Howard Stern Saves Sirius XM Again
If Sirius XM Holdings (NASDAQ: SIRI) keeps one of the market's more impressive winning streaks alive -- delivering positive shareholder returns for the twelfth consecutive year -- it will have to thank Howard Stern for making it happen. Shares of the satellite radio provider moved higher on Tuesday after it announced a five-year contract extension with the iconic morning show host.
The deal itself isn't a surprise. Sirius XM indicated that negotiations were going well with Stern in late October, when the media giant was offering its third-quarter financials.
"We are making significant progress in extending our relationship with Howard Stern," outgoing CEO Jim Meyer said at the time.
Source Fool.com
