SiriusXM Stock Rises on Report of Howard Stern Nearing Renewal

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SiriusXM stock rose after a report that the company was close to sealing a big new deal with HowardStern.

Howard Stern attends Sony Pictures Classics & The Cinema Society Host A Hamptons Screening Of "David Crosby: Remember My Name" at United Artists East Hampton Cinema on July 13, 2019 in East Hampton, N.Y.

At one investor event in September, Meyer said that he has been"really clear" that"I want Howard Stern to be on SiriusXM for as long as Howard wants to work," lauding their"tremendous relationship" that has "never been better."In July, Meyer said talks had picked up steam."I know what Howard wants. And we're trying to figure out a way to make all those things work together," Meyer explained.

He highlighted that SiriusXM "already has rights to Stern's back catalog through 2027, which helps lower the risk of Stern joining a rival service."

Source: News Formal (newsformal.com)

 

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