertible preferred stock equal to 19% of Pandora — with an agreement not to go above 31.5% unless the board approves in 18 months. The price would amount to $10.50 per share.
The investment gives SiriusXM the right to designate three members of Pandora’s nine-member board. One will be Chairman.
In conjunction with the deal, Pandora agreed to sell its Ticketfly ticketing business for $200 million to Eventbrite. The companies now have a commercial agreement that Pandora says will “substantially broaden the scale of its ticketing opportunities.”
The Ticketfly deal is due to close by the end of September.
The news sent Pandora shares up 6.4% to nearly $9.00. SiriusXM is basically flat.
“This strategic investment in Pandora represents a unique opportunity for SiriusXM...
- 6/9/2017
- by David Lieberman
- Deadline Film + TV
There aren’t many celebrities with the power to move a company’s stock price. But Howard Stern is one of them: He helped to lift Sirius Xm Holdings shares 5.3% in pre-market trading this morning after agreeing to stay on the air for five years as part of a 12 year deal with the satellite radio company that includes its first foray into streamed video programming.
He’ll keep The Howard Stern Show going on SiriusXM for five years. He’ll produce his Howard 101 channel, with new and old episodes plus additional programming.
Sirius also picked up 12-year rights to Stern’s audio and video performances from his 30 year career. Video plans “will be announced at a future date,” the company says. They will include video from his show as well as “the Howard Stern archives and special programming.”
Stern says that SiriusXM’s “best days are ahead. So, if you...
He’ll keep The Howard Stern Show going on SiriusXM for five years. He’ll produce his Howard 101 channel, with new and old episodes plus additional programming.
Sirius also picked up 12-year rights to Stern’s audio and video performances from his 30 year career. Video plans “will be announced at a future date,” the company says. They will include video from his show as well as “the Howard Stern archives and special programming.”
Stern says that SiriusXM’s “best days are ahead. So, if you...
- 12/15/2015
- by David Lieberman
- Deadline Film + TV
Shares are down about 1.4% in pre-market trading although there are few surprises in the satellite radio company’s first earnings report with Liberty Media firmly in charge. Sirius Xm reported Q4 net income of $156.2M, +119.0% vs the period last year, on revenues of $892.4M, +13.9%. Analysts thought revenues would come in higher, at $898.7M. But earnings at 2 cents a share were right on the money. Sirius Xm had already announced in early January that it ended 2012 with a gain of 2M subscribers, for a total of about 19.6M self-paid, and a total paid sub base of 23.9M. The company says this morning that it expects to add 1.4M subscribers in 2013 and generate at least $3.7B in revenue. CEO Jim Meyer, who recently replaced Mel Karmazin, talks up Sirius Xm’s planned personalized radio service, MySXM, which he says “is now in public beta testing and will be available to our Internet subscribers in the near future.
- 2/5/2013
- by David Lieberman
- Deadline Film + TV
Update, 6:56 Am: As interim CEO, Jim Meyer will collect a base salary of $1.3M per year, plus annual bonuses to be determined by the board, in a new contract that runs until October 31, 2013, the company says in an SEC filing. He can retire then, if he wants. And if Sirius Xm picks someone else to be CEO then he can leave with “an additional bonus to reflect his contributions.”
Previous, 6:06 Am: The change takes place today: Mel Karmazin resigned as CEO and from the board, Sirius Xm says. With Liberty Media poised to take control of the satellite radio company (it owns 49.8% of the voting shares), Karmazin had already announced that he would leave in February when his contract expires. Jim Meyer, who had been President of Sales and Operations since May 2004, now joins the board. Directors have formed a search committee, led by Liberty CEO Greg Maffei,...
Previous, 6:06 Am: The change takes place today: Mel Karmazin resigned as CEO and from the board, Sirius Xm says. With Liberty Media poised to take control of the satellite radio company (it owns 49.8% of the voting shares), Karmazin had already announced that he would leave in February when his contract expires. Jim Meyer, who had been President of Sales and Operations since May 2004, now joins the board. Directors have formed a search committee, led by Liberty CEO Greg Maffei,...
- 12/19/2012
- by David Lieberman
- Deadline Film + TV
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