Howard Stern will host his radio show on Sirius XM for another five years under a new contract deal the broadcaster announced Tuesday.
The agreement — announced just weeks before the 66-year-old shock jock’s current contract was set to run out — will extend his role as a flagship personality for the satellite radio network he joined 15 years ago.
Stern broke the news on Tuesday morning’s edition of “The Howard Stern Show,” which will stay exclusively on Sirius for the next five years. The network said it will also maintain its exclusive rights to Stern’s audio and video archive for an additional seven years.
Sirius shares rose as much as 2.4 percent on the news to an intraday high of $6.68 on Tuesday.
“I’ve been proven right about satellite radio over and over again,” Stern said in a statement. “With this contract renewal, I can’t wait to see what else I’ll be right about.”
“Certainly, I have a lot more to say about Metamucil crackers and stepmom porn,” the provocative broadcaster continued. “Plus, now that I can work from home, I simply don’t have an excuse to quit.”
Sirius declined to reveal any financial terms of the deal despite headline-grabbing speculation about the price tag in recent months.
Bloomberg News reported in October that Sirius was prepared to pay Stern about $120 million a year to keep him around. But Stern threw cold water on the rumor, saying on his show that he and his agent were “kind of baffled by it.” His previous five-year contracts have reportedly paid him between $80 million and $100 million a year.
“I’m ready to take that deal if I can get it,” Stern quipped at the time. “It sounded awesome.”
As the negotiations pressed on, speculation swirled that music-streaming giant Spotify might try to poach Stern as it beefs up its podcasting game. The Swedish firm has shelled out hundreds of millions of dollars in recent years snapping up podcast properties like Bill Simmons’ The Ringer and Joe Rogan’s wildly popular show, which is now a Spotify exclusive.
But Stern’s talks with Spotify never got very far. Moreover, industry sources have told The Post that his relationship with Sirius is mutually beneficial because his show has become an important part of the network’s brand and he essentially gets free rein over his program there.
“Howard’s home has been SiriusXM and it will remain that way, but we’ve expanded SiriusXM in recent years too, and we are excited about finding the right ways that select content from Howard can find audiences on additional platforms,” said Sirius CEO Jim Meyer, who’s slated to retire at the end of the year.
Meyer added that he considers Stern “a close friend and look[s] forward to listening to him for years to come.”