Home Videos Photos Shop
PerezHilton CocoPerez Kim K. Teen Mom JT James Franco PerezTV

Howard Stern Vs. SiriusXM Radio: Round Two!

| Filed under: Legal MattersMedia MinuteHoward SternBusiness Blitz

siriusxm stock drops after howard stern files lawsuit against them

Yesterday, we learned that Howard Stern filed a lawsuit against SiriusXM Radio, saying that he was promised a share "in any success that the company achieved," but didn't receive further stock bonuses after Sirius acquired XM.

We said yesterday that if we were SiriusXM, we wouldn't want to piss off Howard, and clearly we were right, because stock prices have already dropped from $2 to $1.65.

Here's what Wunderlich Securities analyst Matthew Harrigan had to say about it:

"Sirius' current stock market valuation likely cannot accommodate the uncertainty engendered by the suit - even if it ends up being meritless."

We're thinking SiriusXM SERIOUSLY needs to make the effort to work everything out with Howard. That would def be the smart thing to do.

Do U think SiriusXM will be in trouble if they don't work it out with Stern?

[Image via WENN.]

Tags: , , , , , ,

HGTV's Most Shocking & Heartbreaking Dramas!
How Much Your Favorite TV Hosts Make!
Trump's 10 Worst Tweets Of 2017!
12 Days Of Perezmas: 6 Messy Custody Battles
The Best Black Friday Deals!
The Biggest Scandals To Ever Hit The Country Music World

15 comments to “Howard Stern Vs. SiriusXM Radio: Round Two!”

  1. 1

    YES….should the cash cow leave… I think this medium is in trouble… it wont go away but it will suffer ALOT !!

  2. 2

    I listen to XM all the time, and never touch his station. So yes- they aren't going anywhere.

    By the way, how do I solicit my music to Perez's record label?


  3. 3

    sirius would be nothing w/o Howard!

  4. 4

    Though I got satellite radio because of Howard, there is no way I'd get rid of it if he should go away. I'll be sad for 5 minutes then I'd listen to the Spectrum. No biggie.

  5. 5

    I think he's being goddamn GREEDY with this move. He's gotten I don't know how many millions of dollars already, and this legal move is going to result in a drop in stock prices (which it already has) and translate into everyday people at Sirius/XM losing their jobs. All so he can buy another house in the Hamptons.

  6. 6

    If Sirius can be held up by one person, it's destined to fail. Once Howard leaves, it's over. They have some real balls to mess with him.

  7. 7

    Overblown has-been douche. Won't miss him in the least. XM will go on without him just fine.

  8. 8

    XM was essentially put out of business when he signed with Sirius.. they HAD to merge.. Without Howard they are NOTHING… u really think people are signing up because of Oprah?!? Dont think so… LOVE YOU HOWARD!

  9. 9

    Definitely… Howard is 100% of the reason I subscribe to Sirius. If Howard left, I would cancel my subscription immediately, without even thinking twice.

  10. 10

    SiriusXM is fucked if he decides to leave. They better pay up ASAP.

  11. 11

    they have paid him almost a billion dollars. greedy greedy. I was a big fan. why did he just sign a new deal?? unreal . dirty greedy bastard.

  12. 12

    I have XM, and I have it for music, and music only. I know Howard's on there, but I don't know if it's his own show, his own channel, or even what channel he's actually on. Even though it seems that Howard is making a good point, he better be careful. There is not a radio channel out there where I could imagine him making even a fraction of what he makes at SiriusXM.

  13. 13

    The amount of money that Howard has or hasn't made in his lifetime is not the point. The point is, that he held up his end of the bargain, and apparently, Sirius/Xm didn't hold up their end. What makes Howard any different than a Teamster going on strike because management screwed them over. What's right is right. Good luck Howard!

  14. 14

    Re: EllenB – I soooooo agree!

  15. 15

    I've listened to Howard for over 25 years . I would keep my Sirius even without him. He is not nearly as fun as he used to be. He has started to take himself way too seriously