Looks like Howard Stern is NOT happy with SiriusXM right now.
Stern's prod company and manager are filing a lawsuit against SiriusXm Radio, which claims that Howard "was bilked out of stock awards SiriusXM promised him." They are seeking unspecified damages.
As mentioned in the lawsuit, Howard was promised a share "in any success that the company achieved," but Howard's team is claiming that he didn't receive further stock bonuses after Sirius acquired XM, and the 20 million subscribers who came along with it.
In the lawsuit, Team Howard wrote the following:
"Sirius needed Stern more than Stern needed Sirius."
Ha! We'd have to agree with that.
Hopefully they can work everything out. If we were SiriusXM, we wouldn't want to piss off Howard. If he were gone, we're sure that TONS of subscribers would leave along with him.
Who do U side with? Team Howard or Team SiriusXM?
[Image via WENN.]
Tags: sirius, sirius xm radio, stock bonuses, subscribers, team howard, unspecified damages, xm