Howard Stern - Howard Stern Sues His Own Radio Station

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Howard Stern is suing Sirius XM, the radio station he has been working for since 2005.Howard Stern, the 'shock jock' radio DJ, is suing Sirius FM for reportedly refusing to give performance-based stock options, reports CBS News.The 57-year-old's lawyers say that the satellite radio provider offered him a series of stock incentives in 2004 if the station beat its subscriber estimates by 2 million or more. The lawsuit alleges that Sirius XM beat its targets every year from 2006 to 2010, adding, "Now that Sirius has conquered its chief competitor and acquired more than 20 million subscribers, it has reneged on its commitment to Stern, unilaterally deciding that it has paid him enough". Sirius said they were both "surprised and disappointed" by the legal action from their most popular DJ. The lawsuit comes just months after Stern signed a new five-year contract with the station. His previous deal, which ended in December, was reportedly worth $500 million. Sirius XM, which had around 600,000 subscribers when Stern began his tenure in 2005, now has 20 million subscribers and expects to sign up another 1.4 million by next year.
In light of the lawsuit, Howard Stern's future at the radio station remains unclear. An insider at Sirius told the Wall Street Journal, "We have met all of our obligations under the terms of our 2004 agreement with Howard, his agent and production company".


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muttdawg61's picture

muttdawg61

WHO WHO WHO TELL EM ROBIN!
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RonMexico's picture

RonMexico

Babba-booie Babba-booie
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Crispy_Critter's picture

Crispy_Critter

C'mon, Howard. People are struggling to pay their bills, keep their houses, find a job, sand you gotta gripe!!? Man, you go NOTHING to gripe about. Shut your pie-hole, collect your already outsized salary, and forget the performance based options.
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Lance O's picture

Lance O

Bet on Stern... Crispy_Critter move to Russia...
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shelly g's picture

shelly g

why wasn't this negotiated when he reupped in 12/10..i'll have to go with sirius on this..bring back artie lang..you act like you're concerned for artie's well being but your not giving arty a chance to make a living..if something happens to a good guy like arty there will be blood on your hands stern
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krazy karl

How much is enough money Howard? You will never spend what you have now. You should have retired your like every a-hole celeb you worked hard to get to a great payday then the effort is gone. The sad thing is that the more senseless money you so called need for yourselfishness only causes us the little people more money you dipsh*t. Note to all other Stern employees once Howard goes your all gone, not one of you has any talent to stay afloat without Howard. Effortless shows now, Ronnie the creepiest driver ever molesting girls 3 times younger than him, great shows lately Howard, whats tomorrow 2 hours of what they talked about on the wrap/flap/crap up show or do you sal/ richards stupid calls to actually hard working people to bother and waste their time unbelievable radio boy I can see you sit up for hours trying to come up with material. Lastly Howard enjoy the next few years of life cause when your done being on the air I give 3 years and Beth will pull a hypocritical howard and leave you for a much much much younger man who will be able to take care of her needs, just like you did to allison, its your best joke yet beth loves you hahahahahaha lol, no beths when you were broke and a nobody amazing, but she loves you.
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rt's picture

rt

Krazy karlEnough is what ever it is to you and a deal is a deal! Reading your post you are a jealous ass wipe and should stop listing to the show. if you don't like it change the channel because yo don't get it. In one sentence you say great shows and the next sentence you complain make up you small mind. He is on sirius because of complaining idiots like you that don't get the show. Have an awful night you minion.
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