Stern to Sirius satellite radio

Started by dpierce, October 06, 2004, 11:22:39 AM

Previous topic - Next topic

General_Failure


The man. The myth. The legend.

Rome

QuoteHoward Stern to Get $220M in Sirius Stock 1 hour, 34 minutes ago



NEW YORK - Sirius Satellite Radio Inc. will give Howard Stern 34 million shares of stock — worth about $220 million at today's prices — because the company has met agreed-upon targets for gaining new subscribers under its 2004 deal with the shock jock.

ADVERTISEMENT

In a regulatory filing Thursday, Sirius said its subscriber count as of Dec. 31, 2005, exceeded the target it had agreed upon with Stern in October 2004, when it made a five-year deal with him.

At the time, Sirius said its deal with Stern would be worth about $100 million per year beginning in 2006. The 34.4 million shares were worth about $110 million then, but the stock has roughly doubled. The increase has given Stern a windfall of about $100 million to date.

Stern begins his new show on Sirius on Jan. 9, having left his longtime employer Infinity Broadcasting, which has been renamed CBS Radio, a unit of CBS Corp.

Last month the former president of an accounting firm that Stern used pleaded guilty to insider trading in Sirius shares before the news of Stern's move to Sirius was made public. Gary D. Herwitz, 50, formerly of Mahoney Cohen & Co., faces up to 16 months in prison at his sentencing in March.

Sirius and its rival, the Washington, D.C.-based XM Satellite Radio Holdings Inc., have been spending heavily to line up programming and lure in subscribers to the paid radio services, which work around the country and carry more than 100 channels of commercial-free music as well as talk programming. Both services cost $12.95 per month and require special radio receivers.

New York-based Sirius didn't say what subscriber target it had agreed to with Stern, but it also announced Thursday that it finished 2005 with more than 3.3 million subscribers, compared with 1.1 million at the end of 2004. XM said Wednesday that it now has more than 6 million subscribers.

Separately, Sirius also announced Thursday that it would start a new 24-hour Playboy-branded channel early this year with Playboy Enterprises Inc. that will include live call-in shows, talks with Playboy founder Hugh Hefner and broadcasts from the Playboy Mansion.

Shares of Sirius rose 3 cents to close at $6.39 Thursday on the Nasdaq, while XM shares fell 55 cents, or 2 percent, to close at $27.29.

Holy fargin shtein.

:o

SD_Eagle5

Sirius is only going to get bigger too. I listened today to the live rehearsal and was glued to my radio. DLR is absolutely unlistenable and will probably be responsible for another 1 million or so subscribers.

stillupfront

SD were you surprised by Howard's non-use of curse words? I am not. If necessary or appropriate I am sure he will. But gratuitous cursing is just not his thing.


1/9/06


Very proud sponsor of DarWIN Walker BSSE

Proud to be sponsored by HBionic

SD_Eagle5

Quote from: stillupfront on January 06, 2006, 06:45:57 AM
SD were you surprised by Howard's non-use of curse words? I am not. If necessary or appropriate I am sure he will. But gratuitous cursing is just not his thing.

Nope, wasn't shocked in the least. He briefed his entire crew on the use of curse words and how important it was to only use them when they were appropriate. He was on Larry King lastnight and hit the nail on the head by saying it wasn't so much the cursing on his show being censored that was bothering him, it was the situations and stories that were being deemed inappropriate.

SD_Eagle5

Here were the revelations, they won't say who was which until next Monday:

QuoteI cheated on my wife and she caught me.

I once hid in my bathroom closet and pleasured myself while some of my family members went to the bathroom.

In the last year I got a girl pregnant and had to pay for her abortion.

I think I'm addicted to porn. I masturbate twice a day and prefer it over real sex.

I have spent well over $10,000 on internet porn.

My buddy and I once ordered massage girls to our hotel room but they ripped us off and we were left staring at each other in our underwear.

I have pleasured myself with meat and vegetables.

I have a half sister I've never met and don't want to.

I've had cosmetic surgery.

A guy once blew his load on my chest.

I once had my stomach pump for alcohol poisoning and when I awoke an acquaintance of the same sex was fondling my genitals.

This mornings show was great.

Syracuse

Man, I have to get Sirius radio. His show must be incredible uncensored.
I am an agent of chaos

SD_Eagle5

Quote from: Syracuse on January 09, 2006, 03:25:41 PM
Man, I have to get Sirius radio. His show must be incredible uncensored.

It's great, really not much different from the old show. Everyone thought it would be farg this and farg that but it was nothing like that. They had George Takei on today and had him handling the press conference and stuff. I haven't turned Sirius off since lastnight, well worth the $12 a month.

MURP

http://www.marksfriggin.com/index2.htm   is a good place to read up what happened on the show. 

stillupfront

Quote from: SD_Eagle on January 09, 2006, 03:32:26 PM
Quote from: Syracuse on January 09, 2006, 03:25:41 PM
Man, I have to get Sirius radio. His show must be incredible uncensored.

It's great, really not much different from the old show. Everyone thought it would be farg this and farg that but it was nothing like that. They had George Takei on today and had him handling the press conference and stuff. I haven't turned Sirius off since lastnight, well worth the $12 a month.

George Takei is awesome!


1/9/06


Very proud sponsor of DarWIN Walker BSSE

Proud to be sponsored by HBionic

Mad-Lad

didn't listen to Stern before, won't listen to him now.  On a side note, that's a shtein ton of money he's getting paid.

Phanatic

#101
Here in St. Louis there is a stupid show called Rovers morning glory that replaced Stern on FM radio. This farger just ripped off the entire premise of Howards new show on Siruis. He is having his staff disclose secrets about themselves and the fans will vote on who's secret belongs to whom. How can someone be so obvious about ripping this shtein off!!
This post is brought to you by Alcohol!

SD_Eagle5

Quote from: Phanatic on January 10, 2006, 12:02:05 PM
Here in St. Louis there is a stupid show called Rovers morning glory that replaced Stern on FM radio. This farger just ripped off the entire premise of Howards new show on Siruis. He is having his staff disclose secrets about themselves and the fans will vote on who's secret belongs to whom. How can someone be so obvious about ripping this shtein off!!

People have been doing it for years, I'm telling you, Stern on Sirius is everything I thought it would be. George Tekai is freaking riot.  :yay

Rome

Quote from: SD_Eagle on January 10, 2006, 01:13:06 PM
Quote from: Phanatic on January 10, 2006, 12:02:05 PM
Here in St. Louis there is a stupid show called Rovers morning glory that replaced Stern on FM radio. This farger just ripped off the entire premise of Howards new show on Siruis. He is having his staff disclose secrets about themselves and the fans will vote on who's secret belongs to whom. How can someone be so obvious about ripping this shtein off!!

People have been doing it for years, I'm telling you, Stern on Sirius is everything I thought it would be. George Tekai is freaking riot.  :yay

Jarhead.

Father Demon

Quote from: Phanatic on January 10, 2006, 12:02:05 PM
Here in St. Louis there is a stupid show called Rovers morning glory that replaced Stern on FM radio. This farger just ripped off the entire premise of Howards new show on Siruis. He is having his staff disclose secrets about themselves and the fans will vote on who's secret belongs to whom. How can someone be so obvious about ripping this shtein off!!

I heard that this morning, too.  I thought the same thing about how obvious it was.  Now I have to tune in tomorrow to see if Rover does what Stern did today....
The drawback to marital longevity is your wife always knows when you're really interested in her and when you're just trying to bury it.