Howard Stern’s new contract with Sirus XM is worth $400 million according to an analyst! Stern has signed a new contract to stay on satellite radio for five more years, he announced this morning, Thursday on his Sirius XM show.
Though details of the contract weren’t released, one analyst estimated it to be worth $400 million over five years, the Hollywood Reporter said.
That’s not too shabby considering it’s a recession. At the estimated $400 million, Stern is taking a pay cut; he was getting $500 million for his previous 5-year contract.
Wall Street experts think Howard will keep his annual cash payments, but won’t get stock-based compensation – potentially making his new deal worth $100 million less than the last one. Analysts also wondered if the shock jock may work only three instead of four days a week given that he had expressed an interest in scaling back his time commitment.
Not bad pay for working part-time ha? Any big fan of Howard Stern’s radio show?
photos: Fame
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