Can Sirius XM Survive Without Howard Stern?
The inevitable appears to be happening. Howard Stern -- the controversial and iconic morning show host that put Sirius XM Holdings (NASDAQ: SIRI) on the map two decades ago -- could be moving on from satellite radio. Sources told The Sun last week that Sirius XM would be canceling the show after its fourth five-year contract concludes at the end of this year.
A lot of stories since last week's revelation have been playing this up as the "firing" of the radio legend that you either love or hate. It's not technically true. The Sun's source is saying that Sirius XM will make an offer, but that it will be well below the annual nine figures that Stern's camp has received in the past.
"Sirius and Stern are never going to meet on the money he is going to want," the unnamed source says. "It's no longer worth the investment."
Source Fool.com
