I don't think he's worth $80 million per year.
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Howard Stern Signs Five-Year Extension with SiriusXM
- Thread starter TTalkradio1
- Start date
He just signed a 5 year deal, so this conversation is moot.
It's simple to do the math. Subscribing to SiriusXM with the added charge of getting Howard Stern is about $12 a month. Some people get it for less, if they threaten to disconnect, but I think that's a small percentage. So should we say it averages to $11 a month? $11 x 12 months = $131 a year.
Now should we say that about 3 million people subscribe to SiriusXM mainly for Howard? $131 x 3,000,000 subscribers = $393 million a year that Stern brings in. Yes, there are the other costs of Sirius' many channels, satellites and administration, not just Howard's salary and that of his staff.. But let's just say for now Howard brings in $393 million a year.
Bloomberg News says Howard is getting $120 million over a five year contract. That's $24 million a year.
You can see, even with a spectacular income, Howard brings in a TON more money than he costs. It isn't even close. Even if Stern is only bringing in 2 million unique subscribers and the rest would stay even if Stern departs, that's still $131 x 2,000,000 = $262 million a year. That's more than 10 times Stern's salary.
TTalkradio1 says Stern is overpaid? I'd say Stern is a BARGAIN to SiriusXM.
Now should we say that about 3 million people subscribe to SiriusXM mainly for Howard? $131 x 3,000,000 subscribers = $393 million a year that Stern brings in. Yes, there are the other costs of Sirius' many channels, satellites and administration, not just Howard's salary and that of his staff.. But let's just say for now Howard brings in $393 million a year.
Bloomberg News says Howard is getting $120 million over a five year contract. That's $24 million a year.
You can see, even with a spectacular income, Howard brings in a TON more money than he costs. It isn't even close. Even if Stern is only bringing in 2 million unique subscribers and the rest would stay even if Stern departs, that's still $131 x 2,000,000 = $262 million a year. That's more than 10 times Stern's salary.
TTalkradio1 says Stern is overpaid? I'd say Stern is a BARGAIN to SiriusXM.
By the way, Stern's current deal is that he does 111 shows a year. So he's on Monday, Tuesday and Wednesday for 37 weeks each year. (Actually, he takes off three Mondays a year, MLK Day, Columbus Day and Veterans Day, so he's on 38 weeks a year, if you count the weeks he's only on Tuesday and Wednesday.)
Each show is about 3 1/2 hours, 7 a.m. to around 10:30 a.m. He probably will keep those hours in the new contract, although I don't think he addressed whether he's keeping the same schedule. And he no longer sits through commercial breaks. He doesn't play commercials anymore. Since the Pandemic, his live shows have no recorded spots and only one live mention, two or three sentences about the "Sponsor of the Day." The spots run the rest of the day on Howard 100 and 101, but not during the live show.
They resigned Opie and Anthony for years and did fine without them.
Howard works 3 days a week. Joe Rogan got more views on Youtube than a video of Howard asking Paul about the breakup of the Beatles. Howard is done.
You said that already in post #3. We all know what you think. Find something new to complain about,
Howard maintains a significant portion of the Sirius/XM subscriber base, and is worth every cent of the contract cost to them.
Satellite radio is not about ratings. it's about subscribers. Stern brings in millions of them, and the company finds it is worth it to keep him on the air.
Sirius/XM makes no money off YouTube videos.
And Spotify over paid for Rogan's podcasts.
The same will happen when Rush cashes in.
iHeart will have more problems than before.
There is NO replacement for either Howard or Rush.
Jeff in Sa-ra-so-ta!
Rush has plenty of replacements begging for his time slot. I don't think Sirius will replace Howard.
Repeating the axe you have to grind over and over doesn’t make an irrelevant point any more relevant.
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