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Recent article in Car & Driver (yes, Car & Driver....) mag about Sirius satellite radio:
"So it's a brand new year, the holidays are not long over, and you're back commuting to work in your eight-year-old Camry. For Christmas your father-in-law got you a year's subscription to Sirius satellite radio, so you switch it on to the Howard Stern show and he's talking about... well, the usual: somebody's bra size, somebody's big butt, somebody's private parts. And driving down the interstate you find yourself asking out loud 'Just what does a schlump like Howard Stern get paid for this crap?'
Well, for a single morning show, or four hours of lascivious thong-sniffing and general frat-boy ruminations, he gets $384,615. To repeat: THAT'S FOR ONE SHOW. and he does five of them a week, and that works out to $100 million a year, and he has a contract with Sirius for five years' worth or until Sirius goes bankrupt, whichever comes first. That is exactly HALF A BILLION DOLLARS. In short, Alex Rodriguez is playing baseball for chump change."
BTW guys, that equates to just over $96 grand AN HOUR.
At what point did we cross over the line of paying a top 'star' very well and into the realm of the indescribably absurd? And also BTW, I don't fault Stern. I'd gladly have taken the money, too. How can Sirius ever expect to finance this? Does anyone have any stats as to Sirius' financial situation and projections? How did Stern manage this kind of deal and does anyone know what he was making when he left network radio?
I knew about this deal, of course, but looking at these numbers just makes my eyes spin. How much money is too much? As John D. Rockefeller, at that time the richest man in the world, once said: "Just a little bit more."
"So it's a brand new year, the holidays are not long over, and you're back commuting to work in your eight-year-old Camry. For Christmas your father-in-law got you a year's subscription to Sirius satellite radio, so you switch it on to the Howard Stern show and he's talking about... well, the usual: somebody's bra size, somebody's big butt, somebody's private parts. And driving down the interstate you find yourself asking out loud 'Just what does a schlump like Howard Stern get paid for this crap?'
Well, for a single morning show, or four hours of lascivious thong-sniffing and general frat-boy ruminations, he gets $384,615. To repeat: THAT'S FOR ONE SHOW. and he does five of them a week, and that works out to $100 million a year, and he has a contract with Sirius for five years' worth or until Sirius goes bankrupt, whichever comes first. That is exactly HALF A BILLION DOLLARS. In short, Alex Rodriguez is playing baseball for chump change."
BTW guys, that equates to just over $96 grand AN HOUR.
At what point did we cross over the line of paying a top 'star' very well and into the realm of the indescribably absurd? And also BTW, I don't fault Stern. I'd gladly have taken the money, too. How can Sirius ever expect to finance this? Does anyone have any stats as to Sirius' financial situation and projections? How did Stern manage this kind of deal and does anyone know what he was making when he left network radio?
I knew about this deal, of course, but looking at these numbers just makes my eyes spin. How much money is too much? As John D. Rockefeller, at that time the richest man in the world, once said: "Just a little bit more."